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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (32904)	5/2/2003 11:23:38 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Putting all world's economy eggs in a single basket US, does not good to anyone. Global: Ericsson Laments State of US Market WMRC May 02, 2003 Loss-making Ericsson, the world's leading supplier of mobile networks, has highlighted its concern about market conditions in the US. Ericsson's US chief Urban Gillstrom told Sweden's Dagens Industri that he believes the US market to be 'at a standstill just now'. Explaining his anxieties, Gillstrom continued by citing as outdated official market studies calculating US unit sales of between 90m and 95m for 2003 - Ericsson now considers 88m a more likely figure. The first three months of 2003 saw fewer US phone sales than in Q1 2002 and Gillstrom refused to clarify his firm's market share in the US, save suggesting it is on a par with its world market share, which is 6%. Without elaborating on Ericsson's current share of the code division multiple access (CDMA) market, Gillstrom underlined the company's commitment to doubling its present slice. Sony Ericsson has previously stated its aim to become the world's leading handset maker by 2006, but a recent 28% drop in year-on-year sales has borne out its admission in February 2003 that this target was too optimistic. We have to have the world's wealth spread more even.