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Ericsson, STMicroelectronics Team Up
08/21/2008
Qualcomm's (QCOM) competition may have just gotten tougher. Ericsson and STMicroelectronics (STM) plan to combine their wireless chip and software businesses. Shares of both companies’ stock were higher with the news. Source: Reuters: Ericsson, ST form mobile JV, aim to lead industry Related Articles: Sony Ericsson Struggles Against Competitors, Slowing Market Ericsson Results: When 70 Percent Isn’t a Good Thing
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