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Non-Tech : The Critical Investing Workshop

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To: techguerrilla who wrote (24136)6/30/2000 4:43:21 AM
From: techguerrilla   of 35685
 
Wireless Group Still Poised for Growth

cnbc.com

Excerpt--

When one of the world's leading telecommunications firms speaks, the market listens.

Earlier this week, telecom stocks took a brief hit when a report came out quoting Sweden’s Ericsson {ERICY} president Kurt Hellstroem about high licensing fees in Europe affecting future revenue for the entire sector.
But according to Ericsson spokeswoman Kathy Egan, the report was misinterpreted.

"[Hellstroem] was commenting generally on the taxation process in Europe, and it was completely misinterpreted," Egan says. "We have not changed our outlook, we see no warning of any slowdown and we’re comfortable with current Street estimates."
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