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To: milt who wrote (26228)	12/11/1998 10:34:00 AM
From: Steven Messina,L.M.T.	Respond to of 119973

Re: ERICY being on sale Have you read the CEO's comments? Keep an eye out for a downgrade. wallstreetcity.com Chek this out: >>>Ericsson views the layoff of "real" jobs as a major obstacle because of a feared severe backlash via the Swedish work unions. Nevertheless, Christer-Nisson feels the full year of 1998 will be well below analysts expectations. "My estimate is based on our view of the continued impact of the global financial crisis which is effecting demand in some of Ericsson's operations, including in particular public networks. The scope of these effects is reflected in our internal reports for November, which have just become available," he said. Additionally, the 1999 year could also be a disappointment according to sources. "For next year we expect, as I have earlier mentioned, a slow start of the year and a development for the whole year below our long term growth objectives. My expectation regarding Ericsson's long term growth remains unchanged; i.e., we shall exceed the market growth," he added. It goes without saying that Ericsson should be avoided right now as an investment, while the firm irons out details to the restructuring plan. <<<< Look out below! Boi