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Meanwhile, Google, another Silicon Valley tech company, dealt the third blow to the big telecommunications companies in their own bailiwick.
FORBES: The Significance of Ericsson's Departure from Handsets
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In the early smartphone years, the big telecommunications companies, Nokia, Ericsson, Motorola, Seimens and others, formed a consortium to develop an operating system for smartphones called Symbian, to address convergence of telecommunications and technology albeit with the telecommunications bias.
FORBES: The Significance of Ericsson's Departure from Handsets
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Money managers on both sides of the Atlantic say three sectors stand out as particularly attractive: pharmaceutical companies, big energy and telecommunications companies.
WSJ: Upside: The Great Dividend Hunt