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

To: Sawtooth who wrote (1742)	6/19/1998 2:20:00 PM
From: Alex	Read Replies (1) \| Respond to of 5390

Ericsson Signs $270 Million Agreement in Belgium for GSM 1800 Wireless Network STOCKHOLM, Sweden--(BUSINESS WIRE)--June 19, 1998--Ericsson and KPN Orange Belgium have signed an agreement for a GSM 1800 network in Belgium. The five-year framework agreement is estimated to be worth $270 million. Ericsson's GSM 1800 solutions will enable KPN Orange to offer highly efficient coverage solutions and new service differentiators, such as EFR (Enhanced Full Rate) for outstanding speech quality. KPN Orange has scheduled commercial operation in April 1999. KPN Orange Belgium chose Ericsson as the sole supplier for switching and base station subsystems. Ericsson will deliver a turnkey solution for GSM 1800, including AXE switching, base stations and transport solutions based on MINI-LINK microwave and Ericsson DXX cross connect solutions. KPN Orange Belgium was today awarded Belgiums third GSM license. KPN Orange Belgium is a Belgian consortium formed through a 50/50 joint venture between the leading Dutch telecom operator KPN nv and Orange plc, the UKs fastest growing mobile phone company. Both KPN and Orange have wide international experience and have built mobile networks in several countries. Tom van Heesch, Chief Executive Officer of KPN Orange Belgium, comments, ''We have the ambition to build one of the most advanced mobile networks in the world, using state-of-the-art technology to guarantee a quality of coverage and a capacity of calls that are unprecedented by any other existing network. We are convinced that Ericsson is an excellent partner to help us to achieve this and therefore we are very pleased to select them as our infrastructure vendor.'' GSM is the world's most widely deployed digital wireless communications standard. Ericsson is the market leader in GSM worldwide, with almost half the world's 90 million GSM subscribers connected by Ericsson systems. Some 115 operators in more than 60 countries rely on Ericsson's GSM systems. At present Belgium has 1,250,000 mobile phone users, a penetration of 12.5 per cent. Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks, mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications. Contact: KATHY EGAN PER BENGTSSON 212 685-4030

To: Sawtooth who wrote (1742)	6/19/1998 2:20:00 PM
From: Paul Shread	Read Replies (1) \| Respond to of 5390

My guess is it's either Asia or lingering concern that they will overpay for a networker (or both). The news out of Japan that they will wait until July to announce details of the stimulus package looks like more stalling and could send markets plummeting on Monday. I had an order in to buy some ERICY at 25 5/8 but canceled it; it seems to have support there but I'm not ready to test that theory. The action's been too volatile to call a bottom yet, IMO. The market may be waiting to see what ERICY does before stability resumes. Great company, though. I guess one plus is it's no more expensive than NT is now, after it bought BAY, if I'm not mistaken. Good luck. Paul