Sony Ericsson responds to quarter losses with planned cuts

Sony Ericsson posted results for the third quarter on Friday, and stated that losses were less than projected, indicating that the company is seeing success in its cost-cutting measures. However, the company is also seeing a reduction in sales, down 10 percent over the same period in 2007.

that Sony Ericsson's president, Dick Komiyama, has announced plans to continue the cost-cutting, reducing the company's handset line by 20 percent in an attempt to increase profitability. As part of the reduction, three divisions will be consolidated, and he indicated that additional personnel cuts over may be needed as well.