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Technology Stocks : Ericsson overlook?

ERIC 9.345

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Jan 9 3:59 PM EST

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To: elmatador who wrote (4918)	1/17/2002 9:38:29 AM
From: Eric L	Read Replies (1) of 5390

re: LG licenses 3G Handset Platforms from ERICY >> LG Licenses Ericsson 3G Technology Cellular News January 17, 2001 Ericsson has licensed its 3G handset platforms to South Korea's LG Electronics. LG Electronics will develop its GPRS/UMTS Dual Mode 3G handsets based on Ericsson's technology and pay Ericsson Mobile Platforms a license fee for the technology. The technology platforms include all component specifications, printed circuit board schematics and software, and are ready for customization by the manufacturer. This approach enables LG Electronics to launch new products quickly with minimum R&D investment and at the same time to come out as a strong supplier of handsets when consumers all over the world take on 3G. "We are confident that this flexible offering from Ericsson will enable LG Electronics to develop state-of-the-art products and services," says Tord Wingren, president of Ericsson Mobile Platforms. "The agreement gives a boost to the 3G handset market and is the second agreement for Ericsson Mobile Platforms, with Sony Ericsson as the first customer." << - Eric -

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