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Technology Stocks : Ericsson overlook?
ERIC 9.395+1.1%Nov 21 9:30 AM EST

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To: Paul Shread who wrote (1746)6/22/1998 10:19:00 AM
From: Sawtooth  Read Replies (1) of 5390
 
Monday June 22, 10:00 am Eastern Time
RESEARCH ALERT - Ericsson raised to buy
NEW YORK, June 22 (Reuters) - Volpe Brown Whelan & Co. said Monday it raised its rating on U.S. traded shares of Sweden's Telefon AB L.M. Ericsson (LMEb.ST) to a buy from a neutral.
-- Analyst Pete Peterson said Ericsson will add significantly to its technology portfolio, specifically in datacom, in the near term via an acquisition.

-- Price target of $35 per share.

-- Peterson said he does not believe Ericsson will make a massive, dilutive acquisition, and is likely to acquire technologies not companies.

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