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Ericsson - Wikipedia

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Kreuger started showing interest in the company, being a major owner of Wincrantz holding companies.

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Wincrantz controlled the company by having only a few "A" shares, not a majority of the shares. The company raised more money by issuing a lot of "B" shares, while maintaining the status quo of power distribution. This news was not made public for some time because of a government-imposed limit on foreign shareholdings in Swedish companies, so the shares were still listed in Kreuger's name.

Kreuger had effectively bought LM Ericsson with its own money. Ericsson found they had invested in some doubtful share deals, whose losses were deemed significant.

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ITT examined the deal and found it had been misled about Ericsson's value. As word of Kreuger's financial position spread, the banking institutions pressured him to provide security for his loans.

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Inthe Wallenberg family arranged with ITT to buy its shares in Ericsson, and has since controlled the company. The design is attributed to Jean Heiberg. The Ericsson DBH15 telephone, a successor of the DBH and redesigned in by Gerard Kiljan In the s and s, the world telephone markets were being organized and stabilized by many governments.

The fragmented town-by-town systems serviced by small, private companies that had evolved were integrated and offered for lease to a single company. Ericsson obtained some leases, which represented further sales of equipment to the growing networks.

Ericsson got almost one third of its sales under the control of its telephone operating companies.

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Ericsson reduced its involvement in telephone operating companies and went back to manufacturing telephones and switchgear. It still produced a range of telephones and switching equipment; the latter was becoming a more important part of its range. The distinctive Ericsson styles became subdued by the increasing use of bakelite telephones starting in the s. Init released the Ericofon. Ericsson crossbar switching equipment was used in telephone administrations in many countries.

CEO Lars Ramqvist wrote in the annual report that in all three of its business areas — Mobile Telephones and Terminals, Mobile Systems, and Infocom Systems — "we will expand our operations as they relate to customer service and Internet Protocol IP access Internet and intranet access ".

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There were also around million AXE lines in place or on order in countries. It announced a partnership with Microsoft to combine its web browser and server software with Ericsson's mobile Internet technologies. Under his leadership, the company's acquisitions including a share in US router company Juniper.

Worldwide hype around the potential of the internet — and for Ericsson in particular the mobile internet — had inflated industry expectations.

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Over the coming year, sales to operators halved. The company had survived as mobile Internet started growing. With record profits, it was in better shape than many of its competitors. After the launch of 3G services during[24] [25] people started to access the Internet using their telephones. Ericsson's position as a supplier of GSM equipment to many major operators, and its pioneering role in the emerging 3G standards and associated technology, placed it at the forefront of many of the changes to come.


The cutbacks that followed 10 consecutive quarters of losses meant the company could return to profit in Q3and begin to grow again.

After announcing in that it had returned to growth, new CEO Carl-Henric Svanberg said the company was to concentrate on operational excellence, a wide-ranging push for efficiency and better return on investment that dominated Ericsson's corporate culture for several years.

It was initially deployed in the download version called HSDPA ; the technology spread from the first test calls in the US in late [30] to 59 commercial networks in September Jan Frykhammar, who has been working for the company since will be stepping in as interim CEO as Ericsson searches for a full-time replacement.

In Maythe European Commission created the Wireless Strategic Initiative[35] a consortium of four telecommunications suppliers in Europe — Ericsson, Nokia, Alcatel Franceand 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 Ericsson, the world's largest producer of mobile telecommunications equipment, shed thousands of jobs, as did the country's Internet consulting firms and dot-com start-ups.

The major equipment manufacturers — Motorola U. Ericsson's workforce worldwide fell during fromto 85, More than half a million people lost their jobs in the global telecom industry over the two years. The contract was extended in The acquisition makes Ericsson the largest provider of IPTV and multi-screen services in the world, by market share; it was renamed Ericsson Mediaroom.

Red Bee Media will be an independent subsidiary company, and the new joint media venture is expected to be up and running by the third quarter of [71] In SeptemberEricsson acquired majority stake in Apcera for cloud policy compliance.

Ericsson has since integrated Placecast's platform and capabilities with its programmatic mobile ad subsidiary, Emodo. Knowing the impact of plastics on the environment, both on land and in the oceans and specifically the Pacific Garbage Patch Ericsson team in India was keen to find a new approach to providing clean drinking water to their staff. They reviewed the volumes, counted the cost, considered the environmental impact, and then identified a solution — a simple and straightforward water filtration process called reverse osmosis RO.

Inthe company was founded in Silicon Valley as Flextronics, Inc. InFlextronics became a publicly held company. Inthe company returned to being a private company in a leveraged buyout and was renamed as Flextronics International, Ltd. Inthe company received venture capital funding through Sequoia Capital[7] and became a public held company again in The company closed its contract electronic manufacturing plant in Richardson, Texas in Inthe company purchased the manufacturing division of Nortel Networks, and Solectron in In Flextronics took over a part of the production of Legobut in Lego decided to end relations with Flextronics and purchase the production facilities in Mexico and Hungary.

The acquisition of Solectron was completed by end of Octoberearlier than anticipated.

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The award was given based on quality, delivery performance, engineering support and cost for work with two of Danaher's business units, Tektronix and Fluke. The partnership represented an expansion of Flextronics' Automotive Division's portfolio for battery-powered vehicles and complemented its expertise in high voltage and energy recuperation for the automotive market.

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