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Comms chips

Euronews: ST-Ericsson Cuts, Huawei Eyes a Buy

ST-Ericsson , Huawei Technologies Co. Ltd. and Alcatel-Lucent (NYSE: ALU) lead the way in today's EMEA news mash-up.

  • Mobile chip joint venture ST-Ericsson is to cut up to 500 jobs (locations unknown) as part of its effort to reduce its costs by US$120 million by the end of 2012. The company, which reported disappointing first-quarter financials, also noted that it no longer believes it can return to profitability by the second quarter of 2012, as previously announced. (See ST-Ericsson to Cut More Cost and ST-Ericsson Reports Q1.)

  • Huawei is reportedly in negotiations to acquire Greek vendor and systems integrator Intracom Telecom, which is 51 percent owned by JSC Sitronics (London: SITR), part of Russian giant Sistema JSFC (London: SSA), and 49 percent owned by Intracom Holdings S.A. , reports Capital.gr. If Huawei was successful it would give it more of a presence in the U.S., where Intracom subsidiary Conklin Corp. (Conklin-Intracom) has some customers for its IPTV solution. (See Conklin-Intracom Lands IPTV Deals.)

  • AlcaLu has nabbed its new VP of wireless marketing, Parker Moss, from industry body GSM Association (GSMA) . Moss will be responsible for the promotion of the vendor's new base-station-in-a-cube lightRadio product, among other things. (See AlcaLu: We're Killing the Base Station .)

  • Access infrastructure vendor Keymile AG has won a deal to provide VDSL2 access equipment across 15 areas in the German district of Odenwald. (See Keymile Wins VDSL2 Deal.)

    — Ray Le Maistre, International Managing Editor, Light Reading

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