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Technology Stocks : PWAV- the hot new IPO

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To: RFJock who wrote (813)	3/19/1998 8:54:00 AM
From: Tim Oliver	of 1491

On Feb. 9, you wrote: "Yes, I agree the lack of portable phone purchases by ordinary Koreans who are taking a beating financial-wise is not to be confused w/Koreas's strategic initiative in CDMA infrastructure for EXPORT. Here's a press release this morning from another one of PWAV's new customers. Note particularly the part that I highlighted. If handsets aren't doing as bad as expected, what does that say about infrastructure pessimism? <g>: =================================================== Thursday March 19, 4:58 am Eastern Time Ericsson took market share in handsets Q1 HANOVER, Germany, March 19 (Reuters) - Swedish telecoms group AB LM Ericsson said on Thursday the group captured market share in mobile handsets in the first quarter of 1998. ''We clearly see we have strengthened our positions,'' mobile telephone division marketing head Jan Ahrenbring told Reuters at the CeBIT computer industry trade fair. ''There are no certain statistics for the market but we believe we have taken market share.'' The group has not increased its forecast for the total mobile telephone market. The forecast that 140 million mobile phones both analogue and digital will be sold globally in 1998 still holds. "This is the forecast we currently have," Ahrenbring said. He said sales had been good so far this year. ''Sales during the first quarter are going well. This is both for us and the total market,'' he said. Ahrenbring said growth was strong around the world and Asian sales had gone better than expected. Ericsson continued to expect a price fall of 20-25 percent in the mobile phone market this year and was aiming to lower costs by the same rate. ------------------------------------------------------------------------

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