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

To: elmatador who wrote (2686)	1/31/1999 4:24:00 PM
From: Maurice Winn	Respond to of 5390

//NORTEL PULLS PLUG ON WLL PLANT In a shock move, Nortel has announced the closure of its Paignton, Devon manufacturing plant which is responsible for producing the Proximity I wireless local loop (WLL) products.// I suppose it was a TDMA WLL plant. Not surprising that Nortel would pull the plug on that when they are involved in Qualcomm's WLL. If it wasn't making money, then there is no point in keeping it going. If the future lies with CDMA, better get out sooner rather than later. Maurice