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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (8946)	10/19/2000 3:15:48 PM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

Fool on the Hill: Nobody's Buying Mobile Phones? "But the negativity surrounding much of the mobile phone industry is overblown. Just as the Internet is not going away, there are still massive areas of potential growth for mobile phones, as the total penetration rates still remain below 4% of the worldwide adult population." biz.yahoo.com Archimedes- Thanks for pointing out the Euro detail. I really wasn't paying that much attention to that detail but it should be taken into consideration in reviewing the financials. I'm mainly into the unit sales. Speaking of that, I thought the Motley Fool writeup was a nice little recap of what is occuring now with all the mobile phone players. The one line I quote above is suspect or there is a heck of a lot more adults in the world than I thought there were. The rest of the article appears to paint a more accurate picture of the industry today. -MikeM(From Florida)

To: Archie Meeties who wrote (8946)	10/20/2000 5:10:20 AM
From: elmatador	Read Replies (1) \| Respond to of 12823

Ericsson to shift production as handset losses widen By Maija Pesola Published: October 20 2000 06:59GMT \| Last Updated: October 20 2000 08:18GMT Ericsson, the Swedish telecoms equipment manufacturer, said on Friday losses in its ailing mobile phones unit had continued to widen, and announced plans to shift production of handsets to low-cost centres in Asia, Eastern Europe and Latin America. Ericsson, which is the world's third-largest manufacturer of handsets, said losses in the handset division had widened 29 per cent in the third quarter, bringing its cumulative losses in the nine months ended September 30 to SKr5.9bn ($584m). Shares in the company fell more than 12 per cent, or SKr18.5, to SKr132.5 in early trading in Stockholm. The company had already warned in July that the handset division, hit by components shortages, would continue to suffer. It said on Friday that it expected the unit's full-year losses to be SKr16bn. The networking unit, which makes up the bulk of Ericsson's business, fared better, with third quarter operating profits at SKr8.1bn, and cumulative income for the nine months reaching SKr23.7bn. This has traditionally been Ericsson's area of strength, and the company said it was maintaining its lead in providing third generation mobile systems. It has been named as a supplier for 15 out of the 20 3G network projects announced to date. Despite the growth of networking operations, the losses for handsets dragged pre-tax profits in the third quarter down to SKr5.5bn, less than half the amount reported in the previous quarter. It was, however, a 53 per cent improvement on the SKr 3.6bn reported for the same period last year. Nine month pre-tax profit more than doubled year-on-year to SKr24.1bn. Sales for the third quarter rose to SKr67.3bn compared to SKr65bn the previous quarter and SKr49.3bn the previous year.