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

To: Eric L who wrote (4907)	12/17/2001 9:59:45 AM
From: elmatador	Respond to of 5390

It is because many ERICY Swede employees were "downloaded" to work in this JV.

To: Eric L who wrote (4907)	12/29/2001 5:23:20 PM
From: elmatador	Respond to of 5390

Read those three news and then the fourth. See what you mean? 1) Ericsson sells St. James’s (property in London) to BP 2) ERICSSON: SELLS KISTA PROPERTY TO AP FASTIGHETER 3) Ericsson sells test plant equipment for USD 750 million and this one 4) Ericsson seen meeting cash flow target Ericsson sells St. James’s to BP Ericsson has sold its property at 1 St. James’s Square in London to BP for GBP 117 million. BP intends to move its global corporate headquarter to 1 St. James’s Square. The transaction will be effective by year-end. As earlier announced Ericsson will move its London-based operations from St. James’s Square to 105 Wigmore Street, an equally central location offering the accommodation it needs. The transaction is part of a long-term strategy to divest non-core assets and reallocate these funds to business activities. Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more about Ericsson at ericsson.com Ericsson sells test plant equipment for USD 750 million As part of Ericsson’s active asset management, Ericsson signed a sale-lease back agreement regarding test plant equipment for the value of USD 750 million. This transaction is a proof of Ericsson’s capability to free tied-up capital. The transaction includes test plant equipment used for software testing, at sites located in Sweden and the US. Ericsson will lease back the test plant equipment from the new owner. The facility is arranged by a syndicate of financial institutions. "This set-up is another successful step in our efforts to release capital, "says Sten Fornell, CFO of Ericsson. The transaction will be effective by year-end, and will improve the cash position of the Group with approximately USD 750 million. There will be no material impact on Ericsson’s future net income. Ericsson will manage the test plant equipment and the work force at the test plants will not be affected. Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more about Ericsson at ericsson.com ERICSSON: SELLS KISTA PROPERTY TO AP FASTIGHETER (News agency Direkt) -- Ericsson is selling its Hekla 1 property and the leaseholder rights to Hekla 2 to realty company AP Fastigheter, according to a press statement Friday from AP Fastigheter. AP Fastigheter will gain possession of the properties today, December 21. The companies have also signed a 10-year leasing agreement for most of the premises. No purchase price was disclosed in the statement. Ericsson seen meeting cash flow target BY PETER STARCK STOCKHOLM (Reuters) - Telecoms equipment maker Ericsson signed on Saturday a deal that will boost cash flow by $750 million, suggesting an accumulated cash flow impact of deals announced this month of at least $1.3 billion. This indicates that Ericsson's top executives may have met their key goal of positive cash flow to the tune of 13 billion crowns ($1.23 billion) in the fourth quarter -- an achievement necessary to reach cash flow in the black for full-year 2001. Investors closely watch loss-making Ericsson's cash flow because numbers persistently in the red might force a company to turn to the capital markets for funds. Issuance of new stock would dilute earnings per share and could knock the share price. Ericsson, which made a net loss of 17.8 billion crowns in January-September, has staked annual bonuses for 3,000 managers on reaching positive cash flow for the year. The group earlier this year set about to cut its work force by one fifth as part of a plan aimed at annual savings of some 38 billion crowns from 2002. In a statement on Saturday, Ericsson said it had signed a sale-lease-back deal regarding software testing equipment at test plant sites in Sweden and in the United States. ``This set-up is another successful step in our efforts to release capital,'' Ericsson Chief Financial Officer Sten Fornell said in the statement. ``The transaction will be effective by year-end, and will improve the cash position of the group with approximately $750 million,'' Ericsson said. It did not say anything about the full-year 2001 cash flow. ``There will be no material impact on Ericsson's future net income,'' the company said, adding that staff at the test plants would not be affected. The sale-lease-back facility, arranged by a syndicate of financial institutions which Ericsson did not name, is latest in a series of deals announced this month by the electronics group. On Friday Ericsson said it had sold a property in central London to BP Plc for 117 million pounds ($169.4 million). It has earlier said it paid one billion crowns ($94.29 million) when it bought the 1 St. James's Square property in 1998. Other disposals announced recently by Ericsson include real estate in Sweden for an estimated $47-141 million, hardware to Compaq worth $140 million and 1.5 billion crowns worth of vendor loans, which the company said would boost its cash position by about $300 million.

To: Eric L who wrote (4907)	1/14/2002 8:15:19 AM
From: elmatador	Respond to of 5390

Sony Ericsson increases production. (See news below) We need to read this with a grain of salt. It can be that ERICY may be just trying to show that the market is hot. Why? No numbers. From which base they will ramp up? To how much? These are interesting figures I would like to read. Sony Ericsson increases production 09:05 Monday January 14, 2002, Telecom.paper The world third biggest handset manufacturer Sony Ericsson wants to increase its production in the current first quarter. Sony Ericsson could not handle the unexpectedly high Christmas demand in Northern Europe, Roger Bolander, sales manager for the region, said in an interview with the Swedish newspaper "Finanstidningen". In the passed years the forecasts were too optimistic and the market finally was not that hot. "Previous year it was the other way around, there we lost potential revenue." The demand is very high, especially for the models T65 and the T68 equipped with a colour display. Ericsson and the Japanese electronics company Sony had folded up their mobile handset sections in October 2001. The handsets are produced by Flextronics.

To: Eric L who wrote (4907)	1/16/2002 9:24:24 AM
From: elmatador	Read Replies (1) \| Respond to of 5390

Ericsson wins global Multimedia Messaging contract from Vodafone Ericsson has won its first global contract from Vodafone Group Plc ("Vodafone"), to supply Multimedia Messaging software. The companies have agreed a roll-out schedule that will see commercial availability of the service in Europe from the middle of this year. Vodafone will initially roll out Multimedia Messaging Services (MMS) in Germany, Greece, Ireland, Italy, The Netherlands, Portugal, Spain, Sweden and the United Kingdom, with services in a number of Vodafone operating companies to follow. The two companies have formed a global team to see the project through its aggressive roll-out. In each of these countries Ericsson will provide the network infrastructure to support MMS. Users will be able to experience the true capabilities of multimedia messaging, when using an MMS-enabled handset, commercially available from vendors, including Sony Ericsson, during 2002. "Colour pictures and sounds make Mobile Internet more personal, powerful and fun, and this is what MMS is about," says Kurt Hellström, President and CEO of Ericsson. "This significant contract to one of the world’s leading operators goes hand in hand with the solid development of GPRS services, bringing high-speed Mobile Internet services to the market. As the leading provider of mobile systems we will drive this market together with our partners." "MMS is an integral part of Vodafone’s messaging strategy. Our customers will soon be able to compose and send media rich messages to one another, as well as being able to choose to have value added messaging content delivered to their mobile devices. Vodafone believes the greater functionality of MMS will be the starting point of a broader customer experience which will pave the way for 3G usage," says Thomas Geitner, Chief Executive, Global Product and Services, Vodafone. "Our decision to choose Ericsson as Vodafone’s global supplier also demonstrates our ability to develop global service platforms once, creating cost synergies and seamless service access across our worldwide operators". MMS offers a dramatic increase in mobile-to-mobile messaging capabilities by enabling colour pictures, animations, audio and video clips to be sent along with text. This opens the door to content-rich applications and services such as electronic postcards, animated cartoons and multimedia presentations. Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at ericsson.com