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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: rest42 who wrote (32316)	7/8/1999 7:01:00 AM
From: The BayWatcher	Read Replies (3) \| Respond to of 45548

Hail Sir Eric the Git-- you are the wisest of all wise CEOs. You were a true genius to acquire US Robotics. While fools were unfairly hailing stones at you Sir Eric for the drop in share price from 81, you were wisely cooking the books to hide inventory levels. If only that reporter had been be-headed as in fond days ago, your wisdom would have prevailed. Sir Eric, the only criticism I could even make is that you should not have told your loyal followers last year that your company had turned the corner. While I humbly admire your noble intentions, you allowed those insignificant peons to think they had a role in your company. No Sir Eric the Git, it is your company. You are the genius behind 3COM. You are the wisest of all wise CEOs. Hail, Hail Sir Eric the Git.

To: rest42 who wrote (32316)	7/8/1999 7:19:00 AM
From: The BayWatcher	Respond to of 45548

Eric's-son got canned. Now let's can Eric!!!! Ericsson CEO Sacked Under Pressure-Papers By Belinda Goldsmith STOCKHOLM (Reuters) - Pressure from shareholders and financial markets drove Sweden's underperforming telecoms giant Ericsson to sack chief executive Sven-Christer Nilsson, Swedish media said Thursday. Ericsson announced late Wednesday that Nilsson had ''resigned'' after just 15 months at the helm of Sweden's largest company as his pace of restructuring had not been fast enough. Swedish financial commentators said Nilsson was sacked because Ericsson had lagged behind rival telecoms groups for too long. Former chief executive Lars Ramqvist, the company's chairman, will replace him but this was seen as temporary. ''The change in CEO can perhaps be seen as a reaction to the international financial markets' impatience, whether good or bad,'' said daily Dagens Nyheter. ''Ericsson is becoming more and more of an internationalized company... with more than 95 percent of production going in exports.'' Ericsson, the world's third largest mobile phone maker, has issued two profit warnings in the last seven months and disappointed investors with lower-than-expected figures for the first quarter of 1999, due to falling demand for public networks and loss of market share in mobile phones. Svenska Dagbladet columnist Christer Hedberg said Ericsson's poor share price performance compared to rival companies was a key reason behind Nilsson's surprise departure, not the pace of his moves to restructure the company. Ericsson's share price has risen 50 percent since Nilsson took over on March 30 last year, reaching new all-time highs earlier this week, but Finnish rival Nokia's share has surged 300 percent. ''This is of course the reason that he has to go,'' Hedberg said. Ericsson's share price tumbled on news of Nilsson leaving, closing 23 Swedish crowns ($2.70) lower at 262 crowns. It was four lower at 258 in early trade Thursday. Ramqvist's appointment was seen as a temporary measure -- and not particularly impressive as he was seen as partly to blame for some of the problems now facing Ericsson. Ericsson's profit development during Ramqvist's last quarter in power was weak, commentators said. ''Lars Ramqvist also has other heavy responsibilities in the form of the chairmanship of Volvo and the Confederation of Swedish Industries,'' Hedberg said. Tabloid Expressen said the company now had to keep employees and shareholders informed about what was going on. Nilsson had already announced in January that 11,000 jobs -- 10 percent of the workforce -- would be cut over the next two years. ''Pressure on (largest shareholder) Investor and Ericsson is increasing from employees and shareholders to give information about what is happening in Sweden's biggest and most important company,'' Expressen said in an editorial. Nilsson told Swedish news agency TT the ''chemistry'' between himself and Ramqvist on the Ericsson board had not been good. ''This has meant that we have not had the kind of dialogue that a managing director should have with his chairman,'' Nilsson said. ($1-8.530 Swedish Crown)