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To: zbyslaw owczarczyk who wrote (10851)	4/16/1999 1:20:00 PM
From: zbyslaw owczarczyk	Respond to of 18016

This report about ERICY may be pertinent to FORE, but not NN. NN will to great ,as an independent company. biz.yahoo.com Zbyslaw STOCKHOLM, April 15 (Reuters) - Swedish telecoms equipment maker Ericsson, hot on the acquisition trail, said it could borrow 15 billion crowns ($1.82 billion) for further purchases, Swedish daily FinansTidningen said on Thursday. ''We can borrow a further 15 billion crowns without having to make a new stock issue as long as we keep an equity assets ratio of 35 percent,'' Ericsson group controller Johan Fant was quoted as telling business newspaper FinansTidningen. Ericsson spent almost $500 million in cash on Tuesday in acquiring U.S. Internet-based datacom companies Torrent Networking Technologies and TouchWave Inc and it said it was not ruling out larger acquisitions in the same area. Fant said Tuesday's near $500 million acquisitions were financed through loans rather than from internal resources, the daily reported. FinansTidningen said Ericsson was suffering from weak cash flow partly because its new mobile phone models had not yet reached the market, depressing profitability in that segment. Ericsson is due to launch new phones in the second quarter of the year. ''We're studying several ways to free capital. One way is to sell holdings that don't form part of Ericsson's core operations. We saw that for example last year,'' Fant said. Fant said another way to free capital was to stop customers delaying payments to Ericsson. ($1 equals 8.2630 Swedish Crown) Related News Categories: computers, telecom, US Market News Help Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information.