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

To: Alex who wrote (2135)	10/16/1998 11:04:00 PM
From: Maurice Winn	Respond to of 5390

This Persson better check back with head office, because they said that they didn't need any QUALCOMM property to produce their 3G CDMA fantasy. Now they are saying that QUALCOMM better license it to them. Or persuade SETI to change the specifications. Talk about schizophrenia and delusion. "If Qualcomm convinced the ETSI to reduce the performance capability of the wide band standard, then Ericsson would accept and provide that standard, Persson said." This is enough in itself for any investor to flee L M Ericsson if they value their skin. L M Ericsson has themselves declared CDMA to be the future. So you can kiss the GSM and analogue aspects goodbye. It is only a question of what role if any L M Ericsson has in the 21st century world of CDMA. Maybe L M Ericsson will be simply a 20th century phenomenon. So maybe the marginal shareholders take the trouble to read, think and abandon ship and that is why the price is down. As J P Morgan, Buffett or somebody said; They got rich by selling too soon. You can't sell after the stampede. Nokia is booming in GSM. L M Ericsson is not - by comparison with Nokia anyway. Nokia already has a position in cdmaOne, L M Ericsson does not. QUALCOMM has already said it would give existing cdmaOne licensees an easy road to the future - which includes Nokia, but not L M Ericsson. It isn't nice for L M Ericsson. This is my official hypester sell warning. Let's see if we can't drive the price down to more realistic levels by the open next week. Nobody wants to be left selling horseshoes when the roads are full of cars. Now the fun begins. Maurice