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Technology Stocks : Nokia (NOK)

NOK 6.730

-0.7%

Nov 14 9:30 AM EST

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To: Diamond Jim who wrote (4501)	5/1/2000 3:13:00 AM
From: Peter J Hudson	Read Replies (1) of 34857

Diamond Jim, >>Nokia 100, Q 140 and it has come down in price from 200 to 110? I don't think any analyst came out with a $1000 target on Nokia either and I know Nokia didn't rise 156 points in 1 day either.<< I am not interested in getting into a valuation pissing match. I was just pointing out that both NOK and QCOM enjoy very high valuations. I believe they are well deserved. Mr. Piecyk has placed a $100 price target on NOK vs $250 on QCOM. Based on EPS growth rate QCOM is under valued when compared to NOK. Qualcomm detractors love to talk about QCOM coming off $200 high, but the closing high was about 176, and the stock was at those levels for a very brief time. Bottom line is that NOK and QCOM are breathing the same rarified air. Flying high because they deserve to. Pete

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