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

To: P2V who wrote (1929)	8/19/1998 11:29:00 AM
From: Terry D	Respond to of 5390

Ericsson CEO Says Possible China Devaluation A Big Concern BUDAPEST - The Chief Executive of Swedish telecoms group Telefon AB LM Ericsson (ERICY) said Wednesday that a possible devaluation of the Chinese yuan 'is of the greatest concern' to Ericsson, which counts China as its single biggest market. Ericsson CEO Sven-Christer Nilsson made the remarks in response to a reporter's question at a news conference in Hungary. Ericsson's regional headquarters for Central and Eastern Europe are in Budapest. At the same time, Nilsson noted that Ericsson also has substantial domestic operations in China. 'From that point of view, I think we are well-guarded,' he said, adding that the precise impact of a yuan devaluation on various products and market segments remains unclear, which makes it 'difficult to comment' on the overall effect a devaluation would have. Despite devaluations in other Asian currencies that have weakened China's competitiveness, China has said repeatedly it has no plans to devalue its currency. Nilsson also said it is too early to say what the impact of Monday's devaluation of the Russian ruble will be on Ericsson, which has only a small percentage of its sales in Russia.

To: P2V who wrote (1929)	8/19/1998 8:15:00 PM
From: P2V	Respond to of 5390

Ericsson signs breakthrough ATM contract in China Ericsson has signed a datacom contract with Shandong Sanlian Electronic Information Co. Ltd. of Sanlian Group, a back-bone enterprise association in Shandong Province supported by the provincial government. The contract covers a complete ATM Metropolitan Area Network (MAN) for Jinan, the provincial capital, and when fully installed, will be one of China's largest data networks. The order is valued at USD 10 million (SEK 82 million). Ericsson's new ATM switching platform, AXD 301, will be installed in the core of the network, that will serve more than 50,000 users. Sanlian Group is a trans-regional and inter-trade commercial group with its business covering nearly 80 trades. "The order has been won in heavy competition from other datacom suppliers and proves Ericsson's capabilities in this area. We are also very excited that Ericsson has been selected to build up one of China's largest data networks. This is clearly a breakthrough for our new ATM switching platform," says Michael Thurk, Executive Vice President and head of business unit Datacom Networks & IP Services. "The network is going to be China's most powerful MAN," says Mr. Zhang Jisheng, President of Sanlian Group. "Ericsson has a very good technical solution and we are very impressed by the performance of the AXD 301. In choosing Ericsson, their global and local presence in Shandong was also an important factor." "Sanlian Group has once again chosen Ericsson, building on the successful bilateral cooperation that began last year," said Mr. Zhang Xingsheng, Executive Vice President of Ericsson China. "However, without doubt it is the excellent performance of Ericsson ATM equipment in Sanlian's trial system and the relationship built on trust that have played the decisive role in this contract." The network consists of 13 AXD 301s in a core ATM backbone, connecting some 2,000 access nodes over high-speed (622 Mbits/s) fiber. Ericsson is using LAN- technology supplied from Bay Networks. The network will have a large number of services, such LAN-interconnect, video-on-demand, IP-telephony, Internet Access, E-mail and video broadcast. Installation, scheduled to begin in November of this year, will be phased. The first phase will be completed and providing full services in December and the entire network is expected to be in place by the first half of 1999. China is Ericsson's largest market globally. Ericsson China has more than 3,500 employees, 23 offices in different parts of the country and 8 joint ventures that provide a full range of communications solutions and services. 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. FOR FURTHER INFORMATION, PLEASE CONTACT Mr. Zhang Xingsheng, Executive Vice President and General Manager Region North, Ericsson China Phone: +86 10 6561 9988 Ms. Tu Min, Manager Business Development & Communications Region North, Ericsson China Phone: +86 10 6561 9988 Mr. Li Hongming, General Manager Ericsson Shandong Office, Region North, Ericsson China Phone: +86 531 6013388 Mr. Mark Tian, Press Officer Business Development & Communications Ericsson China Phone: +86 10 6463 2288 Lars ™stlund, Press Relations Manager, Ericsson Infocom Systems Phone: +46 8 681 26 56, E-mail lars.ostlund@etx.ericsson.se

To: P2V who wrote (1929)	8/19/1998 8:17:00 PM
From: P2V	Read Replies (1) \| Respond to of 5390

Ericsson presents a new IT and Internet product Ericsson presents a new IT and Internet product for multimedia communication in connection to Expo '98 in Lisbon. The product, Instant Recording Internet Solution (IRIS), offers the ability to capture, document & communicate a full multimedia production of seminars, meetings, conferences or lectures in real time via a PC, using multiple cameras. A live movie of a speaker can be viewed interactively with flipping images from an overhead projector, a whiteboard or from a PC Power Point presentation, all on the same screen. The complete production of the meeting can be stored on a hard disk or sent in real time to a host server. The information can then be retrieved on demand or distributed live throughout the Internet or through a corporate Intranet. It is also possible to simply take the complete presentation and download it on a CD and/or have it sent as an e-mail to your PC to be waiting for you when you get back. The system saves costs and time. It is extremely easy to operate and needs no expert knowledge. The stored production is played back simply by the touch of a button. This product will be used in the unique setting of the Swedish Pavilion at EXPO'98 in Lisbon. Ericsson has, together with Telia, Audicom, Senab LF, Aff„rskraft and Dataton, formed a partnership called the Spring Group which will be holding international seminars between 24-27 August 1998. The seminars will focus on how businesses and communication can be developed by: - using more effective ways of working; - adopting future technologies and - running successful partnerships between small and large companies on and equal basis. The seminars will be recorded and IRIS enables them to be viewed on the Internet. 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. FOR FURTHER INFORMATION, PLEASE CONTACT Kristoffer Nyberg, Innovation Management, Strategic Business Development, Ericsson Radio Systems Phone: +46 8 757 24 97, E-mail: kristoffer.nyberg@era.ericsson.se Erik Frisell, President at Audicom (reseller) Phone: +46 8 649 19 00. More information on the seminars can be found on the Spring Group home page, audicom.com or by contacting: Tim Gleeson, Ericsson business unit, Public Networks Phone: +46 8 71 90 811