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Technology Stocks : Nokia Corp. (NOK)

NOK 6.500

-0.1%

Jan 5 3:59 PM EST

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To: Puck who started this subject	7/3/2001 6:10:44 PM
From: Puck	Read Replies (1) of 9255

Ericsson, Lucent win $600 million Saudi deal By Davide Dukcevich Business, technology and wealth news: Swedish cell phone giant Ericsson and faltering U.S. telecom Lucent Technologies have been awarded a $600 million contract to expand Saudi Arabia's wireless phone network, according to Saudi papers. The Arab News daily said Ericsson had won 60% of the deal to build infrastructure for more that 1.1 million cellular-phone customers in the country by 2002. Lucent will receive the remaining 40%. The winning firms beat out Motorola and Finland's Nokia . More... Cellular phone company Motorola backed out of a large part of an agreement it had signed last year with contract manufacturer Flextronics International , under which Flextronics was to manufacture Motorola products worth more than $30 billion. Flextronics was to make parts used in Motorola's mobile phones, but the tailspin in cell phone sales led both firms to mutually disengage from the deal. More... Beat the drums slowly, Mario. The European Commission is expected to reject General Electric 's proposed $42 billion takeover of Honeywell International . The commission's 20 members will likely support Competition Commissioner MarioMontiMario Monti's recommendation to scuttle the merger, despite pressure from the American government and political leaders. The deal's death knell will also be a major blemish to the otherwise sterling career of GE chief executive JackWelchJack Welch, who postponed retirement from the company to shepherd it through. More... French art collector HubertGoldetHubert Goldet auctioned more than 600 pieces of his African art collection in Paris, garnering more than $10.3 million. Goldet spent more than 30 years compiling African artwork such as masks, statues and jewelry. The auction is considered one of the most significant African art sales in decades.

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