Ericsson invests in Littauer Technologies Co. Ltd.Business Editors/Telecommunication Writers STOCKHOLM, Sweden--(BUSINESS WIRE)--Oct. 17, 2000 Ericsson (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ERICY) invests $36 million in the Korea-listed Littauer Technologies Co. Ltd. (KOSDAQ KOSDAQ Korean Securities Dealers Automated Quotations ). Littauer Technologies is the largest and most comprehensive e-business solutions provider and integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. in Asia. The company specializes in e-business solutions and infrastructure, Internet-enabling technologies and ad media and e-commerce. "Mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. is growing rapidly all over the world, and there are more mobile phones than personal computers in Asia," said Mr. Dennis Lui, Chief Executive Officer of Littauer Technologies. "We see enormous growth potential in the mobile Internet market here. With Ericsson's cutting edge in wireless technologies and products, we are highly confident that our strategic alliance will produce multiplying mul·ti·ply 1 v. mul·ti·plied, mul·ti·ply·ing, mul·ti·plies v.tr. 1. To increase the amount, number, or degree of. 2. Mathematics To perform multiplication on. positive effects in mobile Internet." Ericsson's investment in Littauer Technology will give Ericsson a stronger presence in Korea and strengthen its position on the Korean market. Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world. Read more at http://www.ericsson.com/pressroom About Littauer Technologies Co., Ltd. (KOSDAQ: 20860) Littauer Technologies is a leading e-business solutions provider listed in KOSDAQ. The group provides a complete "front to back" suite of innovative solutions and infrastructure to increase business performance, efficiency and value. The three core businesses are Internet Enabling Technologies, Business Solutions and Infrastructure, and Ad Media and E-Commerce. The major shareholders are the Littauer Investment, Hutchison Whampoa Hutchison Whampoa Limited or HWL (Traditional Chinese: 和記黃埔有限公司, HKSE: 0013 and other United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. based investors. |
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