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

To: Alex who wrote (1481)	4/14/1998 10:58:00 AM
From: Paul Shread	Read Replies (2) \| Respond to of 5390

Ericsson 1-For-1 Bonus Issue - New Conversion Price for Ericsson American Depositary Debentures NEW YORK--(BUSINESS WIRE)--April 13, 1998--Details of the LM Ericsson (NASDAQ:ERICY) 1-for-1 bonus stock issue approved March 30, 1998 are announced today. ADR holders will receive a stock distribution of one new share for each existing American Depositary Share. The bonus issue will not effect the par value of shares. The record date for the bonus issue will be May 27, 1998. The ex-date will be May 22, 1998. The payable date will be May 29, 1998. As a result of the bonus issue, the conversion price of Ericsson's American Depositary Debenture (ADD) (NASDAQ:ERICZ) has changed. A holder wishing to convert ADDs into B Shares or American Depositary Shares (ADS) will be required to deliver 3.61 ADDs to receive one B share or one ADS (representing one B Share). Previously, a holder wishing to convert ADDs into B shares or ADSs was required to deliver 7.21 ADDs to receive one B share or one ADS. Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks, mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications. CONTACT: Margo Tighe Investor Relations 212/685-4030 KEYWORD: NEW YORK BW1352 APR 13,1998