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Technology Stocks : Ericsson overlook?
ERIC 9.390-0.1%3:59 PM EST
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To: Nilda Ovalles who wrote (1067)12/3/1997 10:06:00 AM
From: Leif V Singman  Read Replies (2) of 5390
 
Hi Nilda,

Thanks for the informative post about the redundancy notice to 10,000 employees. I could find nothing about an impending Ericsson layoff in the Swedish papers.

I would guess that the reason for the decline of the stock is a overreaction on the part of Wall Street to the "layoff news". What is surprising is that the stock did not correct on the Stockholm exchange. In my opinion, the price dip represents an outstanding buying opportunity. The 97P/E ratio is now about 26.

Leif
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