InterDigital Inc (IDCC)

[nieves]

Ericsson, Sony Pony Up Again



RELATED SYMBOLS: (NOK)(SNE)(SI)(ERICD)(MOT)

Jan 30, 2003 (Communications Today/PBI Media via COMTEX) -- Will the companies
behind Sony Ericsson Mobile Communications really mean it the next time they say
they're not pumping any more money into their joint venture? After each company
hinted in the second half of 2002 that they were unlikely to target additional
funding for Sony Ericsson Mobile, Ericsson [Nasdaq: ERICY] and Sony [NYSE: SNE]
on Wednesday revealed that each will add another 150 million euros ($162
million) to the company they launched in the second half of 2001. Sony, for its
part, also reiterated that it expects the venture to reach profitability this
year.

While Sony Ericsson Mobile was launched with expectations to challenge Nokia
[NYSE: NOK] for the top spot in handset sales, the venture has struggled to gain
traction in the marketplace and trails Motorola [NYSE: MOT], Samsung and Siemens
[NYSE: SI] as well as Nokia. The venture reported it shipped 7.1 million units
in the forth quarter, up 4 percent from a year earlier. Net sales for the
quarter were 1.235 million euros ($1.338 million), 18 percent better than the
October-December period in 2001. It reported a net loss of 69 million euros ($75
million), down slightly from 70 million euros ($76 million) a year earlier. For
more on other hot topics within the wireless sector, be sure to read the latest
edition of Wireless Data News. For subscription information, visit the
"newsstand" at www.TelecomWeb.com.

[Copyright 2003 PBI Media, LLC. All rights reserved.]

Communications Today, Vol. 9, No. 19 [Copyright 2003 PBI Media, LLC. All rights
reserved.]



Copyright 2003 PBI Media, LLC. All rights reserved.

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(Wall Street)





Daniel Nieves