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

To: DMaA who wrote (1271)	1/29/1998 4:32:00 PM
From: Sverre Schriwer	Read Replies (1) \| Respond to of 5390

I belive the drop today is part profit taking and part (absurd as this may seem) disappointment that although earnings exceeded expectations growth rate declined slightly. Remaining asian worries should not be forgotten. Even if ERICY reported no signs of sales decline in asia as a whole, notably China, this remains a worry for many fund managers. Volume in Stockholm was at a record high for ERICY, and I belive we will see a steady increase in ERICY over the next few weeks. The stock dividend is for all intents and purposes a split. There's lots of legalese and tax issues involved but basically ERICY splits. The par value of the dividend shares is so low compared to the market value that it really doesn't matter. This appears to be more common than straight splits in Sweden, probably due to some weird tax rule - what do I know...