SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: RocketMan who wrote (53811)12/13/1999 1:58:00 PM
From: ggamer  Read Replies (1) | Respond to of 152472
 
biz.yahoo.com

Ericsson eyes 15 pct mobile market in 2000

By Gillian Handyside

PARIS, Dec 13 (Reuters) - Swedish telecoms equipment maker Ericsson said on Monday it hoped to regain 15 percent
of the global mobile handset market in 2000 and extend gains thereafter. ``We had 15 percent a year ago. Now it has
gone down to 12 or 13 percent. Our objective is to get back up to 15 percent in 2000 and that's just to start with,'
Ericsson President Kurt Hellstrom told Reuters.

Speaking on the margins of a Franco-Swedish conference on the Internet, he warned the European telecoms equipment industry could lose its world
leadership to Japanese rivals if it did not swiftly roll-out ``third generation' mobile phones allowing wireless access to the Internet.

His comments come less than a week after Ericsson announced it was teaming up with Microsoft (NasdaqNM:MSFT - news), the world's largest
software maker, to develop Internet applications for mobile phones including Web browsers and e-mail.

Hellstrom confirmed on December 9 that problems increasing handset output meant Ericsson would not reach its goal of a 10 percent operating margin
in its mobile phone division in the fourth quarter of 1999.

The news caused a temporary dip in Ericsson's share price but the stock recovered as a result of investor confidence that the deal with Microsoft,
announced the previous day, would bear fruit.

EXPLOSION IN DEMAND

Hellstrom said on Monday all telecoms equipment makers were struggling to raise mobile phone output in the face of an explosion in demand.

He said Ericsson was increasing its capacity to manufacture hadnsets week by week.

``The interesting thing is that there is more demand for our phones that we can supply. So it's a positive problem,' he said. Ericsson calculates there will
be a billion mobile phone users worldwide buy late 2002 or early 2003. Hellstrom said that of this total some 400 million would use mobile technology to
access the Internet.

He warned that the European telecoms industry, which leads the world mobile phone market for voice telephony thanks to the introduction of the GSM
standard, risked losing out to Japanese rivals in developing wireless Internet access.

``Our leadership is in no way granted. (The Japanese) are extremely determined not to miss the train this time,' he said.

He pointed out that Japanese operator Nippon Telegraph and Telephone Corp planned to offer wireless Internet access from April 2001 and news
subscribers to Japan's simplified multimedia service Internet-mode were increasing by 150,000 per week.

Hellstrom said the absence of plans to issue licences in Sweden to operate mobile multimedia services could seriously undermine the country's IT
industry.

``Licensing has to come or otherwise we'll see other countries, particulary Japan, taking the lead here,' he said.

``In Sweden there are no signs we will have licensing in the coming years. We will probably be the last in Europe... which is tragic.'



To: RocketMan who wrote (53811)12/13/1999 3:13:00 PM
From: Zeke  Read Replies (3) | Respond to of 152472
 
Who is Cramer??