Tuesday, November 22, 2005

Ericsson's next target: UTStarcom or Harbor Networks?

From China View:

"Market analysts predict either UTStarcom Inc. or Harbor Networks Holdings Limited may be the next acquisition target for Ericsson AB, following the Swedish telecom giant's latest buy into UK-based Marconi Corporation Plc.

The forecast, cited by today's China Business News (CBN), came after Ericsson's President and chief executive officer, Carl-Henric Svanberg, revealed last Friday in South China's Guangzhou city that his company is engaged in talks concerning an acquisition in China."

Ericsson Plans $1B Investment in China