American Depository Receipts: Value Message Board

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Strategies & Market Trends : American Depository Receipts: Value

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To: Michael Burry who wrote (1)	8/28/1997 8:32:00 PM
From: Dwight E. Karlsen	of 33

Hi Michael. Are you familiar with Nokia (NOKA)? HQ in Helsinki, Finland. Here is the chart: techstocks.com Last qtrs earnings produced a 17% positive surprise. Nokia claims to have the world's best selling digital cellular handset. Last qtr handset sales grew 49% year over year. They also have a wireless equipment division (base station equip using GSM, which is Europe's version of digital cellular), which saw sales increase last qtr of 35% year over year. The stock has been beat up lately mainly due to valuations (which were not unreasonable), but more because it is just following the DJIA. Nokia will bounce back as soon as the DJIA does. DK PS - I think I remember you from the old USRX thread.

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