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To: kech who wrote (7476)1/23/1998 12:54:00 PM
From: waitwatchwander  Read Replies (2) | Respond to of 152472
 
Tom, There is an article on the forbes url that attempts to explain ERICY's past successes in these areas. I could only speculate as to it's validity. Here's an excerpt:

Along the way Ericsson has played rough. Ericsson is accused of winning contracts for telecommunications equipment with bribes in Greece, Iran, Italy, Zimbabwe and other countries. Ericsson's reply: All the accusations ultimately stem from one disgruntled Middle Eastern businessman who failed in an effort to help Ericsson land some financing, and who ended up in a payment dispute with the company. Still, several cases against Ericsson are proceeding: The Malaysian government, according to the Financial Times, is investigating whether Ericsson bypassed legal procedures for selling telecommunications equipment to Telekom Malaysia.

In the U.S. the fight is cleaner but just as vicious.

nf