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To: S100 who wrote (13469)	7/9/2001 4:13:34 PM
From: S100	Read Replies (2) \| Respond to of 34857

3G delay causes more unemployment 7/9/2001 Delay deliveries of worldwide high-speed 3G rollout will cause further job loses in the telecom market. Analysts said Ericsson, the Swedish telecommunications equipment manufacturer, will be force to cut several hundred more jobs in Q4 if no new 3G network orders to come in later this year. Analysts said GSM orders are almost coming to a standing still in Europe and suppliers are fighting every inches to win deals. Third generation is the only hope for suppliers and timetable for 3G rollout cannot slip any further. At the moment only Swedish and Italian UMTS network orders are planned for delivery at the end of this year for Ericsson and therefore payments to keep up operations. The telecom slowdown and high 3G licenses in Europe have left operators with little cash to spend on buying telecom equipment therefore hitting equipment makers like Ericsson hard. There were only 48 contracts signed so far for 3G networks out of 93 contracts predicted by analysts for the end of Q2. Factories-ready for manufacturing 3G equipment will be standing idle for 65 per cent of the time if no new contracts to come in by the beginning of Q3. Analysts said some Ericsson employees working with 3G mobile systems were being moved to GSM systems production because of continued demand for systems and upgrades, but will end by this year. Ericsson Chief Executive said the Sony Ericsson joint venture, which wants to focus on GPRS (seen as a stepping stone to 3G) and 3G, would be profitable from the first day, but analysts was doubtful. mformobile.com Rather unusual wording in this one.