Nokia (NOK) Message Board

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Technology Stocks : Nokia (NOK)

NOK 6.510

+0.6%

Jan 2 9:30 AM EST

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To: jfoley who wrote (2823)	11/23/1999 6:44:00 AM
From: yzfool	of 34857

ML raises target to 180, stock naturally gaps up, retraces, and now is filling the gap with support at 130 and change which has been holding. Anyone notice BB Rbrtsn Stphns new buy rating on clearstation? Expect more of these subtle cues. NOK is set to take another step up to new trading highs positioning them in split territory. Why is this a compelling investment? 80% of their 18 billion in sales comes from mobile phone business which has an insatiable demand. The other 20% is a well diversified mix of cellular networking, cable networking and set top boxes, pc monitors, digital satellite etc.. Also, they have over 3 billion in cash, fuel for growth through acquisition or to buy back shares of undervalued stock.

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