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Technology Stocks : Ericsson overlook?

ERIC 9.745

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Nov 10 3:59 PM EST

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To: Jim Oravetz who wrote (4264)	8/24/2000 6:21:12 PM
From: Eric L	Read Replies (1) of 5390

>> ERICSSON, ARIMA IN DEVELOPMENT, MANUFACTURING OF HANDSETS OUTSOURCING DEAL AFX News Limited 24 August 2000 totaltele.com LM Ericsson AB said it has signed a letter of intent with Taiwan's Arima Computer Corp for development and manufacturing of entry-level mobile phones. "This agreement is an important part of our new entry level strategy (announced in July), which will help us to reduce cost and time to market and thereby increase profitability", said Jan Wareby, executive vice president Ericsson Consumer Products. Arima will be one partner handling development and manufacturing according to Ericsson's specifications of high-volume, value for money mobile phones, so-called "entry-level" products, which constitutes a large portion of the total global market, it said. By this outsourcing programme, Ericsson said it will get access to additional development resources and components, and can allocate its own resources to advanced products for the mobile internet. << - Eric -

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