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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (36543)	4/1/2010 9:43:44 AM
From: E_K_S	of 78745

Nokia says wins China deals worth over $2 billion washingtonpost.com Thursday, April 1, 2010; 9:19 AM HELSINKI (Reuters) - The world's largest mobile phone maker Nokia <NOK1V.HE> said on Thursday it had won handset deals with distributors in China worth over $2 billion. A spokesman said one agreement was with China PTAC, worth over $1 billion, and the other was with Telling Telecommunication Holding Co. Ltd., also worth over $1 billion. =============================================================== Nokia continues to take advantage of their market share inking more deals in China. I still look at this company as a value opportunity w/ excellent growth potential. The stock is trading with a PE of 12 and pays a 3.6% dividend. When one compares this to an Apple or a RIMM, it provides good exposure to wireless technology w/o paying too much. Nokia also operates a division (w/ Siemens as a partner) to design and build wireless networks in 3rd world countries (including China). This division is marginally profitable (it's getting more profitable over time) but allows Nokia's phone division to bundle their low end phone products w/ local telecommunication service providers. As a result, Nokia has maintained their 35% market share worlwide. EKS

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