Ericsson AB Chief Executive Officer Hans Vestberg told directors he has no plans to step down following reports that he is among candidates to succeed Microsoft Corp.’s Steve Ballmer, according to a person familiar with the matter.
It wasn’t long after Ericsson AB Chief Executive Officer Hans Vestberg was identified as a contender for the top job at Microsoft Corp. before phones were ringing off the hook at the telecom supplier’s Stockholm offices.
At the wireless industry's biggest annual show in Barcelona, executives weren't afraid to ditch their Rolexes for plastic alternatives -- from smartwatches to connected bracelets. Carlo Ferro, finance chief at chipmaker STMicroelectronics, sported two.
Ericsson AB, the world’s largest maker of mobile-phone networks, aims to increase revenue from its more than 27,000 patents as devices from toys to energy meters get wireless access, its chief executive officer said.
Ericsson AB, the world’s largest maker of wireless networks, reported profit margins that beat analysts’ projections after cutting jobs and focusing on more lucrative contracts. The stock rose the most in five months.
The most exciting part of elevating Satya Nadella to chief executive officer of Microsoft Corp. may be that it would end the search to replace Steve Ballmer, investors in the world’s biggest software maker said.