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BUSINESS NEWS.(TO THE POINT)
TELECOM GEAR
Ericsson sees dark days ahead
The Swedish wireless gear maker said the ailing telecom industry is unlikely to recover next year. Ericsson could only give a "very, very early indication" for 2002, but saw "no clear signs of a recovery." Ericsson's U.S. shares fell 19% to 4.01, a 52-week low.
Nokia: Cell phone rollout on track
The Finnish wireless giant said it'll start selling GPRS handsets this month. Ericsson and Motorola already have 2.5-generation models, but Nokia's entry could jump-start sales, analysts said. Nokia and Ericsson both say 10 million GPRS phones will be sold this year. Nokia repeated that its long-term market share goal is 40%, despite a second-quarter slide. It expects a 35% share this year.
TECHNOLOGY
Motorola unveils fast-chip process
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