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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Ruffian who wrote (7300)	9/28/2000 2:19:55 AM
From: Puck	Read Replies (1) \| Respond to of 34857

Nokia Buy Ericsson Buy NOKIA CORPORATION (NOK) BUY Positive Update from BAS 30th Annual Investment Conference ♦ Nokia management is sticking by its guidance at our conference. ♦ Expect quick December rebound from margin dip in September. ♦ New handsets shipping slightly ahead of schedule; inventory should drop in September. ♦ No change on industry units for this year or next. ♦ Maintain Buy and $65 target. LM ERICSSON, INC. (ERICY) BUY Highlights from BAS’ 30th Annual Investment Conference ♦ No significant change to current business trends - solid infrastructure offset by weak handsets. ♦ Sept. quarter remains on track to meet our estimates of $7 billion (SEK 62.9 billion) in revenue and EPS of $0.04 (SEK 0.39). ♦ We sense that the handset losses may be slightly worse than expected, but still believe September will be the bottom. ♦ Company is well positioned with 3G -- expects to grow from 30% share in 2G to 45-50% share in 3G. Ericsson has won 13 of 17 contracts to date.