CS First Boston Keeps "Hold" on Ericsson

Analyst Ian Burgess sees an eventual recovery in the mobile infrastructure market, but not until late 2002

CS First Boston maintains hold on Ericsson (ERICY ).

Analyst Ian Burgess says shares enjoyed a rally Thursday following a positive interpretation of an interview given by the CEO. He says he doesn't doubt there will be recovery in the mobile infrastructure market, nor that the company will retain its leading position and rebuild margins as recovery occurs. However, he sees no meaningful upturn until Q4 2002.

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