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Technology Stocks : Nokia (NOK)
NOK 7.030+1.7%Nov 12 3:59 PM EST
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To: Wyätt Gwyön who wrote (6653)7/28/2000 2:11:28 PM
From: Gus  Read Replies (3) of 34857
 
A 36m share buyback with 4.65b shares outstanding is more symbolic than anything else for a dividend-paying stock like Nokia. As for uniform negativity, the net revenue shortfall of about E204m translate to less than 1.5m handsets (ASP-$150) and Nokia is expected to move more than 100m handsets this year. The guidance for a flat 3rd quarter and a robust 4th quarter should provide enough room for Nokia to, at the very least, keep its 60+% annual handset revenue growth streak going.
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