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.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (39725)	6/11/2003 3:28:04 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69967

LM Ericsson (ERICY) 11.35 +1.02: Well Fargo Securities downgraded ERICY from Hold to Sell citing concerns prospect of continued losses from operations and uncertain pricing and demand trends. The analyst believes the co should trade at approximately its book value of $5.13. Specific risks associated with owning the shares are its pure play on infrastructure, the co has to stay abreast of rapidly changing technologies, pricing falling and not being able to procure top talent. Nokia (NOK) 17.71 -0.25: Mid-Qtr Update Review: Co stated that it expects Q2 EPS within guidance of Eur 0.13-0.16. In mobile phones, Q2 sales growth is expected to be positive but at the low end or below the guided range of 4%-12% year on year, with sales growth slightly less for the Nokia Group. Merrill Lynch views the comments as neutral to slightly negative, as networks outperformed but handsets came in lower than expectations. Firm also comments that a decline in ASPs is back. CSFB reiterates its Outperform rating as overall light sales and EPS guidance were in-line with expectations. While expects full yr sales growth to prove challenging, firm sees limited downside risk to its EPS est.