Note:
(a) summary underneath the title in print: The company is shifting away from its waning hardware market
(b) “A decade ago, telephone pioneer Ericsson managed to reinvent itself as a maker of network equipment, selling pricey hardware to telecommunications companies struggling to keep up with mobile subscription growth. Suddenly, the Swedish company was more relevant than it had been since the 1920s.”
Ericsson
en.wikipedia.org/wiki/Ericsson
(In 1876, at the age of 30, he [Lars Magnus Ericsson] started a telegraph repair shop * * * in central Stockholm; Ericsson was saved from bankruptcy and closure with the help of banks and some government backing [in a deal negotiated by Marcus Wallenberg Jr. The Wallenberg family has controlled the company since 1960])
My Nov 2, 2014 posting, titled “Family Companies (II),” in Note (f), brought up Wallenberg family (“Sweden’s Wallenberg business empire”), that did not mention Ericsson by name.
(c) “About 40 percent of the world’s wireless calls and data move through Ericsson’s network hardware. The company, with a market valuation of $39 billion”
(d) “To fill the void he [Jason Hoffman] saw in the market, he co-founded Joyent, then called TextDrive, in 2004 with Canadian programmer and typographer Dean Allen.”
(i) typographer (n): "a person (as a compositor, printer, or designer) who specializes in the design, choice, and arrangement of type matter" www.merriam-webster.com/dictionary/typographer
(ii) typography
en.wikipedia.org/wiki/Typography
(e) I know little about networking equipment. But if one goes to news.google.com and enter “Ericsson,” what he gets are mostly gloomy news (about Ericsson). But I also find an interesting title:
(i) If it’s Huawei it’s the highway, US tells Cambridge techs. Cambridge, England: Business Weekly, Oct 20, 2014. www.businessweekly.co.uk/hi-tech ... lls-cambridge-techs
“US tech businesses are towing the line” of the US government. A typo here: “toeing”--not “towing.”
(ii) my way or the highway (phrase): "(chiefly US, idiomatic) An expression suggesting an ultimatum which indicates the listener(s) will either conform to the desires of the speaker or else be excluded."
en.wiktionary.org/wiki/my_way_or_the_highway