Sony Ericsson Bleeds Cash

Apr 25 2003 - 02:19 AM ET | Sony Ericsson
One of the most popular pages we have is our collection of Sony Ericsson news--they are a hot company with savvy users (incidentally savvy users make up the bulk of our readers). Too bad they can't swing a profit though. The company lost a massive $114 million in the first quarter of '03, but it still maintains that it will swing back into the black for the whole year (planning some amazing quarters evidently).