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

To: jttmab who wrote (1732)	6/17/1998 2:27:00 PM
From: George Sepetjian	Read Replies (1) \| Respond to of 5390

Glad to see I'm rong. The latest on Ericy & Ascend: Sweden's Ericsson Could Seek to Acquire Ascend, Analysts Say Stockholm, June 17 (Bloomberg) -- Ericsson AB, a Swedish telecommunications equipment maker, may acquire Ascend Communications Inc. as the U.S. computer-networking company is one of the few strategic acquisition targets left for Ericsson after Canadian phone-equipment maker Northern Telecom Ltd. agreed to buy Bay Networks Inc., newspaper Dagens Industri said, citing analysts. ''Ericsson should make a bigger acquisition to stay on the U.S. map -- Ascend is its last chance,'' said Anders Elgemyr, an analyst at Fischer Partners. ''But if Bay was too expensive, (Ericsson) probably thinks Ascend is too.'' Ascend's market capitalization is about 80 billion kronor ($10 billion), while Bay's market value is about 55 billion kronor, the paper said. With operations in data and telecommunications becoming integrated, Ericsson Chief Executive Sven-Christer Nilsson has said he expects to make acquisitions in the data communications industry in the year ahead, citing small or medium-sized U.S. data companies as the most likely targets. (Dagens Industri 6/17 9 www.di.se) c Copyright 1998, Bloomberg L.P. All Rights Reserved.