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

To: Puck who wrote (4414)	12/1/2000 12:20:47 PM
From: Eric L	Read Replies (1) \| Respond to of 5390

Puck, << Don't forget that Ericsson owns 5% of Juniper >> I knew they had a position, wasn't sure of exact current position so thanks for the reminder. << Juniper has taken the high end of the router market from Cisco >> I don't really buy that statement. Check market share in the segments of CSCO's market JNPR has impacted. Juniper certainly has had an impact on the high end core and is threatening on the edge. << I believe Cisco's best days are past and that its stock will be relatively unrewarding. >> LOL! I've been hearing that one for years. It remains the core holding for me that it has for many years. Sure glad I have ignored such statements, adding on major corrections, and whacking back at the end of almost every year (for portfolio balance purposes) and using CSCO profits to fund the acquisition of other quality investments. I also hold JNPR, but my Cisco holding is 3 times the size. My JNPR position was carved out of my CSCO position. I consider CSCO to be a much safer hold than JNPR, but also believe JNPR has better short to medium term upside potential (with larger attendant risk). JMO, of course. You have made some good comments here, IMO, on Ericsson's approach. This is probably not the proper thread to debate CSCO v. JNPR ... but CSCO's moves (embryonic stage) out of the enterprise and into the telecom space of LU and NT, are most certainly interesting and discussions of partnerships that they are forming with wireless carriers are perhaps most appropriate for discussion here as the wireless network of today transitions to a router based IP network of some tomorrow. - Eric - PS: Maybe CSCO v. JNPR OK on the "unmoderated" Nokia thread? <g>

To: Puck who wrote (4414)	12/6/2000 10:59:59 AM
From: Eric L	Read Replies (1) \| Respond to of 5390

Puck, << Don't forget that Ericsson owns 5% of Juniper >> Ericsson Sells Large Juniper Stake Jeffry Bartash CBS.MarketWatch.com Dec 6, 2000 NEW YORK (CBS.MW) - Swedish telecommunications giant Ericsson on Wednesday said it's sold 10.4 million shares in Juniper Networks, an upstart U.S. equipment maker. The world's No. 3 maker of wireless phones said it will use proceeds from the sale to develop products for so-called 3G, or third-generation, wireless networks designed to handle high-speed Internet traffic. Wireless carriers are expected to develop such networks within the next few years. News of the deal prompted Juniper (JNPR: news, msgs) shares to tumble $13 to $143 in premarket trading, according to the Island ECN. Ericsson (ERICY: news, msgs) said it bought the shares before Juniper's initial public offering in 1999. Since that time, Juniper has become one of the brightest new stars in the telecom-equipment world. Its market capitalization now sits at an astonishing $49.5 billion even though the company only has about $500 million in annual sales. Ericsson did not disclose the selling price or timing of the sale. If the stock were sold at the close of Tuesday, Ericsson would have earned $1.62 billion on what undoubtedly was a far smaller initial investment. As part of the transaction, Juniper will buy back one million of its common shares from Ericcson, the companies said. Last week, the two companies also announced plans to create a joint venture aimed at producing gear for mobile Internet service. At present, Juniper mostly manufacturers specialized routers that help speed up Internet traffic over landline data networks. << - Eric -