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ST Ericsson warns it will take longer than expected to turn a profit due to falling demand for...
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Thursday, June 23, 2011, 3:18 PM ETST Ericsson warns it will take longer than expected to turn a profit due to falling demand for its legacy products. In an attept to turn things around, it plans to carry out a review of it's global workforce, aiming to save around $120M by 2012. ERIC -2.5%, STM -3.9%.
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