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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: TideGlider who wrote (48854)	6/17/1998 9:27:00 AM
From: Neil H	Read Replies (3) \| Respond to of 61433

Maybe Erickson will bid for Ascend. This from a Swedish paper> Ericsson to catch Internet wave Helen Ahlbom Major changes are in store for telecommunications equipment manufacturer Ericsson, according to chief executive Sven-Christer Nilsson. A new corporate organization will be announced in the fall, as well as a decision about the location of the company's headquarters. "We are about to enter an entirely new world. Internet will be a part of everything we do in the future," says Mr. Nilsson. And Nilsson is convinced that Ericsson will be one of the leaders in the field. "We have learned to sail before, and we can do it again," Nilsson said at a conference held in the Stockholm archipelago over the weekend. His conviction that Ericsson will be able to catch the Internet wave is based on the company's historical succcess in making similar technological transitions: from analog to digital telephone exchanges, for example, and from fixed to mobile telephones. Acquisitions to come Nilsson does not wish to discuss which new companies and partners will comprise Ericsson's crew when it blasts off into Cyberspace. Instead, he reiterates that Ericasson needs to complement its competence in data communications, and expresses displeasure about speculation in the press about which computer firm Ericsson will eventually acquire. Nilsson denies speculation in the press that Ericsson's board of directors has tied his hands by opposing a deal which would require a stock payment. "There is absolutely no resistance of that sort," says Nilsson. Nilsson says that computer firm Jurie, which was acquired by competitor Lucent recently for USD 1 billion, would not have provided value for money. "I spoke with Jurie a half year ago but the price was too high. Just think how many engineers we could employ for USD 1 billion," comments Ericsson's Gunnar Wranne, in charge of acquisitions and alliances in the computer sector. All aboard the Internet Sven-Eric Nilsson says Internet telephoney will be a new market for Ericsson. He expects this market to grow by 150 percent per year and be worth up to SEK 80 billion by the year 2000. "We will take a significant part of that market," says the Ericsson chief executive. Copyright c Dagens Industri 1997/98 Regards Neil