This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Ericsson Appoints Robert Puskaric New Head Of Business Unit Modems

  • Robert Puskaric appointed Senior Vice President and Head of Business Unit Modems
  • Appointment effective as of May 7, 2014
  • Modems enters new phase as the first product M7450 is commercially available

STOCKHOLM, Sweden, May 6, 2014 (GLOBE NEWSWIRE) -- Ericsson (NASDAQ:ERIC) appoints Robert Puskaric Senior Vice President and Head of Business Unit Modems. He will remain part of Ericsson's Global Leadership Team. Puskaric brings extensive experience from modems business where he was head of Ericsson Mobile Platforms 2006-2009. Robert Puskaric succeeds Mats Norin, who has headed the integration of the modems business into Ericsson after the dismantling of the joint venture ST-Ericsson.

Hans Vestberg, President and CEO of Ericsson, said: "Robert brings relevant experience and strong business acumen as the modems business enters a new and exciting phase. We now have one of the industry's most advanced LTE thin modem and are trialing with the first customers. Mats Norin has been instrumental in successfully bringing the M7450 to market and establishing the modems business as an integrated part of Ericsson."

Robert Puskaric has been Head of Ericsson's region Northern Europe and Central Asia and member of Ericsson's Global Leadership Team since 2010.

Robert Puskaric said: "I am excited to take on this role and to return to the modems business. Modems will be an important part of realizing our vision of a Networked Society where anything that benefits from being connected will be connected. I am looking forward to joining the highly skilled team at Modems and ensure together that we successfully bring our portfolio to market."

Puskaric was born in Helsingborg, Sweden in 1969, and graduated with a Bachelors of Business Administration degree from the School of Economics and Management at Lund University, Sweden, in 1996.

Since August 2013, Ericsson has an LTE thin modems business with industry leading technology and intellectual property. The operation was integrated into Ericsson after the split-up of the joint venture ST-Ericsson last year. Modems are part of Ericsson's vision of 50 billion connected devices and the ambition is to be a top-three supplier in the thin modems market. The first product, Ericsson M7450, was released for commercial use in the fourth quarter last year. Work is ongoing with a tier one smartphone manufacturer to integrate M7450 in their devices. Net sales are expected in the second half of 2014

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,243.93 +111.23 0.61%
S&P 500 2,113.74 +9.24 0.44%
NASDAQ 4,999.5290 +36.0020 0.73%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs