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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (3745)	10/11/1999 8:09:00 AM
From: elmatador	Read Replies (1) \| Respond to of 5390

ERICSSON: PROBLEMS LURKING UNDER SURFACE, SELL - VA (Nyhetsbyr†n Direkt) - STOCKHOLM. A mountain of problems are lurking under the surface at Ericsson and these problems pose a treath to growth, Veckans Affarer wrote Monday. It noted that Kurt Hellstrom faces a challenge in regaining market confidence. If he fails, the stock could well tumble. The magazine noted that the current stock price around 260 kronor assumes that the mobile phone operations start generating profit. At the same time, the fixed telephone operations are losing money and the profit generated by the mobile systems is not enough to motivate the stock price, said VA, and recommends sell on the stock. The magazine notes that Ericsson's price trend is steered by the U.S. and that the inflated New York stock market implies a large risk.