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Technology Stocks : Nokia (NOK)

NOK 6.910

+0.9%

Nov 6 3:59 PM EST

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To: Mark Marcellus who wrote (9230)	2/15/2001 1:05:29 PM
From: tero kuittinen	Read Replies (3) of 34857

It's real vulgar to look at the stock price. Especially now. But if we did, we would see a P/E ratio below 25 for 2002 - if things stay on track. Furthermore, if we compared that to Coca-Cola's P/E ratio, things would get way vulgar. So obviously there is considerable fear that things will go badly wrong pretty soon. Focus on 3G is just dandy - especially now that Lucent's ability to use vendor-financing to land new orders could be seen as severely limited. I think it's fair to assume that 80% of the GSM operators will place their 3G orders with their GPRS vendors. It's noteworthy that Nokia now has about 40% of the global GPRS order base, as opposed to the company's 10% global infra market share from early 2000. Tero

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