Nokia (NOK) Message Board

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Technology Stocks : Nokia (NOK)

NOK 6.195

-1.3%

3:59 PM EST

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To: tero kuittinen who wrote (791)	7/26/1998 4:56:00 PM
From: Penny_Money	of 34857

Hi Tero: This is Penny_Money of the yahoo board. I totally agree with you that the market has not yet given Nokia the respect it deserves. In fact, I am amazed how quiet CNBC gets everytime Nokia whips Motorolla's ass (soon it won't have one). The WSJ has the same problems. I did sit on the Nokia conference call last Friday and enjoy the management's no nonsense reporting of facts. Nokia has a squeaky clean balance sheet with top-line revenues increasing about 24% over last quarter and operating margins increasing from 15 to 18%. The company was cash flow negative the first quarter of 1998 (payment of dividend) and is cash-flow positive again. I have been a Nokia bull for a long-time and admire the way the company is managed. I think the stock could reach $320 over the next couple of years (market cap of around 250 billion). Hope Finland has many more millionares. Keep posting. Regards, Penny

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