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Technology Stocks : Ericsson overlook?
ERIC 9.690-0.3%12:59 PM EST

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To: P2V who wrote (1954)8/27/1998 9:06:00 AM
From: P2V  Read Replies (2) of 5390
 
Ericsson announces new mobile phones forecast for the millennium

Today Ericsson's CEO, Sven-Christer Nilsson, announced the company's forecast
for the 1998-2000 global mobile phone market at an analyst meeting in Tokyo.
Ericsson expects that the global mobile phone market will exceed 140 million
units by the end of this year, growing to 200 million during 1999, and 265
million units by the year 2000.

The upgraded forecast is higher than Ericsson presented earlier this year, one
reason being that new pre-paid operator services are increasing in all
markets. New prepaid services is driving the demand for mobile phones. During
1997 operators around the world launched 72 new prepaid services. Already for
the first half of 1998 the equivalent figure is 111.

"This new forecast emphasises the continuing strong growth of the mobile phone
markets in US, Europe and Asia Pacific, well past 2000," said Sven-Christer
Nilsson, CEO of Ericsson. "The growth rate emphasises that mobile telephony is
gaining momentum especially in the TDMA technology," Sven-Christer Nilsson
continued.

Global information about Ericsson and its products is available on the World
Wide Web at ericsson.se

Ericsson's 100,000 employees are active in more than 130 countries. Their
combined expertise in fixed and mobile networks, mobile phones and infocom
systems makes Ericsson a world-leading supplier in telecommunications.

FOR FURTHER INFORMATION, PLEASE CONTACT

Jan Ahrenbring, Vice President Marketing and Communications
Ericsson Mobile Communications AB
Tel + 46 8 764 1460 or + 46 70 590 9900

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