InterDigital Inc (IDCC)

[F6]

(COMTEX) B: Ericsson to halve its cash reserves during 2003

Jan 08, 2003 (NORDIC BUSINESS REPORT via COMTEX) -- Swedish telecomms solutions
provider Ericsson has reportedly said that it would halve its cash reserves
during the year 2003 due to expenditures of EUR3.8bn.

The largest single expenditure during the year was said to be a loan payment of
EUR2.4bn. Ericsson would also have costs of EUR1.3bn due to re-organising of the
company.

According to the Swedish newspaper Dagens Industri, Ericsson said that its
financial situation was stable despite the upcoming costs.

One euro (EUR) is worth approximately 0.65 British pounds (GBP).

(C)1998-2003 M2 COMMUNICATIONS LTD http://www.m2.com

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