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Technology Stocks : Nokia (NOK)
NOK 6.115+0.7%Dec 1 3:59 PM EST
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To: tero kuittinen who wrote (3098)12/24/1999 5:52:00 AM
From: Mephisto  Read Replies (2) of 34857
 
["Here's the bottom line: Q couldn't find a top ten phone manufacturer to buy the handset division. That's the end result. Not Nokia, Motorola or Ericsson. Not Siemens, Alcatel, Philips or Samsung. Not even Sanyo or Bosch, for Pete's sake. All else is spin. Was the intense propaganda campaign about Nokia and Motorola a demonic ploy to deceive a third-rate handset company to pay through its nose for damaged goods? We'll never know. But I guess we can draw some conclusions about how "intense" the "fight" over the division must have been among "six leading handset manufacturers" from the eventual buyer. I suspect that the business journalists at the Tribune are moonlighting as scriptwriters for "Sliders". Best of luck for Kyocera for resuscitating this floater." ]

Tero, when I learned that Q's handset division was a loser ~ It couldn't make money and the phones were absolutely ugly, I thought that only an arrogant American company would expect a top-tier company like Nokia to buy its loser.

Next year we begin a new century ~ still ~ American companies believe that they can pass on their dubious products to companies that make their homes in other parts of the world.

I thought that even the second and third-world countries at the WTO meeting in Seattle made it clear that they refuse to let the US push them around.

Consequently, "why would a world-class company like Nokia buy Q's "damaged goods"? as you pointed out.

Nokia's management is not stupid. I wish I could say the same for business journalist.

Merry Christmas,

Mephisto

PS: Geez, I wish I had seen Nokia's profile on "Sixty Minutes".
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