However, with the collapse of communism and the independence of Croatia, the state began looking to privatize the corporation in the year 1992. By 1994, Ericsson emerged as the highest bidder and took a share of the corporation just short of majority ownership. As of 2006 Gordana Kovačević serves as president of Ericsson Nikola Tesla. 1992 (MCMXCII) was a leap year starting on Wednesday. ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ... Lars Magnus Ericsson Ericsson () NASDAQ: ERIC is a Swedish telecommunications equipment manufacturer, founded in 1876 as a telegraph equipment repair shop by Lars Magnus Ericsson. ... 2006 is a common year starting on Sunday of the Gregorian calendar. ...