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

To: P2V who wrote (1685)	5/29/1998 5:15:00 PM
From: DWB	Read Replies (2) \| Respond to of 5390

ERICY - Bay Networks rumors continue... news.com DWB

To: P2V who wrote (1685)	6/2/1998 8:47:00 AM
From: P2V	Respond to of 5390

RICSSON ACQUIRES GENERAL ELECTRIC'S INTEREST IN ERICSSON-GE MOBILE COMMUNICATIONS Ericsson Inc., the principal US subsidiary of Telefonaktiebolaget LM Ericsson, announced today that General Electric Company had sold the subsidiary that held GE's remaining interest in their mobile communications joint venture to Ericsson. In 1989, Ericsson and GE formed a joint venture to manufacture and distribute cellular telephones and related equipment, primarily in the United States and Canada, under the name Ericsson-GE Mobile Communications Inc. Ericsson had a 60 percent interest in the joint venture and GE had a 40 percent interest. In 1992, the joint venture was reorganized to reduce GE's interest to 20 percent of the voting stock. Ericsson retains the right to sell GE-branded mobile communication products through the year 2000. Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in wired and wireless networks, mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications. FOR FURTHER INFORMATION, PLEASE CONTACT Kathy Egan, Vice President, Communications, Ericsson Inc. Tel. +1 212 685 4030 ---------------------------------------------------------------- CHANGES TO YOUR SUBSCRIPTION? Cancel your subscription, or have this newsletter delivered to a different E-mail address? If so, just point your web browser at ericsson.se for more details.