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To: Caxton Rhodes who wrote (24771)	3/23/1999 1:26:00 PM
From: Ruffian	Read Replies (2) \| Respond to of 152472

Sven Speaks> Ericsson's CEO Sven-Christer Nilsson said during his speech at the Annual General Meeting: ''Ericsson is in an exciting period. 1999 is not a harvest year but a year in which we are preparing ourselves. And we are well positioned for the next phase of development. ''We recently presented an entirely new portfolio of mobile telephones. We are equipped to strengthen our position. Our technological leadership in 3G, which is the first generation of a true mobile Internet, is unchallenged. We have led this development. ''In connection with the annual results we announced an expectation of lower results for the first six months of 1999. I can confirm this and particularly in connection with the first quarter. The increase in sales has slowed at the same time as costs for restructuring have appeared. At the same time it is important to note that the first quarter is often a poor indicator for the balance of the year. ''This shift in technology and development will be as extensive for man as when the telephone became generally available. It involves the mobile Internet, an area in which Ericsson has unique strength. We are the world leader in mobility. We already have 6 test systems in operation and we received the first order in the world for a so-called packet-data GPRS. ''Our long-term goal in this 3G market is to post higher growth than the market as a whole. Accordingly, our objective is to grow by at least 20 percent.'' The complete speech will be found at ericsson.se.

To: Caxton Rhodes who wrote (24771)	3/23/1999 1:38:00 PM
From: bananawind	Read Replies (1) \| Respond to of 152472

Caxton, My guess is that infrastructure had been losing as much as $100 million per year until the recent downsizing/reorg. That would work out to about $.85 per share after-tax on 75 million fully diluted shares. Management has said the division will be operating at break even by the end of the fiscal year, so I would guess the 1999 FY figure to be somewhat lower. That was based on firm orders at the time of the reorg, so if orders have strengthened since then the impact might be substantially less. Gregg will no doubt have more accurate figures. Best regards, Jim