Not only is the honeymoon state over and done with between Sony and Ericsson, so is the entire marriage that formed the Sony Ericsson union. Sony on Thursday announced it will acquire Ericsson's 50 percent stake in the mobile partnership, effectively making the mobile handset business a wholly-owned subsidiary of Sony.
While Israel is constantly strengthening its anti-missile defenses to take on a wide variety of enemy projectiles – from long range ballistic missiles to unguided rockets, missile defense systems are effective only to a certain degree, leaving enough room for a few missiles or rockets from an enemy fusillade to sneak through these otherwise very sophisticated defense systems.
The Israeli government wants to ensure that its citizens are not sitting ducks in the eventuality of a missile breaching its multi-tier missile shield. To this end, the Israel Defense Force’s (IDF) Home Front Command has decided to deploy a comprehensive missile alert system developed by eVigilo and Ericsson. The alert system has been in the pipeline for a while now.
Now, according to a leading Israeli newspaper, the system will finally go live in June 2011. The warning system will alert people through cell phones, television and radio stations, web sites and billboards. It will ensure that only those people are warned to whom the threat directly applies. Another good thing is that it is said to have only cost the exchequer $7 million. All said, we still don't know whether there will be “an app for that.”
With this announcement, MetroPCS has stolen a march on Verizon, as the latter plans to offer such a LTE handset only in 2011, although it too plans to launch its LTE service in 2010.
“As the Internet goes ‘mobile’ we are excited to be at the forefront of this wireless evolution with the building out of our 4G broadband data services. We anticipate to begin offering our 4G LTE services and a dual-mode LTE/CDMA smartphone in our major metropolitan markets in late 2010,” said Roger D. Linquist, president, chief executive officer and chairman of the board of MetroPCS.
If Sony Ericsson were capable of self-fulfilling prophecies, it would wish it could take back its ominous profit warning issued in late June. The company said it would break even in the second quarter due to disappointing European sales of its mid and high-end mobile phones, but even that turned out to be wishful thinking as Sony Ericsson on Friday posted a staggering 97 percent drop in Q2 profits. To help weather the financial storm and reduce operational costs, the mobile phone maker plans to cut 2,000 jobs "within the next 12 months."
Sony Ericsson only shipped 24.4 million units in Q2, compared to Nokia's 122 million handsets in the same period, who on Thursday announced better-than-expected earnings. Relief doesn't appear to be in sight either, as SE indicated "challenging market conditions" would remain through the rest of the year.