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Stock Market & Financial Investment News

News Breaks
January 31, 2013
06:19 EDTSTM, ERICSTMicroelectronics may need $500M to end Ericsson JV, Reuters reports
STMicroelectronics (STM) could need up to $500M to get out of its loss-making joint venture with Ericsson (ERIC), compounding the chipmaker's problems as it fights tough competition and weak demand reports Reuters. Reference Link
News For STM;ERIC From The Last 14 Days
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January 27, 2015
08:23 EDTSTMSTMicroelectronics upgraded to Buy from Neutral at BofA/Merrill
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05:21 EDTERICEricsson sees North American mobile broadband business remaining slow
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05:20 EDTERICEricsson proposes to increase 2014 dividend by 13%
Ericsson said in its earnings release, "We improved cash flow from operating activities in 2014 and generated a full-year cash flow of SEK 18.7 (17.4) b. For the third consecutive year we have exceeded our cash conversion target of more than 70%. This resulted in a solid balance sheet, enabling us to continue to implement our strategy and to deliver consistent returns to our shareholders. The Board of Directors proposes a dividend for 2014 of SEK 3.40 (3.00) per share, an increase of 13%."
05:16 EDTERICEricsson reports Q4 net income SK4.2B vs. SK6.4B last year
Reports Q4 sales SK68B vs. SK67B last year. Reports Q4 operating margin 9.3% vs. 13.5% last year. The company said, "In the quarter, strong sales growth in the Middle East, Europe and Asia was offset by a continued decline in North America."
January 22, 2015
11:32 EDTERICF5 Networks plummets after Q2 outlook trails estimates
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January 21, 2015
07:39 EDTSTMSTMicroelectronics upgraded to Buy from Neutral at Citigroup (yesterday)
Citigroup yesterday upgraded STMicroelectronics to Buy citing a favorable risk/reward in the near-term relative to expectations.
January 15, 2015
13:07 EDTERICNetworking trends seen as boon for Cisco, others
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07:02 EDTERICTrends positive for data networking names, says Bernstein
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06:17 EDTERICVodafone CTO Steve Pusey to retire, Johan Wibergh appointed as successor
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January 14, 2015
05:49 EDTERICApple sues Ericsson over patent royalty rates, Bloomberg says
Apple (AAPL) filed a lawsuit against Ericsson (ERIC) in the U.S. District Court for the Northern District of California, stating that Ericsson's royalty rates are excessive and its patents are not essential to LTE standards, reports Bloomberg. Reference Link
05:28 EDTERICEricsson files complaint against Apple in U.S. District Court
Following Apple's (AAPL) action, Ericsson (ERIC) has filed a complaint in the U.S. District Court for the Eastern District of Texas requesting a ruling on Ericsson's proposed global licensing fees with Apple. During the past two years of negotiations, the companies have not been able to reach an agreement on licensing of Ericsson's patents that enable Apple's mobile devices to connect with the world and power many of their applications. Ericsson filed the suit in order to receive an independent assessment on whether Ericsson's global licensing offer complies with Ericsson's fair, reasonable, and non-discriminatory, or FRAND, commitment. The global license agreement between Ericsson and Apple for mobile technology has expired and Apple has declined to take a new license on offered FRAND terms. Ericsson's Q4 IPR revenue will include payment from Apple under previous agreement. Every Apple smartphone and tablet with cellular capability uses technology from Ericsson. On January 12, Apple filed a lawsuit asking the U.S. District Court for the Northern District of California to find that it does not infringe a small subset of Ericsson's patents.

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