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Technology Stocks : Newbridge Networks

NN 15.49

+6.7%

Dec 4 3:59 PM EST

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To: Jeffrey Lee who wrote (15038)	11/24/1999 7:46:00 AM
From: Tunica Albuginea	of 18016

Jeffrey Lee, confusion at ERICY because of 2 simultaneous chiefs: ÿ OTTAWA, Nov 23 (Reuters)ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Tuesday November 23, 7:09 pm Eastern Time biz.yahoo.com Swedish telecoms equipment maker Ericsson , often named the most likely candidate to bid for Newbridge, has sent out conflicting signals. The Swedish group reversed on Monday earlier statements to Reuters by saying it was not interested in Newbridge. There is some confusion at senior levels of Ericsson, analysts said. President Kurt Hellstrom was named president in July,ÿ butÿ board chairman Lars Ramqvist remains acting CEO. ``They're the number one wireless cellular provider,ÿ with 45 percent of the world market share,ÿ but the next generation of wireless networks will feature high-speed data networking capabilities,' Sagawa said. ``They have some piece part technologies they've acquired along the way, but Ericsson doesn't really have a track record of developing carrier class data network.'

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