|Bid||49.06 x 0|
|Ask||49.09 x 0|
|Day's Range||48.77 - 49.29|
|52 Week Range||43.19 - 64.95|
|PE Ratio (TTM)||-14.38|
|Dividend & Yield||0.11 (1.87%)|
|1y Target Est||55.67|
Ericsson (ERIC) is planning to cut 25,000 jobs outside Sweden in a bid to accelerate cost cuts. Over the past year, the company has sacked 7000 employees in North America.
Ericsson said it has launched legal proceedings against smartphone maker Wiko, alleging infringement of patents essential for 2G, 3G and 4G cellular technology, as well as implementation patents.
Sonova on Thursday launched a new hearing aid microchip capable of streaming audio directly from wireless devices as the Swiss company tries to close the gap with Danish competitors that pioneered similar technology years ago. Sonova, the world's biggest hearing aid maker, was criticised for missing an opportunity with tech-savvy Baby Boomers when rival GN Store Nord introduced direct-streaming hearing aids for Apple devices in 2014.