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Sony Ericsson lost $317 million - A nice departing present Print E-mail
Written by Will Smith - Posted on Thursday, 19 January 2012 04:14   

Divorce allows hurts both parties ... but it's also extremely costly. In the case of Sony (minus) Ericsson ... they made (or should I say lost) a total of $317 million

"Sony Ericsson's tearful breakup continues with more woe as as the venture had to eat a pre-tax loss of €247 million (roughly $317 million). Bosses cited "unfavorable macro-economic conditions" and the Thai flooding as the reasons for the loss. Ericsson probably won't mind having such an unfavorable penultimate quarter with the company, given that it's set to receive €1.05 billion (around $1.9 billion) when Sony buys out its share of the joint telecoms business within the next month."

Source: Engadget


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