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ST-Ericsson, the financially troubled wireless chip JV between Ericsson (ERIC) and...

ST-Ericsson, the financially troubled wireless chip JV between Ericsson (ERIC) and STMicroelectronics (STM), has hired JPMorgan to explore its strategic options, Les Echos reports. These include finding a new partner, spinning off some operations, and the parent companies taking over other activities.
Comments (1)
  • malc9141
    , contributor
    Comments (142) | Send Message
     
    Bad news that they ask a firm of ~consultants~ to advise them. I would have thought (seeing they can think the obvious, ie what is written above) they could decide for themselves.

     

    It's pretty obvious they have to assess the value of Ericsonn to them (ie STM).

     

    But interestingly, STM has a firm tie up with SingTel. SingTel is the main shareholder of Optus, the Australian telecom. G4 is being rolled out there and there should be a steady income stream as that proceeds. But I don't know how much of an income.

     

    If anyone reads this, my main disappointment is bringing in 'consultants' to do a job they should do themselves. Rants ends.
    9 Oct 2012, 06:03 AM Reply Like
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