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

To: P2V who wrote (2239)	11/7/1998 11:30:00 PM
From: P2V	Respond to of 5390

Ericsson-Hewlett-Packard,Cap Gemini Sign Deal STOCKHOLM (Reuters) - Ericsson Hewlett-Packard Telecommunications AB, a joint venture between Sweden's Ericsson and U.S. computer giant Hewlett-Packard said on Friday it had signed a cooperation deal with Dutch software firm Cap Gemini. The deal will give Cap Gemini the right to use globally Ericsson Hewlett-Packard's (EHPT) products as part of its own systems portfolio, a statement from EHPT said. ''For EHPT the deal will mean increased opportunities to distribute its applications to telecom operators around the world and will strengthen EHPT's position as an independent software deliverer, '' EHPT said. Initially the deal will involve EHPT's business areas Processor, Settler and BMP systems. Ericsson owns 60 percent of EHPT while the rest is held by Hewlett-Packard. Ericsson shares were trading 1.5 crowns higher at 183.5 crowns by 1210 GMT. Cap Gemini NV is majority owned by Cap Gemini SA of France.