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

To: P2V who wrote (2232)	11/5/1998 9:14:00 PM
From: P2V	Read Replies (1) \| Respond to of 5390

'We're getting into a market that is completely different. The Internet is coming into almost every aspect of daily life,'' Sven-Christer Nilsson, chief executive at Ericsson, said recently. ''We're adjusting our strategies and organization to meet that.'' The European moves have imitated the aggressive acquisition and development strategies of their big North American rivals, Northern Telecom Ltd. and Lucent Technologies Inc., which themselves are trying to catch up with data equipment leaders like Cisco Systems Inc., 3Com Corp. and Ascend Communications Inc. More deals are expected, and promised, by Ericsson and Alcatel, but many analysts and industry executives caution that potential targets are getting scarce and that only a handful of companies may emerge as big convergence winners. ''They're trying to get the right products, but there are only a few people with the technology,'' said Stephen Koffler at Donaldson, Lufkin & Jenrette. iht.com