STOCKHOLM, SWEDEN--(Marketwire - Oct 9, 2012) - Following recent speculations in the market
regarding the future of ST-Ericsson,
the 50/50 joint venture between Ericsson (NASDAQ: ERIC) and STMicroelectronics
(NYSE: STM), Ericsson and STMicroelectronics make the following comments.
ST-Ericsson announced its strategic plan in April and is in the middle of
executing on company transformation aiming at lowering its break-even point.
is natural for the parent companies to continuously review the strategy of the
The two parent companies, together with ST-Ericsson, are currently working
an external advisor in order to ensure the best possible future for ST-
Both STMicroelectronics and Ericsson support ST-Ericsson in its transformation
work and remain confident that the company has a strategic position in the
industry to enable the device ecosystem.
Ericsson discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on October 9, 2012 at 12:30 CET.
Ericsson comment on speculations reg ST-Ericsson:
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Source: Ericsson via Thomson Reuters ONE