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

To: DWB who wrote (1416)	3/30/1998 3:32:00 PM
From: vpelt	Read Replies (1) \| Respond to of 5390

To All: FYI Subject: ANNUAL GENERAL MEETING OF TELEFONAKTIEBOLAGET L M ERICSSON Date: 30 Mar 1998 17:09:19 -0000 From: alias@www.ericsson.nl Reply-To: pressmailer@www.ericsson.nl To: press-releases@www.ericsson.nl ANNUAL GENERAL MEETING OF TELEFONAKTIEBOLAGET L M ERICSSON The Annual General Meeting of Telefonaktiebolaget LM Ericsson was held on Monday March 30, in Stockholm The Company's and the group's income statements and balance sheets were adopted and the Board of Directors and the President were discharged from liability for the fiscal year 1997. The Meeting approved a dividend of SEK 3.50 per share, a raise of 40 percent. Shareholders who are recorded in the share register on the record date, April 2, 1998, are entitled to receive dividend, which is expected to be paid on April 9, 1998. The Meeting also approved a bonus issue, whereby one new A- and B-share will be received for each old A- and B-share, respectively. The record day for the bonus issue is May 27, 1998. The Meeting also decided to change the Articles of Association whereby the capital stock amount limits are changed to minimum SEK 2,000m. and maximum SEK 8,000m. The following Directors of the Board were re-elected; Bo Berggren, Tom Hedelius, Sverker Martin-L”f, Lars-Eric Petersson, Lars Ramqvist, Clas Reuterski”ld, Peter Sutherland, Marcus Wallenberg and Sven grup. Bj”rn Svedberg had declined re-election. Sven Christer Nilsson was elected new director of the Board. At the statutory meeting of the Board of Directors following the Annual General Meeting, Lars Ramqvist was elected Chairman. Tom Hedelius and Marcus Wallenberg were elected Vice Chairmen. Carl-Eric Bohlin, Olof Herolf and Tomas Thies were re-elected to serve as auditors. FOR FURTHER INFORMATION, PLEASE CONTACT Lars A. St†lberg, Senior Vice President, Corporate Relations Tel. +46 8 719 3162, +46 70 555 6066

To: DWB who wrote (1416)	3/30/1998 5:50:00 PM
From: Diogeron	Read Replies (1) \| Respond to of 5390

Monday March 30, 1:16 pm Eastern Time Ericsson says E.Europe growth to offset weak Asia STOCKHOLM, March 30 (Reuters) - Outgoing chief executive of Swedish telecoms group Ericsson AB (LMEb.ST) , Lars Ramqvist, said on Monday that growth in eastern Europe would offset weakness in Asian markets. Speaking at the company's annual general meeting, Ramqvist said markets in eastern Europe were developing very well. ''It will certainly offset the weakness in Asia,'' Ramqvist said. However he said Ericsson's markets in Asia had been relatively good. "Even today it is going quite well for us in Asia," he said.