Ericsson overlook? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ericsson overlook?

ERIC 10.05

+0.5%

9:42 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (2685)	1/30/1999 1:40:00 AM
From: elmatador	Read Replies (1) of 5390

IONICA-THE STORY SO FAR Ionica first launched its wireless access service in East Anglia in May 1996, targeting the residential and small business market using fixed access technology developed by Nortel. The company's plan, according to founder Nigel Playford, was to win a 5% share of the UK telecommunications market by 2000-equivalent to having around one million customers. Initially Ionica seemed on track to achieve its goal with a strong marketing campaign stimulating initial demand. On the back of this good start the company went public in June 1997 and was welcomed with open arms by the Stock Market. Shares in Ionica went for 390 pence valuing the company at GBP600 million plus. By the spring of 1997 Ionica had expanded into the Midlands and was planning to move into Yorkshire, but software problems in its base stations, which severely reduced capacity, and unspecified deployment 'difficulties' were slowing rollout schedules. ' 'DIFFICULTIES'? UNSPECIFIED? IT LOOKS LIKE TOWER FOUNDATIONS TOO BIG.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next