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

To: Jim Oravetz who wrote (5249)	9/27/2005 11:28:24 PM
From: elmatador	Respond to of 5390

A New Wireless Order Nokia and others are starting to turn out phones that switch easily between various technologies Message 21742806

To: Jim Oravetz who wrote (5249)	10/9/2005 1:36:10 PM
From: elmatador	Respond to of 5390

Ericsson in talks to buy Marconi -sources The Financial Mail newspaper said in an unsourced report on Sunday that Ericsson saw a total valuation for Marconi of up to 1.3 billion pounds, roughly twice its current market value Sun Oct 9, 2005 4:51 PM BST Printer Friendly \| Email Article \| RSS LONDON (Reuters) - Swedish telecoms equipment maker Ericsson (ERICb.ST: Quote, Profile, Research) is in talks to buy rival Marconi (MONI.L: Quote, Profile, Research) and a deal could be announced within weeks, people familiar with the negotiations said on Sunday. The Financial Mail newspaper said in an unsourced report on Sunday that Ericsson saw a total valuation for Marconi of up to 1.3 billion pounds, roughly twice its current market value. Marconi, which nearly collapsed in the 2001 telecoms industry meltdown, declined to comment. Marconi received a major blow in April after BT Group (BT.L: Quote, Profile, Research) cut the group out of its 10 billion-pound network upgrade plan. It has since announced plans to cut 800 jobs and promised to look at all of its strategic options. The possible deal comes amid a flurry of activity in the telecoms sector as chief executives get back into buying mode after years of restructuring. Last week, British cable operator NTL (NTLI.O: Quote, Profile, Research) agreed to a long-awaited deal to buy smaller rival Telewest (TLWT.O: Quote, Profile, Research) for $6 billion (3.4 billion pounds). In July, France Telecom (FTE.PA: Quote, Profile, Research) grabbed control of Amena in a deal valuing Spain's third-ranked mobile phone group at 10.6 billion euros (6.8 billion pounds). The Financial Mail said the possible Ericsson-Marconi deal was put together with investment banks Morgan Stanley, JP Morgan and Lazard advising Marconi, while Enskilda acted for Ericsson. A report in the Observer newspaper said British parliamentarians were demanding that the government intervene in a possible bid for Marconi by China's Huawei Technologies (HWT.UL: Quote, Profile, Research), due to fears that the company was too closely associated with the Chinese government.

To: Jim Oravetz who wrote (5249)	10/18/2005 12:45:44 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 5390

Sony Ericsson's Net Rises 16%,Buoyed by New Product Sales By MAGNUS HANSSON DOW JONES NEWSWIRES October 18, 2005 STOCKHOLM -- Sony Ericsson Monday said net profit advanced 16% in the third quarter as new product launches, including the Walkman music phone, helped boost the mobile-phone maker's sales. The company, a joint venture of Sweden's Telefon AB LM Ericsson and Japan's Sony Corp., said net profit rose to €104 million ($124.7 million) in the quarter from €90 million in the year-earlier period. Sales rose 22% to €2.06 billion from €1.68 billion. Sony Ericsson sold 13.8 million mobile phones, up 29%, buoyed by the K750 camera phone and the high-end W800 Walkman handset. Earlier in 2005, earnings had been hit as Sony Ericsson suffered from a lackluster range of handsets and higher spending to develop new models. "This has been a good quarter for Sony Ericsson, proving that our strategy of expanding the product portfolio upward...is paying off," Miles Flint, president of Sony Ericsson, said in a statement. In the period, Sony Ericsson's average selling price -- a key benchmark for financial analysts -- fell to around €149 from €157. The ASP recovered from the €137 mark seen in the first and second quarters of this year thanks to sales of the K750 and the W800. The pretax profit margin of 7.3%, while down from a high of 8.1% a year earlier, still represented a recovery from the 5.4% seen in both the first and second quarters of 2005. Sony Ericsson increased its market forecast for all of 2005 to over 760 million handsets sold, up from 720 million previously. Rival Samsung Electronics last week increased its 2005 prediction to the same level.