Sony Ericsson

Topics: Ericsson, Joint venture, Saab Microwave Systems Pages: 3 (913 words) Published: March 19, 2013
Around the start of the 21st century, companies and governments began to push for standards for the emerging mobile internet. In May 2000, the European Commission created the Wireless Strategic Initiative,[4] a consortium of four leading telecommunications suppliers in Europe – Ericsson, Nokia, Alcatel (France), and Siemens AG (Germany) – to develop and test new prototypes for advanced wireless communications systems. Later that year, the consortium partners invited other companies to join them in a Wireless World Research Forum in 2001. In 2000, the bursting of the information technology bubble with marked economic implications for Sweden. Ericsson, the world's largest producer of mobile telecommunications equipment, shed thousands of jobs, as did the country's once fast-expanding Internet consulting firms and dot-com start-ups. Nevertheless, in the same year, Intel Corp., the world's largest semiconductor chip manufacturer, signed a USD 1.5 billion deal[5] to supply flash memory to Ericsson over the next three years. In December 1999 Microsoft and Ericsson announced[6] a strategic partnership to combine the former's web browser and server software with the latter's mobile-internet technologies. A short-lived joint venture called Ericsson Microsoft Mobile Venture AB, owned 70/30 percent by Ericsson and Microsoft respectively, ended in October 2001 when Ericsson announced [7] that it would absorb the former joint venture and adopt a licensing agreement with Microsoft instead. That same month, Ericsson announced the launch[8] of Sony Ericsson, a joint venture mobile-phone business, together with Sony Corporation. Sony Ericsson remained in operation until February 2012, when Sony bought out Ericsson's share, Ericsson stating that it wanted to focus on the global wireless market as a whole.[9][10] Tumbling stock prices and huge job losses struck telecommunications companies around the world in 2001. The major equipment manufacturers – Motorola (US), Lucent...
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