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To: jewishcarpenter who wrote (45695)	10/22/1999 7:29:00 AM
From: T L Comiskey	Respond to of 152472

Telecom news............European telecom shares lift off Macronix, TSMC jolted by new Taiwan quake By Liza Roberts and Mariko Ando, CBS MarketWatch Last Update: 6:15 AM ET Oct 22, 1999 NewsWatch LONDON (CBS-MW) -- European stocks jumped higher as the weekend approached, with telecommunications stocks the big winners Friday on the back of better-than-expected Ericsson earnings and hopes for more consolidation in the sector. --Shares in the world's No. 3 cellular phone maker, Sweden's Ericsson, (ERICY: news, msgs) jumped 25 krona, or 9.3 percent, to 294 after it reported third quarter net earnings fell a less-than-expected 16 percent. See full story --Rival Nokia Oyj (NOK: news, msgs) of Finland also got in on the act, jumping 6.80 euros, or 7.7 percent, to 95.30 -- one day after the company reported a 38 percent rise in net profit for the third quarter. See full story --Meanwhile in London, Vodafone AirTouch PLC (VOD: news, msgs) added 21 pence, or 8.1 percent, to 278. The Times of London reported the company could be prepared to make a hostile $76 billion (40 billion pound) bid for Mannesmann AG if the German conglomerate's shares continue to soften in the wake of its $33 billion offer for rival wireless operator Orange PLC (ORNGY: news, msgs). See press briefing -- Orange shares liked the attention. They added 75 pence, or 5.4 percent, to 1,457 in London trading. --And that wasn't all: another deal, this one in Germany, also caught the market's fancy. Deutsche Telekom AG (DT: news, msgs) said it's paying $2 billion for most of MediaOne International's central European and Russian mobile telecom units. See full story. Deutsche Telekom shares tacked on 1.02 euros, or 2.4 percent, at 43.52.