Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Vodafone-Airtouch (NYSE: VOD) -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (2882)	6/30/2000 10:18:35 AM
From: MrGreenJeans	Read Replies (1) \| Respond to of 3175

Article detail All news for this company (COM) 30/06/00 08:36: Lehman Bros says 3G wireless subscriber worries are "misplaced" Lehman Bros says 3G wireless subscriber worries are "misplaced" LONDON (AFX) - Lehman Brothers said that worries, voiced among others by LM Ericsson AB's chairman yesterday, that the high price of third generation mobile licences could throttle subscriber growth on the new services were "misplaced". In a morning note, Lehmans said that the concerns which led to yesterday's heavy selling of telecoms stocks, including Vodafone AirTouch PLC's 7.7 pct, 22 point slide to 264, were overplayed. Other stocks which had suffered included Finland's Sonera Oyj, down 11.4 pct, Ericsson itself, down 7.8 pct, and Nokia Oyj, down 10.7 pct. At 8.25 am today, Vodafone shares were up 6-3/4 at 270-3/4. Other European stocks had yet to start trading. Lehmans' note said it believed "the recent extreme weakness" of the telecoms sector was a clear buying opportunity. At these prices, it said, Vodafone and Sonera were clear buys. Deutsche Bank also reiterated a "strong buy" on Vodafone this morning. jsj/mjh