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Technology Stocks : Nokia (NOK)
NOK 5.935+1.1%Nov 21 9:30 AM EST

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To: Lazlo Pierce who wrote (4093)4/10/2000 7:04:00 PM
From: tero kuittinen  Read Replies (1) of 34857
 
"Year-to-year, we are looking for 35 percent growth," he said. "And they are definitely gaining market share."

I think there's a special place in hell for people who justify Motorola's underperformance quarter after quarter, year after year.

What is this 35% figure? Is it the digital phone sales growth? Is it the volume growth? Sorry - but there's only one number that matters. That is the wireless consumer products sales growth.

Not the sales growth cleaned of paging products. Not the sales growth cleaned of analog phones. Not volume growth, which ignores the pricing power or the lack thereof.

No sleights-of-hand, no legerdemain, no three card monty. That one number tells the real story.

Nokia also has analog phone sales - but it *never* implies that somehow analysts should disregard that and try to invent a separate growth figure for the digital phones. What you see is what you get - and it's the company's headache to try to compensate for the analog phone sales decline. It can be done.

Tero
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