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Technology Stocks : Ericsson overlook?
ERIC 9.605+0.6%Nov 28 12:59 PM EST

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To: Howard Bennett who wrote (1239)1/27/1998 8:45:00 PM
From: Sverre Schriwer  Read Replies (2) of 5390
 
Hmm...

ERICY closed at $40 today, and I notice a 120K block at $39 13/16 in after hours trading.

In Stockholm the analysts expect another great Q, and as a matter of fact swedish TV quoted "Wall St leak of better than expected earnings" as contributing to todays action.

Well... seems to me that we might see a good report, but the ETSI standards meeting has more long term relevance in my eyes. If ERICY & NOKA wins, as seems very likely - the future prospects improve from great to even better.

Barring nasty surprises* I belive we just might se a small rally into thursday and perhaps even after.

*Such as I got when I went _very_ long on advance info on their last Q, which indeed turned out to be better than expected when it was released on october 23 last year... :-(

/Sverre
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