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To: Glenn D. Rudolph who wrote (14605)	6/19/1998 7:02:00 AM
From: Zoltan!	Respond to of 77400

Ericsson discusses buyouts, says BAY deal a bad deal: Ericsson officials dismiss those rumors, and say they are more intent on pursuing less-expensive start-ups. "Recently, there have been big acquisitions in Silicon Valley that were overpriced," said Sven-Christer Nilsson, Ericsson's chief executive officer, referring to the 35% premium that Nortel agreed to pay for Bay. "We have certain acquisition targets, but the price has to be right," he added. Indeed, Ericsson officials confirm that the company had originally considered buying a part of Bay Networks, but Ericsson said that Bay didn't want to break up its business. The Swedish company abandoned the idea six weeks ago and, although it is talking with smaller companies, a big acquisition remains a possibility. interactive2.wsj.com