We identify sets of conjugacy classes of ergodic endomorphisms of B(H)
where H is a fixed separable Hilbert space. They correspond to certai
n equivalence classes of pure states on the Cuntz algebras O-n where n
is the Powers index. These states, called finitely correlated states,
and strongly asymptotically shift invariant states, are defined and c
haracterized. The subsets of these stares defining shifts will in gene
ral be identified in a later work, but here an interesting cross secti
on for the conjugacy classes of shifts called diagonalizable shifts is
introduced and studied. (C) 1997 Academic Press.