SI
SI
discoversearch

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 : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Caxton Rhodes who wrote (24771)3/23/1999 1:26:00 PM
From: Ruffian  Read Replies (2) of 152472
 
Sven Speaks>

Ericsson's CEO Sven-Christer Nilsson said during his speech at the Annual General Meeting:

''Ericsson is in an exciting period. 1999 is not a harvest year but a year in which we are preparing ourselves. And we are well
positioned for the next phase of development.

''We recently presented an entirely new portfolio of mobile telephones. We are equipped to strengthen our position. Our
technological leadership in 3G, which is the first generation of a true mobile Internet, is unchallenged. We have led this
development.

''In connection with the annual results we announced an expectation of lower results for the first six months of 1999. I can
confirm this and particularly in connection with the first quarter. The increase in sales has slowed at the same time as costs for
restructuring have appeared. At the same time it is important to note that the first quarter is often a poor indicator for the balance
of the year.

''This shift in technology and development will be as extensive for man as when the telephone became generally available. It
involves the mobile Internet, an area in which Ericsson has unique strength. We are the world leader in mobility. We already have
6 test systems in operation and we received the first order in the world for a so-called packet-data GPRS.

''Our long-term goal in this 3G market is to post higher growth than the market as a whole. Accordingly, our objective is to grow
by at least 20 percent.''

The complete speech will be found at ericsson.se.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News