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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: Mika Kukkanen who wrote (3662)	9/8/1999 7:56:00 AM
From: DMaA	Respond to of 5390

WSJ Denial - "an unfortunate remark:: September 6, 1999 Ericsson Shareholder Denies Stake For Sale STOCKHOLM -- A key shareholder in Swedish telecommunications giant LM Ericsson AB (ERICY) Monday denied speculation that its 28.1% voting stake may be up for sale. "We have absolutely no intention of selling Ericsson, we believe strongly in the company and its future," Industrivaerden AB (S.IVD) Chief executive Claes Reuterskiold told Dow Jones Newswires. The investment company has 2.4% of the shares but 28.1% of the votes in Ericsson, and shares control over the company with Investor AB (S.INV), the Wallenberg family's investment company. Swedish business daily newspaper Dagens Industri reported Saturday that Reuterskiold, at an informal meeting with investors, had hinted that the Ericsson stake could be for sale. "If a bid of SEK400 a share would emerge then the board would have a hard time saying no," he was reported by the newspaper as saying. Reuterskiold told Dow Jones Newswires: "It was an unfortunate remark and I did not mean that Ericsson is for sale." He called the price discussion "hypothetical". Friday, Ericsson shares ended at SEK270.50 in Stockholm, up SEK6.

To: Mika Kukkanen who wrote (3662)	9/8/1999 8:02:00 AM
From: Mika Kukkanen	Read Replies (2) \| Respond to of 5390

Ericsson and Mannesmann VDO in strategic alliance for development of in-car infotainment solutions Ericsson Mobile Communications AB and Mannesmann VDO AG have announced their plans for a strategic alliance. The two companies will closely cooperate in developing integrated in-car communication and information systems and their applications. The cooperation uniquely bundles know-how in all elements of car infotainment - the merger of in-car navigation, communication, telematics and entertainment. Enormous expansion rates are predicted for the car infotainment market. More than ten million mobile terminal modules are expected to be built into cars by the year 2003 in the EU and the US alone. The alliance brings together Mannesmann VDO's technological capabilities as system supplier with Ericsson's expertise in mobile communication technologies. Bluetooth, as an example, is a wireless local area network developed by Ericsson. It permits wireless transmission of data between mobile telephones, portable computers and other electronic equipment, which makes it ideal for in-car applications. Another example of possible applications in the car environment would be traffic information and Internet services provided over WAP (Wireless Application Protocol). Ericsson played a leading role in developing WAP, a de facto standard for mobile data communication. This protocol allows fast transmission of Internet content to wireless devices. "Infotainment and communication to and from the car will grow rapidly," said Günter Hauptmann, Member of Executive Board of Mannesmann VDO. "Teaming up with Ericsson ensures that we will take a large proportion of this promising market. It will strengthen our position as the world's leading supplier of integrated in-car communication and information systems." "At Ericsson we have a vision that people should be able to communicate whenever and wherever," says Jan Ahrenbring, Vice President Marketing and Communications at Ericsson Mobile Communications. "To implement our communications solutions in the automotive environment we feel it is important to team up with suppliers who know the automotive industry so we can concentrate on our core competence, which is communication." Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at: ericsson.se FOR FURTHER INFORMATION, PLEASE CONTACT Jan Ahrenbring, Vice President Marketing and Communications Ericsson Mobile Communications AB Phone: +46 8 764 1460, +46 70 590 9900 -------------------------------------------------------------------------------- Date: Wednesday, September 8 1999