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Stock Market & Financial Investment News

News Breaks
November 29, 2013
05:29 EDTERICEricsson provides information regarding antitrust investigation in India
Ericsson announced that the Competition Commission of India, or CCI, has decided to commence an investigation of Ericsson relating to the Indian Competition Act. In March, Ericsson sued the Indian company Micromax for patent infringement in Delhi High Court, India. Ericsson had before that made numerous attempts to sign a license agreement with the company on Fair, Reasonable and Non-discriminatory terms. As part of its general defense, Micromax has filed a complaint to the CCI. The CCI has now decided to refer the case to the Director General for an in-depth investigation. Ericsson will fully cooperate with the authority in this investigation to reach a fair and reasonable conclusion.
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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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