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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Pullin-GS who wrote (16171)	6/18/1998 2:51:00 PM
From: drmorgan	Read Replies (1) \| Respond to of 22053

(bet I wish I held later this week).... Just make sure you get back in before the 24th!

To: Pullin-GS who wrote (16171)	6/18/1998 3:15:00 PM
From: Scrapps	Respond to of 22053

Ericsson In Talks To Take Over Ascend, Others By Eric C. Fleming, ZDNet Thursday June 18 2:35 PM ET Telefon AB L.M. Ericsson, the Swedish mobile communications giant, is reportedly in talks with networking equipment maker Ascend Communications Inc. to acquire the company and other networking companies, the Bloomberg news service reported, citing a person familiar with the deal. Ericsson wouldn't comment on other targets, and Ascend was unavailable for comment. Analysts have speculated that Ericsson is in the market for a networking player to broaden its product portfolio and gain access to the U.S. markets. Ascend and 3Com Corp. have been mentioned as targets. In a research report Tuesday, FAC Equities speculated that Ascend could be bought by Lucent Technologies Inc., which was in the running for Bay Networks Inc. Northern Telecom Ltd., agreeing to buy Bay Networks for $9.1 billion earlier this week, may have put other networking companies in play. Phone equipment makers, such as Lucent have been broadening their products and services into call centers and computer networking as many companies expand their corporate networks and move onto the Internet. Ericsson's motives to buy Ascend mirror Alcatel Alsthom SA's grab for DSC Communications Corp. for $4.4 billion: to gain access to U.S. markets and expansion of product line to include networking. Earlier this month, the Swedish company moved its data communications headquarters to Boston as it planned a larger role in the U.S. data networking market. In other news, Ericsson landed a $110 million contract with India's Srinivas Cellcom Ltd. to build that nation's largest phone network, covering 250 cities using GSM (Global Standard for Mobiles), a digital cellular phone technology that is widely deployed in Europe and throughout the world. Ericsson reported a 33 percent increase in profits to 1.8 billion kroner ($233 million) for its first quarter. Analysts were expecting a 69 percent gain to 2.2 billion kroner ($298 million). The Stockholm, Sweden-based company, known for its cell phone, is facing increasing competition for the mobile phone market from rivals Nokia Oyj in Finland, which just released a new line of phones, and U.S.-based Motorola Inc., which has suffered from a slump in chip prices. Ericsson can be reached at www.ericsson.com