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

To: Mika Kukkanen who wrote (3230)	5/17/1999 8:33:00 AM
From: Maurice Winn	Respond to of 5390

//Ericsson will be offering 3G systems based on WCDMA, cdma2000,...// Still waiting to see if W-CDMA is anything other than cdma2000 with knobs on. Any decision on the chip rate yet? Coding? Synchronisation? The answer is going to be fun. Maurice PS: ElMatador gets a few things wrong. He thinks Asia is all mud with not enough soil strength to hold up a pole. I wonder how he thinks the Malaysia twin towers stay upright [the two tallest buildings on earth].

To: Mika Kukkanen who wrote (3230)	5/19/1999 6:48:00 AM
From: elmatador	Read Replies (1) \| Respond to of 5390

Ericsson Merger Talk, Spanish Deal Fuel Nortel Stock 06:44 p.m May 18, 1999 Eastern TORONTO (Reuters) - Shares in Nortel Networks Corp. surged Tuesday on unsubstantiated market chatter that Sweden's Telefon AB L.M. Ericsson was interested in acquiring it or perhaps taking a stake. News of a small Spanish contract for the company's Internet products also helped. Both Nortel and Ericsson refused to comment on the market rumors. On the Toronto Stock Exchange, Nortel surged to C$113.25 early in the day, edging closer to a 52-week record of C$114 before settling back. The stock closed up C3.20 at C$110.10 on volume of more than 1.8 million shares. On the New York Stock Exchange, the stock rose $1.75 to $75 in composite trading. When asked about the gossip, Nortel spokesman Jeff Ferry said: ''We never comment on rumors.'' In Stockholm, Ericsson spokeswoman Pia Gideon told Reuters that the takeover-minded company would not comment on such rumors. ''What we've said is that our acquisition strategy is to focus on companies that complement our own technology rather than add market share.'' Last month Ericsson said it did not rule out making large acquisitions in the data networks area. North American analysts were split on what was causing the rise in Nortel shares Tuesday. Analysts, who declined to be identified, said an unsubstantiated rumor that Ericsson had expressed an interest in Nortel was making the rounds. Combined, the two would make a formidable force but Ericsson would have a difficult time swallowing the elephantine Nortel, they added. Analyst Robert Wilkes, at Brown Brothers Harriman, credited the Nortel rise to Tuesday's news that the Spanish unit of British Telecommunications Plc will create a nationwide Internet telephony and multimedia network using Nortel technology. Terms were not disclosed but observers said the deal was probably worth about $40 million. Wilkes said the wider implications of the agreement -- that the melding of voice, video and data over the same line was creeping closer to everyday use -- were prompting Nortel's price rise. ''I think the announcement of the Internet telephony and multimedia network in BT's Spanish subsidiary is probably a plus. Not necessarily so much because of the dollar amount ... but I think investors could be potentially taking it as a signal that Internet telephony and multimedia is moving a step closer to mainstream,'' Wilkes said.