Ericsson overlook? Message Board

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Technology Stocks : Ericsson overlook?

ERIC 9.400

+0.1%

3:59 PM EST

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To: George Sepetjian who wrote (1733)	6/17/1998 3:24:00 PM
From: Paul Shread	Read Replies (2) of 5390

I hope to god ERICY doesn't follow suit and overpay for a lagging networker. ASND is at least a better company than BAY (in my opinion), but it's substantially overvalued (I frankly think it's worth about $30 based on this year's earnings) and ERICY spending $10-$15 billion for ASND would just crucify the stock. This takeover crap is starting to make me ill. Why not buy something a lot cheaper, like MRVC? I'm afraid these big telcos are going to find out what some of us learned the hard way in the networking sector: merging with a lagging networker is a sure way to cut your market cap by a third or more. Good luck to all. These mergers may work in the long run, but in the short run they're going to be painful. Paul

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