Sony Ericsson Mobile Communications Ltd., the mobile-phone venture of Sony Corp. and Ericsson AB, reported a second straight loss as sales slumped and it took charges to cut jobs.
The fourth-quarter net loss was 187 million euros ($245 million), compared with a profit of 373 million euros a year earlier, the London-based company said in a statement today. Sales fell 23 percent to 2.91 billion euros. Sony Ericsson booked costs of 129 million euros in the quarter to trim its workforce.
Sunday, January 18, 2009
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