Forbes.com: Opportunities In The Wireless Sector: "Opportunities In The Wireless Sector
Forbes.com staff, 02.25.04, 3:52 PM ET
NEW YORK -
Wells Fargo Securities said Motorola (nyse: MOT - news - people ) and Nokia (nyse: NOK - news - people ) offer better risk/reward opportunities than Ericsson (nasdaq: ERICY - news - people ). Wells Fargo said it was impressed with Ericsson's expectations of strong first-quarter revenue, but the share's rich valuation at 39 times the company's fiscal 2005 earnings-per-share estimate 'continues to give us pause.' The research firm noted that peers Motorola and Nokia respectively trade at 24 times and 17 times fiscal 2005 EPS estimates"
Forbes.com staff, 02.25.04, 3:52 PM ET
NEW YORK -
Wells Fargo Securities said Motorola (nyse: MOT - news - people ) and Nokia (nyse: NOK - news - people ) offer better risk/reward opportunities than Ericsson (nasdaq: ERICY - news - people ). Wells Fargo said it was impressed with Ericsson's expectations of strong first-quarter revenue, but the share's rich valuation at 39 times the company's fiscal 2005 earnings-per-share estimate 'continues to give us pause.' The research firm noted that peers Motorola and Nokia respectively trade at 24 times and 17 times fiscal 2005 EPS estimates"
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