Sony Ericsson will have to raise 100mil EUR to keep going

We knew things aren’t that good for Sony Ericsson right now.

Dropping market share and falling handset sales made it lose hundreds of millions of dollars during the last few months. And, contrary to Motorola, they can not rely on  a parent company to cover those losses as the coffers run dry.

So Sony Ericsson may need to look for more money to stay in business pretty soon.

Sony CFO has been talking to Nikkei News and acknowledged the problem, which is a combination of falling demand and a gap in the product portfolio, before the new handsets get into the market.

sony-ericsson-logo1

According to him, Sony Ericsson will need to raise 100 million EUR this fiscal year (ends in March of 2010) to keep going. They are considering  various financing options for that, including loans or equity injection from parent companies, or the issue of new shares.

According to Sony spokesman, Sony and Ericcson will jointly discuss and deicide the fund-raising details later.

Well, wish them good luck, and I really hope SE will get its act together soon enough.

Author: Stasys Bielinis

While I like to play with the latest gadgets, I am even more interested in broad technology trends. With mobile now taking over the world - following the latest technology news, looking for insights, sharing and discussing them with passionate audience - it's hard to imagine a better place for me to be. You can find me on Twitter as @UVStaska'

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  • Taylor

    ***typo: loses instead of losses. line6 of text.

  • Ben

    If they put out more information about the IDOU series of phones, maybe that will help them

  • Taylor

    ***typo: loses instead of losses. line6 of text.

  • Ben

    If they put out more information about the IDOU series of phones, maybe that will help them