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

To: Mika Kukkanen who wrote (4801)	8/29/2001 12:48:17 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 5390

Nokia Share of Cellphone Market Slipped in 2nd Period, Study Says By BUSTER KANTROW Dow Jones Newswires Finnish mobile-phone giant Nokia Corp.'s share of the global market shrank slightly in the second quarter, while rivals Motorola Corp. and Telefon AB L.M. Ericsson gained ground. The Gartner Dataquest research firm said Wednesday that 89.8 million phones were shipped to consumers world-wide between April and June, an 8% decrease from the second quarter of 2000 and a 7% decline from the first quarter of 2001. Ericsson, Sony Agree on Final Terms Of Planned Mobile-Phone Venture (Aug. 28) Ericsson Plans Restructuring, New Unit for Big Customers (Aug. 20) Nokia's share of global sales fell to 34.8% from 35.3% in the first quarter, Gartner said. U.S.-based Motorola saw its market share grow to 14.8% from 13.2% in the first quarter, while Sweden's Ericsson increased its share to 8.3% from 6.8%. Ericsson reclaimed the No. 3 position after losing it to Germany's Siemens AG in the first quarter. Gartner said Siemens had a market share of 7.9% in the second quarter, while South Korea's Samsung Electronics Co. claimed a 6.9% share. Nokia has set a target of 40% market share, but said last month that its second-quarter sales had been hurt as competitors sold their phones below cost to clear out inventory ahead of the release of new models. Gartner analyst Ben Wood said Nokia's growth had also been hampered by weakness in western Europe's economy and an end to operator subsidies in the region for new subscribers. Mr. Wood noted, though, that even with the flat second quarter, Nokia's share of the market is still 7.1% higher than a year ago. "The long-term trend is still solid growth," he said. Nevertheless, challenges loom for the Finnish company. It is trailing competitors to the market with its new GPRS handsets, which will allow users to remain connected to the Internet constantly, obviating the need to wait while each data request is submitted. Phone manufacturers are hoping that the GPRS phones will spur their sluggish sales. In addition, some of Nokia's competitors are teaming up to challenge its lead. Ericsson is planning to combine its loss-making mobile-phone operations with those of Japanese electronics maker Sony Corp. on Oct. 1. NEC Corp., Matsushita Electric Industrial Co. and its mobile phone unit, Matsushita Communication Industrial Co., agreed last week to jointly develop phones for third-generation mobile systems. These are expected to bring an array of new services. NEC and Matsushita are Japan's biggest phone makers, but are bit players on a global scale. Nevertheless, they hope to eventually overtake Nokia. "There is no room for complacency among any of the top players," Mr. Wood said. "Everybody in the top five knows their position is under threat. But the gap between Nokia and the others is so significant that it's going to take some time, and something disastrous would have to happen for them to be overtaken."

To: Mika Kukkanen who wrote (4801)	8/31/2001 4:26:05 AM
From: elmatador	Respond to of 5390

I think they will get rid only of the contractors. Then they will close one office in Nepal another one in Vanuatu. Yes, this I posted four months ago. Now see my next posting: To:Mika Kukkanen who wrote (4664) From: elmatador Friday, Apr 20, 2001 4:56 AM Respond to of 4803 EFFICIENCY PROGRAM CLD AFFECT 10,000 EMPLOYEES (News agency Direkt) -- Ericsson`s cost-savings and efficiency program could affect as many as 10,000 employees, more than half outside of Sweden, the company wrote in its interim report Friday. The company is streamlining global operations with the goal of saving more than 20 billion annually, beginning 2002. The restructuring provisions for the efficiency program and the extended Back to Profits program will be taken as a one-time change in Q2 2001 and are seen amounting to about 15 billion kronor. Ericsson added its is further streamlining its phone operations, bringing the number of employees to less than 5,000 by end 2001. The company has earlier said it would cut the number of employees from 16,800 to 7,000 by end of this year. "These new actions will deliver additional savings of three billion kronor over and above the 15 billion savings earmarked for the original back to profits program," the company said. I think they will get rid only of the contractors. Then they will close one office in Nepal another one in Vanuatu.

To: Mika Kukkanen who wrote (4801)	8/31/2001 4:28:26 AM
From: elmatador	Respond to of 5390

Ericsson sees no market improvement yet. They have only got rid of the contractors and everything continues as before. They wait for somehtig to happne to avoid take decisions. After the holiday season (between Thansgiving and Xmas, ERICY will hit 30SEK. Brace for it guys! Ericsson sees no market improvement yet By Reuters staff Thursday, August 30, 2001 Loss-making Swedish telecoms equipment maker Ericsson does not see any signs of improvement in the market, a senior Ericsson official was quoted as saying on Thursday. "It is important that we continue with efficiency measures... We are only at the beginning of the efficiency programme, and we still do not see any improvement in the market," Ingemar Blomqvist, who oversees the company's ambitious restructuring programme, told Ericsson's Contact weekly gazette. Ericsson did not give any forecast for the third or fourth quarter when it reported second-quarter results in July, saying market visibility was low. Ericsson, the world's biggest producer of mobile networks and third-biggest handset supplier, is struggling to return to profitability amid sagging demand in the sector, depressed by the global economic slowdown and high costs of third generation mobile telephony licences. To return to the black, the company has launched a restructuring programme envisaging job cuts of up to 22,000 people, or one fifth of the workforce, and other measures which are to give 38 billion Swedish crowns (US$3.67 billion) of savings from next year. "With the measures we have decided on, we can reach this goal," Blomqvist said. He said the efficiency program had already helped stop monthly costs of research and development from rising. "Costs for research and development are no longer rising. Earlier they had always been increasing every month," Blomqvist said. He said more synergy effects in the research and development area would come from the restructuring of the company's divisions, announced last week, which, for example, combine Ericsson's third-generation telephony WCDMA and second-generation GSM activities.