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Well, it seems that Mr. Komiyama has had enough. We think. He’ll be retiring at the end of the year, with Ericsson’s executive, Bert Nordberg, taking his place. Also, Sony’s Sir Howard Stringer is going to become the new board chairman.

Despite the grim outlooks, caused by the ratehr unpleasant recent losses, it has once again been stated that the joint venture is not going to vaporize any time soon. If necessary, extra funds are going to be injected into the operation of the struggling company.

Source: Reuters