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Technology Stocks : Ericsson overlook?
ERIC 9.855-1.5%3:59 PM EST
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To: Mika Kukkanen who wrote (4825)9/17/2001 12:58:11 PM
From: Eric L  Read Replies (2) of 5390
 
Mika,

<< Nokia up nearly 15% and Ericsson down 6%....anyone able to pin point what misinformation they are dealing with now? >>

I think that the Nokia surge is primarily due to a relatively positive (tragically postponed) reaction to Nokia's report of last week relative to their being on track to reach third quarter profit guidance despite lower sales. ERICY probably just trending with the NAZ. It will probably even out somewhat over the course of this week.

I don't suspect much of any volume out of Nokia in the 8310 this quarter, but if they fail to get any out the door, I suspect they will get hammered again.

From the wires:

>> Market Report -- In Play (NOK)
September 17, 2001 09:44:00 AM ET
Briefing.com

Nokia (NOK) 14.05 +1.10 (+8.00%): Shares of cell phone maker among the few to take off at the start of trading. In addition to the repercussions of last week, company had issued guidance which had been positively perceived last Tuesday morning.

Also:

CNBC Market Dispatches 09/17/01 11:44 AM ET

One positive: techs and the telecom sectors were looking stronger, with Nokia (NOK) up 13% amid hopes that corporations would be forced to raise spending and reports of a big increase in phone usage since the terror attacks. <<

- Eric -
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