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To: MileHigh who wrote (53320)12/9/1999 7:49:00 PM
From: Kayaker  Respond to of 152472
 
Microsoft-Ericsson Deal: Less Than Meets the Eye
By Jim Seymour
Special to TheStreet.com
12/9/99 6:00 PM ET

Reports of a joint venture between Microsoft (MSFT:Nasdaq) and Swedish phone giant Ericsson (ERICY:Nasdaq ADR) Wednesday got a lot of attention. Ericsson closed up six and change; Microsoft closed down a shade. Neither movement reflected the realities of this deal, nor of this market.

In fact, the more I look at the plans for the joint venture -- so far more talk than real, but with Ericsson clearly holding the majority stake -- I think there's a lot less here than meets the eye.....

thestreet.com
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