January 27, 2001

Ericsson gives up on making mobile phones

Author: JT Smith

ZDNet reports: "Swedish telecoms equipment group Ericsson said on Friday
it was pulling out of making its own mobile phones and shedding thousands
of jobs in the handset business after reporting a worse than expected
fourth-quarter operating loss of $155 million." The company plans to outsource mobile phone production to Flextronics International, Inc., the world's third largest electronics manufacturer.
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