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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (14468)	11/12/1999 9:38:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 18016

Golden Oldies Suspicions: ERICY and NN: Message 10743918 To: David Kan who wrote (12473) ÿÿÿÿÿ From: Tunica Albuginea ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Friday, Jul 30 1999 4:52PM ET ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Reply #12474ÿ of 14467 ÿÿÿÿÿ David, take a load of this: ÿÿÿÿÿ dowjones.wsj.com ÿÿÿÿÿ 0727-000805.djml&d2hconverter=display-d2h ÿÿÿÿÿ (you need to subscribe to Dow Jones to open it up ). ÿÿÿÿÿ I highlighted the important points Re: ERICY: ÿÿÿÿÿ - " looking for a non-Swede CEO overseas" and ÿÿÿÿÿ - who would probably be based in London. ÿÿÿÿÿ Key questions that need to be answered are: ÿÿÿÿÿ Does Terrence Matthews ÿÿÿÿÿ -live "overseas"; ÿÿÿÿÿ -is he " a non-Swede " ÿÿÿÿÿ -and would he be interested "in a job near his hometown" ÿÿÿÿÿ ( Newbridge,Wales,UK). ÿÿÿÿÿ Also, may I suggest that next time you send a Xmas card to Terry, address it to ÿÿÿÿÿ St. James's Square, London, ÿÿÿÿÿ all IMHO( and imagination gg ) ÿÿÿÿÿ TA ÿÿÿÿÿ PS: What percent of ERICY shares will Terry get? ÿÿÿÿÿ -------------------------------------------------------------------------------------------- ÿÿÿÿÿ Wall Street Journal, July 27, 1999 ÿÿÿÿÿ Sweden's Ericsson May Search Overseas For ÿÿÿÿÿ Long-Term Chief Executive ÿÿÿÿÿ By ROD STONE, STAFF REPORTER ÿÿÿÿÿ STOCKHOLM -- Now that it has a medium-term management arrangement ÿÿÿÿÿ in place, Swedish telecommunications group Telefon AB LM Ericsson may ÿÿÿÿÿ wait a few years before appointing a long-term chief executive. ÿÿÿÿÿ Company watchers expect Ericsson's (ERICY) new president, Kurt ÿÿÿÿÿ Hellstroem, to take over the chief executive post next year from Lars ÿÿÿÿÿ Ramqvist, but this will last for only two or three years. In a break with ÿÿÿÿÿ tradition, Ericsson may look overseas for a longer-term CEO, who would ÿÿÿÿÿ probably be based in London. ÿÿÿÿÿ Last Friday, Ericsson Chairman Lars Ramqvist - who returned as CEO after ÿÿÿÿÿ the ousting of Sven-Christer Nilsson on July 7 - said Hellstroem may take ÿÿÿÿÿ over the CEO position if the company's profits start improving. Ramqvist said ÿÿÿÿÿ he expects to remain CEO - a position he held from 1990 to March 1998 - for ÿÿÿÿÿ at least six months. ÿÿÿÿÿ "While Hellstroem has said he's going to stay for a long time, I'm not so sure," ÿÿÿÿÿ said one Ericsson watcher in Stockholm. "He's 55 years of age and I think ÿÿÿÿÿ Ericsson will possibly be looking for another CEO in two or three years time." ÿÿÿÿÿ Paul Hansson of Myrberg Brokerage in Stockholm said he sees Hellstroem's ÿÿÿÿÿ appointment as president as a medium-term arrangement lasting perhaps ÿÿÿÿÿ three years. He said Ericsson could look overseas for a candidate that may ÿÿÿÿÿ take both president and CEO positions or, alternatively, just the CEO role with ÿÿÿÿÿ Hellstroem remaining as president. ÿÿÿÿÿ "Ericsson has stated it is looking for a longer-term solution. I imagine they are ÿÿÿÿÿ actively looking for another candidate to be the long-term solution," said one ÿÿÿÿÿ analyst with a major European bank. He said non-Swedes are likely to be ÿÿÿÿÿ considered for the role. ÿÿÿÿÿ So far the rumor mill has tipped Jan-Aake Kark, currently president and CEO ÿÿÿÿÿ of Swedish state telecoms group Telia AB, as a possible long-term candidate. ÿÿÿÿÿ Telia, though, has denied this. ÿÿÿÿÿ Kark was mentioned because he was previously head of Ericsson Microwave ÿÿÿÿÿ Systems and will move to deputy CEO once Telia's merger with Norway's ÿÿÿÿÿ Telenor ASA goes through. The top job at Telia/Telenor will be taken by ÿÿÿÿÿ Telenor's CEO, Tormod Hermansen. ÿÿÿÿÿ Executive search professionals reckon a company of Ericsson's stature would ÿÿÿÿÿ be able to attract high-flying candidates from outside Sweden. ÿÿÿÿÿ "As we've seen recently at Hewlett Packard, it's not uncommon for ÿÿÿÿÿ companies to go outside for chief executives," said a London-based ÿÿÿÿÿ headhunter specializing in the telecoms sector. ÿÿÿÿÿ "Ericsson would attract good people as it has a great brand name and there ÿÿÿÿÿ are some candidates out there that could fill that role," he added. ÿÿÿÿÿ Analysts said the candidate will definitely need experience in the telecom ÿÿÿÿÿ industry but not necessarily exposure to new data-communications ÿÿÿÿÿ technologies. "Ericsson will be looking for an international-type manager with ÿÿÿÿÿ an international network of contacts," said one analyst. ÿÿÿÿÿ Any eventual successor will, like Hellstroem, probably be based at Ericsson's ÿÿÿÿÿ new executive office at St. James's Square in London, which opens in ÿÿÿÿÿ September. Hellstroem will reside in London but continue to have an office in ÿÿÿÿÿ the Swedish capital, an Ericsson spokeswoman said. ÿÿÿÿÿ An international candidate based in London may be able to bypass Sweden's ÿÿÿÿÿ high taxes, headhunters said. ÿÿÿÿÿ Ericsson's most pressing employment issue is the replacement of Chief ÿÿÿÿÿ Financial Officer Carl Wilhelm Ros, who left earlier this month. The ÿÿÿÿÿ appointment is a key issue for Hellstroem, said the spokeswoman. ÿÿÿÿÿ - By Rod Stone; 46 8 545 13094; rod.stone@dowjones.com ÿÿÿÿÿ Copyright (c) 1999 Dow Jones & Company, Inc. ÿÿÿÿÿ Frank, ÿÿÿÿÿ You may have hit the nail on the head !! How about this story from ÿÿÿÿÿ DLJ : dljdirect.com. ÿÿÿÿÿ Notice the word 'MERGE' ÿÿÿÿÿ Regards ÿÿÿÿÿ D.Kan