Ericsson revival plan gaining traction as losses shrink

first_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 20 APR 2018 Home Ericsson revival plan gaining traction as losses shrink Devices Author Kavit Majithia Previous ArticleGoogle to take on iMessage with RCSNext ArticleIndia localisation model pays off for Google Xiaomi smartphone surge bears fruits Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more center_img Ericsson’s bid to turnaround its fortunes through an ongoing restructuring and cost cutting effort is beginning to “pay off”, CEO Borje Ekholm said, as the struggling Swedish vendor saw some light at the end of the tunnel with a narrowed net loss for Q1 2018.The company, which announced in mid-2017 it would make sweeping changes across its business through a series of cost cutting measures, reported a net loss of SEK0.3 billion ($35.6 million) from SEK11.3 billion reported in Q1 2017. Net sales, however, continued to drop, from SEK47.8 billion in Q1 2017 to SEK43.4 billion, but its gross margin improved from 15.7 per cent to 34.2 per cent.Commenting in a statement, Ekholm put the improved performance down to an execution of its business strategy, which is intended to improve efficiency in service delivery and also cutting common costs.During the quarter, the company reduced its total workforce by more than 3,000, taking the overall reduction to almost 18,000 since announcing the restructuring last July.Speaking to Mobile World Live by phone today (20 April), Helena Norrman, SVP and head of marketing and corporate relations at Ericsson (pictured, right) said the company was also “tracking well” towards its target of achieving SEK10 billion in savings by mid-2018, with a run rate reduction of SEK8.5 billion at the end of Q1.“It’s been a lot of hard work but what we can see in this quarter is the plans are delivering results,” she said. “We see costs coming down, efficiency improving and also R&D investments paying off in terms of a more competitive portfolio, so we are tracking well towards the target. It is encouraging to see traction in this quarter.”5G, Huawei and ZTEAs with the bulk of the industry, Ericsson is pinning a lot of hopes on 5G, the next-generation of networks, to fuel sales in the foreseeable future. However, this week Huawei, one of Ericsson’s major rivals, questioned whether 5G had been overhyped.Norrman suggested this was not the case, stating Ericsson continues to see a lot of interest in the technology from its customers.“We base our assessments on discussions with our customers…we have the first commercial contracts coming in already this year and even though it is not big volumes we have, we feel we are very well positioned from a technology point of view. We see interest in the market and we don’t have any other view on it.”Norrman also said the company didn’t have “any comment” relating to the business potential which could arise as a result of US companies being banned from purchasing equipment from another one of Ericsson’s rivals, ZTE, for seven years, an announcement made by the US government this week.“It is too early to speculate on that – our focus is on the trade compliance part and ensuring that we are compliant with the last development.”Q1 performanceBreaking out the Q1 figures into segments, Ericsson’s Networks business hit sales of SEK28.6 billion, a 10 per cent decrease year-on-year, primarily due to lower LTE investments in mainland China and the completion of larger projects in South East Asia. The decline was partly offset by “strong growth” in Europe, Latin America, Middle East and other areas in Asia. The company also said investment in network expansions and 5G readiness in North America continued.For its digital services business, sales slipped 8 per cent to SEK7.7 billion, which was put down to a decline in legacy products. However, the company said the momentum was strong in the “new portfolio of 5G-ready and cloud native products, with several important customer wins in the quarter”.Managed Services sales of SEK5.5 billion were down 8 per cent “as a result of contract reviews and reduced variable sales in certain large” networks contracts. The decline was offset by sales in Managed Services IT, which showed good growth.Norrman said the company had completed 31 out of 42 customer contract reviews, with an expected profit improvement of SEK700 million going forward in Managed Services. The company also completed 11 out of 45 contact reviews for its digital business, but will take “longer to complete”.She also said there was no update on its media business, and the plan remained to conclude its divestment of the unit in Q3. FCC mulls expanded Huawei, ZTE bans Tags Related Mobile Mix: Buzzing for Barcelona 5GEricssonHuaweiQ1 earningsZTElast_img read more

