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RealTime IT News

Ericsson, Sony In Handset Talks

In a terse statement, Ericsson confirmed reports Thursday that it was in talks with Sony about wireless phones, but provided no other details.

"Ericsson confirms that it is involved in talks with Sony about potential collaboration involving the mobile phone handset business," the company said in a two-sentence statement. "Nothing specific has been decided."

Ericsson has struggled to maintain worldwide market share of its wireless phones against Scandinavian rival Nokia.

The market responded strongly to the reports, pushing the price of Ericsson shares up almost nine percent.