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Microcap & Penny Stocks : GTCI - get in before the news hits

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To: BishopsChild who wrote (1121)	3/10/1999 3:20:00 PM
From: Skywatcher	Read Replies (1) of 1541

Ericsson To Expand China Operations insidechina.com STOCKHOLM, Mar. 10, 1999 -- (Agence France Presse) Swedish telecommunications giant Ericsson plans to expand its operations in China by 10-15 percent and employ some 500 people despite tough competition from Japanese and other rivals, the Swedish business newspaper Dagens Industri reported Tuesday. "It will be a tough year in terms of competition, but a good year in terms of market growth," John Gilbertson, former head of Ericsson's China operations, told the paper. Some 15 to 17 million new network phone lines as well as 15 million new mobile phone subscribers were forecast to be connected in China this year. Ericsson said it wants to be in the fight over the "larger pie" along with Japanese firms, Siemens of Germany and France's Alcatel. chris

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