Daniel B. - Check this out, remember our banter a couple years ago? This is from the dead horse's mouth!
Caxton
03:54 PM ET 03/01/99
Ericsson says China a worry - paper
STOCKHOLM, March 1 (Reuters) - Swedish telecoms group
Ericsson said its single largest market was posing a problem for
the group, Swedish newspaper Dagens Industri said on Monday.
"China is a question mark right now," Johan Siberg, chief
executive of Ericsson Consumer Products, told the newspaper.
Ericsson also does not have a CDMA telephone on the market,
in contrast to rivals Motorola and Nokia ,
which are both selling significant volumes of this type.
The absence of a CDMA may create problems for Ericsson in
the future, he acknowledged.
"CDMA telephones can take half the volumes on the U.S.
market. Clearly it's a worry if we are not found on the shelves
then," Siberg told the newspaper.
In 1996 Ericsson sued Qualcomm Inc , alleging its
CDMA technology violated Ericsson patents.
CDMA -- meaning Code Division Multiple Access -- is a U.S.
phone standard developed by Qualcomm. Ericsson makes phones of
the TDMA -- Time Division Multiple Access -- standard.
Ericsson shares closed 6.5 crowns lower at 210.5 in a
generally negative market.
((Abigail Schmelz, Stockholm newsroom, +46-8-700 1003, fax
+46-8-211601, stockholm.newsroom@reuters.com))
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