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Technology Stocks : Nokia (NOK)

NOK 6.970

+2.0%

3:59 PM EST

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To: Sommers who wrote (2774)	11/18/1999 1:11:00 PM
From: tero kuittinen	Read Replies (2) of 34857

No sure things around anymore. The way Microsoft is valued seems to imply that they will be succesful in branching out to telecoms; WinCE in most mobiles and PDA's. Nokia's valuation also implies dominance in mobile consumer products. So does Ericsson's. And Motorola's. And Psion's. Etc. The other businesses of these companies can't support the earnings growth that is now expected. It has to be fleeced from the backs of those 1,2 billion mobile phone subscribers hopefully spending like crazy in 2005. If everybody really wins, the OECD population has to fork up hundreds of dollars a month for mobile devices, mobile data and M-commerce by the end of the next decade. Tero

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