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

To: Jim Oravetz who wrote (4981)	4/2/2002 12:56:05 PM
From: slacker711	Read Replies (1) \| Respond to of 5390

Now that most wealthy Chinese have a handset, the two biggest mobile-phone operators in China are holding down costs so they can cut subscription rates and attract less-affluent customers. Typical journalism....while this might eventually be true, he left out the fact that January and February new sub numbers from China were very strong. The benchmark for new sub growth in China seems to be about 5 million a month....and both months exceeded that number. I hate it when journalists dont put facts in their article that disagree with their thesis. If China adds 60 million subs this year, those capex numbers are going to have to go back up. Slacker

To: Jim Oravetz who wrote (4981)	4/11/2002 12:25:46 PM
From: Jim Oravetz	Respond to of 5390

Ericsson/Job Cuts -3: Follows Other Cost Reductions DOW JONES NEWSWIRES Ericsson, the world's largest manufacturer of equipment for mobile-telephone networks, eliminated or outsourced nearly 20,000 jobs last year, as sales fell 11%. It also spun off its loss-making mobile-phone operations into a joint venture with Sony Corp. (SNE). Ericsson had a 2001 net loss of SEK21.1 billion, its first-ever full-year loss. It had 85,198 employees at the end of 2001. It in February announced the elimination of 300 development jobs in Norway. Lindskog said the company has also cut development jobs in the U.S., the U.K. and Denmark. At 1420 GMT, Ericsson shares were down SEK0.40, or 1.0%, at SEK39.70.