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

To: DWB who wrote (1421)	3/31/1998 9:30:00 AM
From: DWB	Respond to of 5390

Slow down, what slow down? STOCKHOLM -- Swedish telecommunications group LM Ericsson AB (ERICY) should be able to sell for around SEK1 billion per working day in 1998, Ericsson's Chairman Lars Ramqvist said at the company's annual general meeting Monday night. That would mean a rise of around 43% to SEK240 billion from the SEK168 billion in sales reached in 1997. At the annual general meeting, Lars Ramqvist was formerly elected chairman where he replaced Bjoern Svedberg. Sven-Christer Nilsson replaced Ramqvist as chief executive. Also, Johan Siberg was appointed the new executive vice president of Ericsson. Siberg will retain his positions as head of Business Area Mobile Phones and Terminals and president of Ericsson Mobile Communications AB. Ericsson's Chairman Lars Ramqvist sees sales at SEK1 billion per working day in 1998