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

To: Mika Kukkanen who wrote (4469)	1/16/2001 2:53:48 PM
From: elmatador	Respond to of 5390

ERICSSON: STRONGER CASH FLOW REQUIRED TO KEEP RATING -S&P(R) (News agency Direkt) -- Repeats to clarify the year referred to in the second paragraph Standard & Poor`s negative outlook for Ericsson`s credit rating is mainly explained by the company`s weak cash flow. A positive cash flow for the full year 2001 is required in order for Ericsson to keep the credit rating A+ and to improve the outlook to stable, said Louis Landeman, analyst at S&P in connection with a presentation organized by SFF Tuesday. It is difficult to determine how big share of customer financing Ericsson can commit to without affecting the credit rating since other factors also play a role, Landeman said. He did say that increased bank financing generally lead to more flexibility and that one of the decisive factors for the telecom sector, including both service providers and vendors, will be the development on the stock market. S&P estimates that the general borrowing requirement for the telecom sector in Europe is expected to increase from a level around 100 billion euro last year.

To: Mika Kukkanen who wrote (4469)	1/17/2001 5:50:19 AM
From: elmatador	Read Replies (2) \| Respond to of 5390

MOBILCOM UMTS COOPERATION COULD COLLAPSE (News agency Direkt) -- Ericsson`s cooperation with German Mobilcom could collapse, German weekly magazine Teleboerse wrote without citing any specific sources, according to AFX. Ericsson was to deliver equipment to Mobilcom`s UMTS network, but according to the paper, Mobilcom chairman Gerhard Schmidt has pulled out of negotiations. Ericsson made public in late October that the company had won an order from Mobilcom worth 1.6 billion euro up until 2003. The order was Ericsson largest ever systems order. Alcatel is supposed to have offered better financial solutions, pressured by Mobilcom main owner France Telecom, according to the magazine. On Tuesday Mobilcom announced that it is looking into cooperation with Nokia, Siemens and Alcatel, as well as with Ericsson.