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Pastimes : G&K Investing for Curmudgeons
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To: LindyBill who wrote (813)2/11/2000 5:03:00 AM
From: Sommers  Read Replies (1) of 22706
 
RE: Nokia

Bill,

Thanks for the AMCC heads up.
In case you missed IBD's interview with Nokia's CFO (Ollie Kallasvuo) on Tuesday, I thought I'd review a few highlights. (Sorry no link)

1. Stock up 825% past 24 months
2. Targeting continued 30%-40% revenue growth for 2000
3. Going on the offensive big time, stealing marketshare from Motorola and Ericsson.
4. Currently have approx. 50% of entire cell phone market.
5. Now focusing on rolling out CDMA phones. Wants their CDMA marketshare to be atleast 50%.
6. Bought Network Alchemy (makes secure communications software to access wireless data) this week.

Here's a quote from Kallasvuo: "We are a key player in shaping the mobile internet market. We will make acquisitions, mostly internet related..."

I don't own Nokia yet, but this interview sounded very good for Qualcomm.
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