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

To: JDN who wrote (5117)	11/21/2002 3:56:53 AM
From: elmatador	Read Replies (1) \| Respond to of 5390

Ericsson down 3.7 per cent at 9SKr. Deutsche Bank downgraded the two telecom equipment makers to "sell" from "hold", saying its fair values of SKr5.7 for Ericsson and €4 for Alcatel implied a 40 per cent and 22 per cent downside risk respectively. Deutsche Bank expects a refinancing at Ericsson in 2004 and Alcatel by 2005 and argued the skew towards the upside in Ericsson's share price was not supported by fundamentals and unlikely to be in the coming few quarters