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To: TigerPaw who wrote (65122)	1/29/2000 1:20:00 AM
From: Gut Trader	Read Replies (1) \| Respond to of 152472

ERICY splitting 4 for 1 Friday, January 28, 2000, 3:08 p.m. EST Swedish communications giant proposed 4:1 split. LM Ericsson Telephone Company (NASDAQ:ERICY) announced today, following an earnings release and board meeting, a proposal to split its ADR's on a 4:1 basis. The vote will take place on March 31st in the Company's hometown of Stockholm, Sweden. The Company is also planning on increasing the par value of the shares from SEK 2.50 to SEK 4.00, which will fall to SEK 1.00 following the split. This is planned to take place is early May. There are currently 1.8 billion shares of ERICY outstanding, with an unlimited number authorized. Average trading volume for the ADR's has been about 4.2 million daily. Each ADR of ERICY represents one series B (non-voting) share of the parent company. Ericsson is one of the lead telecommunications and data communications suppliers in the industry. The Company offers end-to-end mobile and fixed network solutions for network operators, service providers, enterprises and consumers. It does so through its representation in 140 counties, with their sales in Sweden comprising only 5% of their sales. The largest markets for Ericsson are the U.S., China, U.K., Brazil and Italy. Emerging markets are a main focus of Ericsson, as well, with their significance in converging telecom / datacom and fixed mobile services. The Company is continuing to make substantial investments in its research and development to assure it maintains its presence in the future. The Company's original release caused some amount of confusion among the various entities reporting on the split, mainly due to the fact that the split ratio listed in the Company's release was listed as 1:4. The change in par value was of some issue as well. The US market was caught somewhat off guard to see a stock trading at the current level ($70) announce a 4:1 stock split. In order to assure that we obtained the correct facts, we confirmed the details provided in this release with Ericsson's Investor Relation's Department directly earlier today, and are now confident that we have provided an accurate depiction.