Ericsson's are too big a risk while Nokia's are already fully priced. But the economic slowdown will eventually end and markets will pick up. When that happens, Nokia is positioned to gain. At current levels, its shares may look cheap in the long run. Ericsson, however, is showing many of the signs of a company beginning to retrench and shrink.
Chances are it's only going to fall farther behind from now on.
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