Sony Ericsson stems — but doesn’t stop — losses in fourth quarter
Sony Ericsson still has a hell of a trek to get back on its feet, but by all appearances, it's taking baby steps toward that goal on news of its fourth quarter '09 earnings. The joint venture did €1.75 billion (about $2.47 billion) in sales in the most recent reported quarter -- an improvement of €131 million over the quarter prior -- and posted an operating margin of -2 percent, an improvement of 10 percent against the third quarter and the closest Sony Ericsson has come to turning a profit since 2008. Here's the problem, though: that operating margin reflects data before €150 million in restructuring charges.
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