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Technology Stocks : Nokia (NOK)
NOK 6.465-0.5%Jan 6 3:59 PM EST
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To: S100 who wrote (8748)1/10/2001 7:36:09 PM
From: JP Sullivan  Read Replies (2) of 34857
 
Nokia never raised its forecast of a market size of more than 400m in 2000.

Right. Now look at the FUD/distortion in this report:

<http://www.siliconinvestor.com/headlines/financial/20010110/273459.html>

especially in this paragraph:

Motorola's earning report on Wednesday came a day after Nokia, the world's largest mobile phone maker, said its 2000 mobile phone sales were weaker than expected although it gained market share.

In which announcement did NOK say that sales were "weaker than expected?" One has to wonder where the writer got his facts. Have you noticed how nearly all the news about NOK's recent handset volume announcement is extremely negative in one way or another? The fact that NOK increased it's unit volume sales by an enviable 64% (without flushing profits down the toilet, I might add) remains a mere postscript. No wonder the Naz crashed. Talk about insane expectations.
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