... is a call that will bolster Flextronics

Article Abstract:

Telefon AB L.M. Ericsson has announced that it is contracting Flextronics International to make almost all its cellular telephones. Flextronics chief Michael Marks estimates that the deal will exceed it's $30 billion contract with Motorola. Flextronics has gone from poor to annual revenue of $100 million in the last decade through astute acquisitions and a Singapore address for a 12% tax rate.

Sweden, Singapore, Services information, Cellular Mobile Tel Equip, Management, Wireless telephones, Contracts, Cellular telephone equipment industry, Telefonaktiebolaget LM Ericsson, FLEX, Marks, Michael, Flextronics International Ltd.

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GM's Hughes offers rescue to ICO system

Article Abstract:

General Motors Corporation's unit, Hughes Electronics Corporation, along with other investors, has offered to aid the foundering ICO Global Communications Ltd. The London-based ICO Global, a satellite communications firm, has been suffering from a steady loss of investor support of its mobile telephone systems. This is partially due to the financial default of Motorola Incorporated's Iridium L.L.C.'s low-earth orbit satellite system. Hughes, holding a four percent stake in ICO Global, has offered to invest as much as $600 million in addition to the $94 million it already has invested.

United Kingdom, Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Telephone communications, exc. radio, Satellite Communications, Satellite Telecommunications, Satellite Communications Eqp, Finance, Cellular telephone services industry, Cellular telephone services, Telecommunications equipment industry, Abstract, Hughes Electronics Corp., GMH, Satellite communications services industry, ICO Global Communications, Iridium L.L.C., Satellite communications systems

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