About: http://data.cimple.eu/news-article/982dd72a8da77a8cd864f801ef3ae096596d5e73180c29daebaf9878

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About: http://data.cimple.eu/news-article/982dd72a8da77a8cd864f801ef3ae096596d5e73180c29daebaf9878 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Shares in Swedish telecoms manufacturer Ericsson tumbled on Friday after it announced it was suing South Korea's Samsung, warning the dispute could see sales take a hit of over half a billion dollars in 2021. In the first hour of trading on the Stockholm stock exchange, Ericsson's share price was down around seven percent. The financial impact of the litigation, coupled with delays to renewals of license agreements and market conditions, could negatively impact Ericsson's operating income by between one and 1.5 billion Swedish kronor ($118-177 million, 98-146 million euros) every quarter starting in the first quarter of 2021, the company said. Ericsson, which is one of the leading suppliers of mobile network equipment alongside Finland's Nokia and China's Huawei, booked net sales of 227.2 billion kronor in 2019. Ericsson said it had filed a lawsuit with the district court for the Eastern District of Texas, accusing Samsung of "violating contractual commitments to negotiate in good faith and to license patents on Fair, Reasonable and Non-Discriminatory (FRAND) terms and conditions." Many common technological standards, such as Wifi and Bluetooth, are protected by patents held by specific companies. In order for other manufacturers to use such essential technology the holders of such patents are obliged to grant licences on fair, reasonable and non-discriminatory terms -- so-called FRAND terms. In practice however negotiations over these licencese sometimes leads to conflicts between technology companies. jll/po/rl
schema:headline	Ericsson shares tumble on Samsung dispute
schema:mentions	Ericsson Swedish language Nokia Huawei Bluetooth Samsung Finland South Korea Court Texas China Reasonable and non-discriminatory licensing Stockholm Stock Exchange Swedish krona Earnings before interest and taxes JLL (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	85 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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