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Technology Stocks : Nokia (NOK)
NOK 6.070-1.5%Dec 5 9:30 AM EST
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To: Puck who wrote (7737)10/19/2000 7:14:29 AM
From: JohnG  Read Replies (2) of 34857
 
Puck. NOK reported in a sinking inflated currency--the EURO. Hate to rain on your parade.
Currency rates:
10/1999 --US$1.00 = Euro1.07
10/2000 --US$1.00 = Euro0.84
Rate link:
stls.frb.org

Therefore for US investors the results are:
Q4, 1999 net = Euro 937 million = US$1.0026 billion
Q4, 2000 net = Euro 1.34 billion = US$1.256 billion

Year over year increase = 25.27%

This growth isn't too shabby, but it will not command some huge PE ratio.
JohnG
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