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To: Paul Engel who wrote (55910)	5/21/1998 3:09:00 AM
From: Barry Grossman	Read Replies (1) \| Respond to of 186894

Paul and all, biz.yahoo.com Silicon Valley on Ericsson's shopping list By Mark Bendeich MELBOURNE, May 21 (Reuters) - Swedish telecommunications giant Ericsson on Thursday signalled interest in acquisitions in Silicon Valley to stay ahead of the mobile communications revolution. Ericsson chief executive Sven-Christer Nilsson said he was looking at selected takeovers as well as alliances to expand on its own efforts to merge mobile telephony and computing. ''We are looking for small and medium sized companies that we can acquire in full or in part,'' Nilsson told reporters during a visit to Australia. ''We're looking for good acquisitions wherever they are and it happens to be today that the drive for the development in this area is located in the United States in Silicon Valley,'' he added. Ericsson is working with others in the telecommunications and computer industries to introduce a technology to allow seamless communications between mobile phones and computers. On Wednesday, Ericsson, Japan's Toshiba Corp (6502.T), Finland's Nokia (NOKSa.HE) and U.S.-based Intel Corp (INTC - news) and IBM (IBM - news) revealed a new ''open'' standard, ''Bluetooth,'' they hope will revolutionise communications on the move. Telecom analysts described the news as a leap ahead for convergence between the communications and computer industries. Bluetooth uses short-range radio signals to connect devices -- eliminating cables and problems with compatibility. ''This will be the standard for device-to-device communications in the mobile field,'' Nilsson said. It aims to allow the user to receive e-mail via their mobile phone, even while their portable computer is in its case. When the PC receives an e-mail message, an alert will sound on the mobile phone. It is then possible to browse incoming e-mails immediately, reading the contents on the phone's display screen. eyeing software companies that are developing applications for this new age of mobile communications, a company source said. ''Through a combination of organic growth, selected acquisitions and partnerships with independent companies, Ericsson is focused on becoming a full service provider to the newly converged industry,'' Nilsson said. ''Our strategy is to enhance our ability to partner with companies in this new world and provide our customers with the best possible service into and throughout the next millennium.'' Nilsson took the reins of Ericsson in January and is touring its businesses and staff in Australia, New Zealand and China. He would not predict the impact of Asia's economic downturn on Ericsson's profits, but said similar crises in Latin American markets had resolved themselves in about two years. In any case, he added, growth in China, Taiwan and Japan was offsetting sales declines in other parts of the region. ------------------- Barry