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Technology Stocks : Ericsson overlook?

ERIC 9.565

-1.5%

Dec 12 3:59 PM EST

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To: Jim Oravetz who wrote (4525)	2/20/2001 3:56:34 AM
From: elmatador	Read Replies (1) of 5390

ERICSSON/NOKIA: FACE COMPETITION FR JAPAN IN EUROPE - FTI (News agency Direkt) -- Ericsson and Nokia face stiffer competition in Europe now that Japanese players aim to double production of mobile phones and grab market shares in the area, according to FinansTidningen Tuesday. Sharp said Monday that it plans to double mobile handset production for exports to Europe and the United States. Sanyo also announced Monday that it intends to increase production and exports of mobile phones. As for 3G, Toshiba has already stated plans to launch 3G phones in Europe next year and the biggest Japanese player, Matsushita, has declared a target to increase its global market share from 6 yo 10% up until 2003. However, Ericsson is not worried. "This is an issue that resurfaces all the time - `the Asian threat` and their big know-how of consumer products. We believe, since we know communciations from years back, that we will be able to keep our standing. Otherwise we wouldn`t be in this industry," said Ericsson spokesperson Mikael Westmark to FTi.

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