XeTel Message Board - Msg: 1304437

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Technology Stocks : XeTel

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To: kirk who wrote (28)	4/30/1997 7:50:00 PM
From: Ken Ridge	of 118

Somewhat surprized we didn't see upward movement with the tech rally in the past 2 days, but I sure can't complain given upward movement in the past few weeks. As I recall, Ericcson is a large customer for Xetel, but if so the following should have an impact on earnings: L.M. ERICSSON (Nasdaq: ERICY) gained $2 1/8 to $33 5/8 after Merrill Lynch named the Swedish wireless telecom equipment maker its "Focus One" stock of the week. Although the company missed earnings estimates of $0.22 per share when it reported first quarter earnings last week, those analysts moving up their ratings on the company are concentrating on order growth, where overall bookings grew 36% during the quarter. Sales growth was also quite strong at 36%, while pre-tax income grew by 30%. Contrasted with MOTOROLA (NYSE: MOT), Ericsson is doing quite well in cellular products and infrastructure with double-digit revenue growth rates that put to shame Motorola's latest-quarter cellular products revenue growth of 4.4%.

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