By Simon Johnson – World number one mobile network gear maker Ericsson (ERICb.ST) beat expectations for earnings and margins in the first quarter raising hopes that recent market weakness has bottomed out.
Ericsson said operators remained cautious due to the macroeconomic environment. Ericsson’s caution chimed with that of rivals Huawei and Nokia Siemens Networks which have warned the soft global economic outlook could prompt telecom carriers to cut investments.
Ericsson hinted at a pick up in the key North American market after six months of slack demand. “I don’t see the cautious operators there,” Ericsson Chief Executive Hans Vestberg said. more> http://is.gd/zDMRyd
Posted in Business, Economy, Net, telecom
Tagged Cellular network, Ericsson, Hans Vestberg, Huawei, Industrial economy, Nokia Siemens Networks, Semiconductor, Sony, Stockholm, Wireless
Editorial – Companies such as Lockheed Martin Corp. (LMT)
, Citigroup Inc. (C)
and Sony Corp. (6758)
have recently reported serious breaches of their networks. NASA
said last week that hackers had launched 13 major attacks against it last year, including one in which they gained access to networks at the Jet Propulsion Laboratory
, which manages active space missions. The national counterintelligence executive, a federal post, estimates that
$398 billion in U.S. research and development spending is jeopardized by cyberespionage
from China and Russia
As scary as all this sounds, cybersecurity is a manageable problem.
Making your business more secure costs money. A study by Bloomberg Government of 172 organizations in six industries and the government found that they would need to increase their cybersecurity spending almost nine times over — to $46.6 billion from the current $5.3 billion — to achieve security that could repel 95 percent of attacks.
Cybersecurity is clearly an area where federal intervention is warranted to protect the public. The trick will be securing our digital lives without jeopardizing the freedom and flexibility that make them worthwhile. more> http://tinyurl.com/7mp5cwr
Posted in Business, Economy, Net
Tagged Bill of Rights, Citigroup, Computer security, Cybersecurity, First Amendment, Jet Propulsion Laboratory, Lockheed Martin, NASA, Sony, United States Department of Homeland Security