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Stock Market & Financial Investment News

News Breaks
March 20, 2013
17:15 EDTERICEricsson issued an injunction by NY State Supreme Court in Airvana case
The New York State Supreme Court has issued a preliminary injunction barring Ericsson, Ericsson AB or any party in privity with Ericsson from using, operating, testing or deploying certain Airvana-based EV-DO hardware unless it is executing software that is licensed from Airvana. The Court determined that all of the EV-DO products marketed and sold by Ericsson that were the subject of the preliminary injunction motion were "based on Airvana hardware design". The Court will also conduct a separate, related hearing in April on a second preliminary injunction motion filed by Airvana against Ericsson relating to the Digital Baseband Advanced product marketed and sold by Ericsson. In the second preliminary injunction motion, Airvana seeks the same relief ordered by the Court in yesterday's decision.
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April 16, 2014
05:17 EDTERICEricsson announces initial five-year partnership with Mirantis
Mirantis and Ericsson entered into an initial five-year partnership to deploy Mirantis carrier-grade OpenStack software in the Ericsson cloud software platform used for telecommunications networks, internal data centers and cloud computing services that Ericsson will offer its customers. In addition to using Mirantis OpenStack for carrier-grade deployments, the Ericsson Global Services organization will deploy and integrate Mirantis OpenStack for the IT operation of mobile operators and service providers. This helps operators rationalize their IT infrastructure by delivering enterprise-grade cloud services to their users based on an open, widely supported standard. To support this initiative, Mirantis will also provide training, design and architecture assistance to Ericsson Global Services.
April 14, 2014
10:09 EDTERICEricsson falls, levels to watch
Shares are down 3.5% in a narrow range of $12.60 at the low to $12.67 at the high. At current price resistance is at $13.13, the prior day close. Support is at $12.46.
April 11, 2014
10:19 EDTERICQualcomm, Ericsson recommended by RBC Capital
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09:09 EDTERICQualcomm Ericsson recommended for near-term at RBC Capital
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April 9, 2014
05:46 EDTERICEricsson chosen as major LTE supplier by Far EasTone in Taiwan
Far EasTone, a telecommunications operator in Taiwan, has announced that it has chosen Ericsson as its major LTE supplier. Ericsson will provide hardware, software and support services, rolling out a multi-access RAN and core network for both 3G and 4G services, as well as assisting with network optimization.

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