Losses swell, outlook flat at ST-Ericsson

Peter Clarke, EETimes
7/21/2011 7:54 AM EDT

LONDON – Financial results for the second quarter at ST-Ericsson, the mobile phone chip joint venture between STMicroelectronics NV and Ericsson AB, were bleak with sales down, losses up and a flat outlook for the third quarter. The company is also carrying costs from a renewed restructuring plan announced in June.

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