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To: Jim Fleming who wrote (24687)	3/22/1999 8:43:00 PM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 152472

Ericsson not ruling out deal with Cisco 07:14 AM ET 03/22/99 STOCKHOLM, March 22 (Reuters) - Telecoms group AB LM Ericsson would prefer to continue as an independent company, but was not ruling out other scenarios such as a merger with U.S. Cisco Systems Inc , a Swedish business magazine said. "I don't want to speculate, but one can't rule out any combinations. The only certain thing is that we can't afford to buy (Cisco), but they can buy us," Ericsson chairman Lars Ramqvist was quoted as saying in an interview with Veckans Affarer. "We would rather continue on our own, through adding data products to strengthen our position within mobile telecom....We can't rule out anything. There can be offers in the future that we will have to decide on." He declined to comment on whether the second half of the year would be better than the first half. "I can't say anything about that today. The only thing I know is that we will see some loss in the first half due to restructuring and launching new phones and other products," he told the magazine. ((Abigail Schmelz, Stockholm newsroom, +46-8-700 1003, fax +46-8-211601, stockholm.newsroom@reuters.com))