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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (9892)	12/2/1997 3:07:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 18056

Barry, missed that post. I think both NOKa and ERICY should take a hit too. Afteerall, we are in a global economy. biz.yahoo.com -Mohan

To: yard_man who wrote (9892)	12/2/1997 4:22:00 PM
From: Cynic 2005	Read Replies (4) \| Respond to of 18056

Barry, some anals are lurking here, I guess! -g- Tuesday December 2, 4:05 pm Eastern Time RESEARCH ALERT - Ericsson downgraded NEW YORK, Dec 2 (Reuters) - BancAmerica Robertson Stephens said it cut its rating on shares of Ericsson to long-term attractive from buy, and cut its revenue estimates. -- Reductions reflect increased concerns about prospective subscriber growth rates and the negative impact that lower-than-expected growth cuold have on handset revenues and margins, analyst George Robertson said. -- Reduced fiscal 1998 revenue estimates for Ericsson from 213.6 billion Swedish krona to 206.0 billion krona and its 1998 earnings estimates to $1.76 per ADR (American Depository Receipt) from $2.00 per ADR. -- ''We are lowering our rating on Ericsson...because we were well above consensus and feel that others who had estimates in the upper range will lower their numbers, thus reducing the consensus figures,'' Robertson said. -- Also felt lower than expected worldwide handset sales will hurt stock price of all handset makers. I talked about it earlier: exchange2000.com