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

To: Sawtooth who wrote (1436)	4/1/1998 10:04:00 PM
From: DWB	Read Replies (2) \| Respond to of 5390

Ericsson divests another non-core Infocom support business... STOCKHOLM -- Swedish telecommunications group AB LM Ericsson has signed a letter of intent to sell its logistics and distribution center in Huddinge outside Stockholm to Caterpillar Logistics Services Belgium NV. The move is in line with Ericsson's plans to streamline operations in its Infocom business area and the aim is to finalize the deal during spring 1998. The operations include goods handling, packing and storage for group companies as well as external customers. Ericsson said Caterpillar Logistics will take over existing operations and the 350 people employees at the operations.