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STMicroelectronics, Ericsson Split Up Venture After Failed Sale

2013-03-18 09:25:34| Electronics - Topix.net

STMicroelectronics NV and Ericsson AB agreed to split up their unprofitable ST-Ericsson chip venture after failing to find a buyer for the business.

Tags: sale failed split ericsson

 

Ericsson, ST announce plan to split up ST-Ericsson

2013-03-18 09:04:00| Telecompaper Headlines

(Telecompaper) Ericsson and STMicroelectronics have reached agreement on a plan to split up their ST-Ericsson venture, and announced the appointment of ST-Ericsson COO Carlo Ferro as the venture's CEO from 1 April. The agreed split-up will see Ericsson take on the design, development and sales of LTE multimode thin modem products, including 2G, 3G and 4G multimode. ST will take on the other ST-Ericsson products and related businesses, as well as some assembly and test facilities. The transfer of ownership is expected to be completed during the third quarter, subject to regulatory approval. The remaining parts of ST-Ericsson will be closed down, with the potential loss of 1,600 jobs.

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Ericsson, STMicro agree to split joint venture ST-Ericsson

2013-03-18 01:00:00| Total Telecom industry news

As many as 1,600 jobs will be lost as vendors shut down some operations.

Tags: agree joint split ericsson

 

Whole Foods Location: Spy Photo Shows Store's Split at Countryside Mall

2013-03-15 15:32:38| Grocery - Topix.net

Kim Mohr just went to Sears to pick up a freezer for her restaurant. Little did she know she would stumble across plans that seem to confirm a Whole Foods grocery store is coming to the Sears at Westfield Countryside Mall .

Tags: location photo shows stores

 

Google to split mapping, commerce ops, WSJ reports

2013-03-14 16:34:54| CNET News.com

As part of the move, Jeff Huber, head of the combined operation, will be moved to the Google X team, the publication reported. [Read more]

Tags: google reports commerce split

 

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