Nokia (NOK) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nokia (NOK)

NOK 6.790

-3.4%

2:09 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mephisto who wrote (2933)	12/6/1999 3:21:00 PM
From: Mephisto	Read Replies (2) of 34857

"In a meeting with Wall Street analysts Friday, Nokia said it now expects worldwide use of mobile phones to reach 1 billion by the end of 2002, rather than at the end of 2003, as it had previously forecast. As a result, Nokia said it expects revenue to grow 30 percent to 40 percent in 2000, above its former forecast of 25 percent to 35 percent. That prompted a slew of brokerages to raise earnings estimates and stock price targets on Nokia, the world's largest maker of wireless phones. At Salomon Smith Barney, for instance, analyst Alex Zena raised 2000 estimates to $2.90 a share from $2.75 and 2001 estimates to $3.75 from $3.42. He raised his price target to $225. Nokia continues to stay in front of the competition and has launched more mobile phones this year than it did last year," Cena wrote to clients. "Nokia is also well positioned to drive growth from wireless data as well." Excerpts from an article by Jeffry Bartash is a reporter at CBS MarketWatch.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next