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Technology Stocks : Ericsson overlook?
ERIC 9.405-4.4%12:02 PM EST
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To: Wolfgang who wrote (4350)10/20/2000 9:05:56 AM
From: Robert New  Read Replies (2) of 5390
 
I would tend to agree that we are closer to the bottom versus the top and feel as though all of the bad news is now factored into this stock. Its better to step aside and wait for the bottom to form before adding to/initiating a position. They really do need to get the handset division under control. Until visibility of this turnaround is made the shares will likely trade sideways. This will be Hellstrom's defining moment. Interesting that 80% of the press coverage is on Ericsson's handset division even though it only accounts for about 20% of its total sales.
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