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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Peppe who wrote (10982)	4/26/1999 7:02:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 18016

**General News** Broadcom (BRCM:Nasdaq) set plans to buy fellow networking equipment maker Epigram for about $316 million. The company expects to use Epigram's technology to provide broadband access and high-speed connections between a variety of home electronics appliances. In an interview with Reuters after Ericsson's (ERICY:Nasdaq ADR) shareholders' conference, CEO Sven-Christer Nilsson said the Swedish company is ready to make a push for the pole position in the world mobile phone market. (Ericsson is currently the world's third-largest mobile-phone maker, behind Nokia (NOK:NYSE ADR) and Motorola (MOT:NYSE) .) Nilsson said that such a goal "will take some time," but that the company is ready to beef up with acquisitions. Nilsson also noted that Ericcson will likely eliminate as many as 11,600 jobs worldwide as part of its restructuring, up from the 10,000 job cuts that it estimated last year. Mexican telecom Telmex (TMX:NYSE ADR) is planning to issue debt on the international market to help it fund new acquisition opportunities, according to the newspaper Reforma, which cited Adolfo Cerezo, the company's financial director. TSC examined Telmex's capital structure in a recent article. Lucent Technologies (LU:NYSE) announced that it has inked a $150 million contract to expand Taiwan's KG Telecom's network.