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Technology Stocks : Ericsson overlook?
ERIC 9.570-1.4%Dec 12 9:30 AM EST

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To: elmatador who wrote (4489)1/25/2001 9:14:33 AM
From: Eric L   of 5390
 
re: Ericsson Internet Applications and Solutions AB (EIP)

>> Ericsson Launches New Set-Up for Faster Rollout of Mobile Internet Applications

GSMBOX
01-25-01

As the leader in mobile Internet, Ericsson is strengthening its focus on mobile Internet applications and further streamlining its organization by setting up a wholly-owned company, Ericsson Internet Applications and Solutions AB (EIP). Headed by Lars Boman, the company will develop Service Networks and application solutions.

In order to further strengthen Ericsson's world leading position as communications services and solutions supplier, all Services activities will be concentrated in one organization by transferring the Internet solution unit to Division Global Services.

Lars Boman said that applications are a key factor for the growth of mobile Internet. By concentrating their competence in this new company, they will be even closer to their customers and stimulate and support the large roll-outs of mobile Internet systems like GPRS and 3G as well as our Multi-Service Networks. Systems, phones, applications and services are the cornerstones of their successful business proposition. This new set-up is another proof of our continuous improvement.

As a consequence Division Internet Applications will cease to exist. In this connection, Haijo Pietersma, presently head of the division, has decided to leave Ericsson to pursue new opportunities. Ericsson's consulting company EdgeCom will continue to be managed as a separate company, emphasizing EdgeCom's position as an independent supplier of high level management consulting services to operators and service providers. The Ericsson Microsoft Mobile Venture, headed by Ulf Avrin, will continue as before. <<

- Eric -
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