Hello Eugene,
Welcome to the thread. So, you think it is the NO shareholders thread where you can pick up quick tips, most current news and information, friendly chat eh? Well, well, do I have news for you friend. This is where (alongside the QCOM threads) a holy war is waged between two silly factions on the two sides of a business opportunity called 3g wireless stuff, where several hundred billion dollars are going to be. People from each thread frequent the other, posting anything from pure FUD to PR to damage control to good news and analysis about NOK and QCOM and about their fortunes to be in the wireless 3g business.
Sometimes you will find as a NOK shareholder (are you?) that posters in this thread absolutely make no sense from a business point of view. You would want your company to make a lot of money, taking advantage of the most obvious business opportunity of the decade; the CDMA business in the United States right? After all, the US has very low wireless peneration at the moment (30 % or so) and it will be 80 % o so in 3 - 5 years, and the US is going CDMA. So you would think that people in this thread would wish that NOK would enter this market right now, and draw what may come our way. But NOK has not been able to design and manufacture a CDMA ASIC that is acceptable in quality to the US carriers. Sooo, guess what. NOK goes back to the drawing board and tries to come up with their own CDMA ASIC. But wait a minute.. these ASICs are readily available from QCOM. QCOM is in the business of designing technologies, and collecting royalties when they sell them. Why not buy them from QCOM, build the phones, conquer the market and be done with it and the NOK stock price will be $100 in 3 - 4 months, just wait 1 reporting quarter. But as you will see, this is sacrilege. What? do business with QCOM? We would rather eat moose dung. As you will see as you stay around more, that particulary some Nordic contributors on this thread see this whole thing as a chauvinistic thing i.e. my country has more wireless, We are the leaders you are not, my phone is bigger than yours etc. The concept of improving the bottomline of this company and increasing shareholder value does not cross the minds of these people. They are simply obsessed with their country's pride, how to defend it against the US technological invasion of turf (as they view it). Some of them probably never owned a single NOK share ever. Some of posters are possibly paid PR agents of our NOK, Which may sound like a good thing, but the company is also showing less than stellar intellect and strategic savvy in this regard. At the moment NOK is in this holy war against QCOM, and the sentiment is: what may be good for QCOM is not good for NOK, so we will not do business with them at whatever the cost. And lots of people in this thread just eat it this stuff up.
So, welcome friend, welcome friend to the holy war that does not have to be fought, or won, but goes on .
regards,
Sam A. |
