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

To: P2V who wrote (1206)	1/12/1998 11:26:00 PM
From: Chuck Martin	Read Replies (1) \| Respond to of 5390

All, FWIW, Barrons Online's Weekday Trader had some brief but positive comments on Erricson and Nokia. If you have a subscription, the URL is interactive4.wsj.com For those who don't subscribe, the article's title was Flash! The World Didn't End Today. The author asserted that the markets have gone overboard in their Asia worries. The part relevant to this thread is: But there may even be opportunities in the technology sector, which has perhaps been the most beaten down of all stock groups in recent selloffs. Salomon Smith Barney strategists John MacNeil and Marshall Acuff believe that cellular equipment companies Nokia and Ericsson have been unfairly punished during the market correction for being technology companies and could produce positive earnings surprises for the fourth quarter as buildouts of wireless networks continue. Indeed, since October, both stocks are down more than 30% from their 52-week highs. Nokia is now trading at slightly over 15 times First Call's fiscal 1998 earnings estimate of $4.43 per share, about on par with its expected earnings growth rate of 16% but at a discount to its projected five-year growth rate of 25%. Ericsson is trading at nearly 20 times 1998 earnings estimates of $1.77 per share, about in line with its expected 1998 and five-year growth rates.