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Technology Stocks : Nokia (NOK)

NOK 6.730

-0.7%

Nov 14 9:30 AM EST

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To: ronho who wrote (12635)	6/15/2001 11:09:32 AM
From: ronho	Read Replies (1) of 34857

Interesting that Samsung is shipping equipment even before ink on Ericsson contract dries. Ericsson Wins China Telecom Contracts Worth $850M By Adam Creed, Newsbytes STOCKHOLM, SWEDEN, 15 Jun 2001, 6:38 AM CST Swedish telecommunications equipment maker Ericsson said it has made several coups in China with today's signing of valuable frame relay communications equipment contracts with Chinese network operators. Ericsson said the contracts represent $850 million worth of business over three years. The frame relay equipment will be used in GSM (global system for mobile communication), code division multiple access (CDMA) and multi-service networks in Jiangsu province, China. The equipment will be supplied to Jiangsu Mobile Communications Co. Ltd, China Unicom Jiangsu Branch, and China Telecom Group Jiangsu Corporation, Ericsson said in a statement early today. newsbytes.com

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