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

To: Paul Shread who wrote (1921)	8/13/1998 9:03:00 PM
From: P2V	Read Replies (1) \| Respond to of 5390

TO ALL : OsakeTieto rates ERICY STRONG BUY ! PS You may go to their site, and get on their mailing list. Regards, Mardy --- We are upgrading Ericsson to 1/H (strong buy, high risk) from 2/H. At 23 dollars a share Ericsson is an excellent long-term investment. The fall of the share is a overreaction, triggered both by the poor report as well as the threat of the currency devaluation of their biggest customer country China. At 1.0 times sales and at 21 times 1999 EPS estimate the stock should have a very limited 12-24 month downside - and a huge upside potential. BOTH NORDICS HAVE STRONG LOCAL PRESENCE Market clearly took today a stance of China's D-vitamin as a fact to come true. It may but companies like Nokia and Ericsson have also some positive aspects in the scenario: they both manufacture in the country. Companies selling a lot there but having not any local production are in much deeper mess. Besides, Chinese telecom market will continue to grow rapidly, no matter what. HARTWALL REMAINS THE KING OF THE HILL The same goes for Hartwall: its profits would fall if Russia devalues but on the other its market leader position would just strengthen. Import beers would become more expensive, and even additional custom tariffs are considered for imported products. With the solid financial background of Hartwall and Orkla, BBH could find several smaller breweries for sale in this turmoil. Hartwall has confirmed that it is looking for a brewery in Moscow area and possibly in Kiev. One of BBH brands, Baltika, is the market leader nationwide. osaketieto.com OsakeTieto FSMI Copyrightc1998, OsakeTieto, All Rights Reserved