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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: tech101 who wrote (4283)	9/11/2000 8:33:50 AM
From: Jim Oravetz	Read Replies (2) \| Respond to of 5390

Ericsson, Microsoft To Provide Mobile E-Mail By Will Hardie, Reuters Sep 11, 2000 (5:19 AM) URL: techweb.com STOCKHOLM, Sweden - Telecoms equipment company Ericsson and software giant Microsoft Corp. said on Monday they had formally launched a mobile e-mail services joint venture, almost a year after first announcing the idea. The new unit, called Ericsson Microsoft Mobile Venture AB, will be 70 percent owned by Ericsson and 30 percent by Microsoft and have its headquarters in Stockholm. Ulf Avrin, the unit's president, said it would have a positive effect on Ericsson's results and the joint venture was expected to take a sizeable share of the mobile Internet market. Avrin said he was talking to mobile operators in the United States, Britain, Germany, the Netherlands and Scandinavia about the joint company's products. The products will support mobile e-mail and other personal information management tools through existing mobile networks worldwide. “It's hard to say which market will come first but it's going to be a close call,” Avrin said. Ericsson and Microsoft also cooperate in the use of Microsoft's Mobile Explorer browser on Ericsson phones, licencing of Ericsson's Wireless Application Protocol (WAP) technology for Microsoft products and the distribution of Microsoft's Outlook software with some Ericsson phones. The companies said the European Commission, the EU's competition watchdog, had said the venture would not need a merger review and so could be legally formed immediately. Ericsson estimates that mobile telephones and other hand-held terminals will replace PCs as the main Internet tool by 2003. It expects the number of Internet users to reach one billion by 2005. The next step in Ericssson Microsoft Mobile Venture will be positioning services, Avrin said.