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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Nayan who wrote (39475)	12/15/1998 10:26:00 PM
From: Ilaine	Respond to of 132070

Nayan, you asked Mike not me, but if you don't mind an unsolicited opinion, I understand that Nokia and Qualcomm are beating Ericsson for technological reasons. (Also Motorola.)

To: Nayan who wrote (39475)	12/16/1998 10:39:00 AM
From: Knighty Tin	Respond to of 132070

Nayan, Wow, these guys made some completely uninspired choices. Intel in chips, Exxon in oil, AOL on the Internet. And I loved the comment from the internet analsyt that, "caution, this is not the value zone." <G> Just how stupid are his clients? Ericsson and most cell phone cos. make me yawn. I feel that is yesterday's technology priced at today's valuation. Ericsson is still way overpriced on an absolute basis, but it may get a bounce after the first of the year. A long Ericsson, short Nokia trade might make some sense, as everyone loves Nokia. I like Petroleum and Resources (PEO) in the energy area. It sells at a 10% discount to Net Asset Value and is a well-managed fund. For individual companies, I would look at Arco (ARC) as a takeover candidate with good finances, Schlumberger (SLB) as the creme de la creme of the drillers, and Plains Resources (PLX) as a much more speculative asset play. MB