Canyon aero road price drops with new 2019 Aeroad CF SL frame option

first_imgAs much as Canyon continues to develop all-new bikes like the XC Lux we saw earlier this year, the direct-to-consumer bike maker also keeps dropping more affordable, alternative material versions of their most popular premium bikes. The latest to get this treatment is the Aeroad now with a second lower spec CF SL carbon frameset under the top-level CF SLX models.The Aeroad CF SL isn’t an isolated, affordable update. In the last year we saw Canyon drop an alloy version of their Inflite cyclocross bike, plus a more affordable CF SL carbon version there too, even an alloy version of the World Cup DH Sender. As recently as last week we also got a sneak peek as the upcoming aluminum version of their Grail gravel bike.2019 Canyon Aeroad CF SL trickle down carbon aero bikesTrickling down more affordable versions of existing carbon bikes can be a relatively logical step for a big company like Canyon. Working with the same external frame molds, Canyon just has to re-engineer a carbon layup using less costly materials. That’s not exceptionally easy, as they still have to end up with mostly the same stiffness in the revised construction, the only real penalty being typically 100-200g extra due to the lesser grade carbon.Looking at the new CF SL version of the Aeroad vs. the previous CF SLX version, you’d be hard pressed to identify and difference besides the extra X on the toptube. That’s because from the outside the framesets are effectively identical, which means you’ll get all the aero performance of the original in the new, more affordable CF SL versions.2019 Canyon Aeroad CF SL Disc affordable carbon aero road bikesThe new CF SL frame is available in a disc brake option if that’s what you’re after. For 2000€ you can pick up an electronic drivetrain ready frameset including frame, fork, headset, seatpost & aero cockpit (mechanical shift frames are only available as complete bikes.)Starting at 3200€ you’ll find the Aeroad CF SL Disc 7.0 complete bike with a 105 groupset and Reynolds carbon wheels. Or up to $5000 / 4700€ you’ll find the Aeroad CF SL Disc 8.0 Di2 complete build with an electronic Ultegra Di2 drivetrain and DT Swiss ARC 1400 tubeless carbon wheels, even in a WMN women-specific build at that top-level too.2019 Canyon Aeroad CF SL affordable carbon aero road bikesRim brakes are still an option for the Aeroad CF SL too. 2000€ will again get you a rim brake CF SL frameset with either mechanical or electronic shift routing, and here including frame, fork, headset, seatpost, aero cockpit, and a pair of Shimano Ultegra direct-mount rim brake calipers already installed.Complete bikes are also available from the $3000 / 2700€ Aeroad CF SL 7.0 (or WMN) with 105, up to the 4200€ Aeroad CF SL 8.0 Di2 again with electronic Ultegra.Canyon Aeroad CF SL availability vs. the Aeroad CF SLXThe question then remains, what benefit is there to buying the CF SLX versions, other than a hundred grams here or there? One reason may just be availability. In the US so far, it looks like only two CF SL complete bikes are available each in rim or disc brakes, and no frameset options.Then, if you pay close attention globally there are actually some SLX versions that look to offer the lighter, stiffer frame for less money. For the most part that appears to be due to discounts on 2018 spec’ed bikes with different wheelsets. But it would pay to look closely at the build specs before you pull the trigger on a new carbon Aeroad.Canyon.comlast_img read more

Alex Bregman makes grown men angry by holding bat too long after home run

first_imgAfter Alex Bregman started the 2019 World Series in a 1-for-13 mini-skid, he’s been crushing Nationals pitchers.In Game 6 on Tuesday night, Bregman launched a go-ahead solo home run in the first inning. Rather than flipping his bat, he celebrated by carrying his bat all the way around the first base bag. It appeared he tried to execute an impromptu handoff with first base coach Don Kelly that Kelly was not prepared to complete. It was an objectively funny, unusual moment. BREGMAN CARRIED THE BAT AROUND FIRST BASE.😂😂😂pic.twitter.com/wPjNcMJbaX— Sporting News (@sportingnews) October 30, 2019Later, Nationals outfielder Juan Soto followed a long ball with a similar celebration.Prodigious hitter. Prodigious troll.Rock on, Juan.#WorldSeriespic.twitter.com/iszUtFK0CP— Sporting News MLB (@sn_mlb) October 30, 2019MORE: Soto responds to BregmanThe antics upset some former MLB players.Longtime catcher Mike Napoli, known for his unbuttoned uniforms, wrote this:Bregman is a douche!!!— Mike Napoli (@MikeNapoli25) October 30, 2019Fellow backstop Paul Lo Duca, the subject of ongoing litigation from umpire Joe West, offered this:I dont think I’ve ever seen a guy carry his bat all the way to first. If this wasn’t the world series he would get one in the ear.— Paul Lo Duca (@paulloduca16) October 30, 2019Michael Morse, meanwhile, provided a slightly more measured, but still violent, take: Bregman … dude taking the bat all the way to first….that’s asking to get someone hurt on your team … next year . Right now focuses on winning #WorldSeries— Michael Morse (@MorseBeWithU) October 30, 2019One current player, Red Sox pitcher Eduardo Rodriguez, argued that there is a double standard in the game that favors hitters.He just wants to get pumped up like them.they say let the kids play I think is more let the hitter do what they want🤷🏻‍♂️🤷🏻‍♂️🤷🏻‍♂️What do you think?? and they get mad when we dancing and screaming to them 🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️ I don’t get it 🤣🤣🤣🤣— Eduardo Rodriguez (@eduardorod5) October 30, 2019There were some athletes who enjoyed Bregman’s bravado, though. Reds left-hander Amir Garrett, a noted celebration enthusiast, found the whole thing hilarious. And NFL running back Leonard Fournette, who like Bregman went to LSU, found it awesome as well.First base coach gotta be better than that… lol gotta take the bat lol… I love Bregman as a player. His energy is unmatched. That cockiness and arrogance is something I really admire…— CountOnAG (@Amir_Garrett) October 30, 2019ALEX BREGMAN !!!!!!!!!!!!!!!!! The legend— 7⃣ Leonard Fournette (@_fournette) October 30, 2019last_img read more