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Technology Stocks : Nokia (NOK)

NOK 6.585

+0.8%

Dec 24 12:59 PM EST

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To: foundation who wrote (9364)	2/22/2001 11:56:12 AM
From: Eric L	Read Replies (2) of 34857

Ben, << 08:33 ET Nokia (NOK) 24.25: Stock fell more than 5% in European trading; decline being attributed to reduction in handset shipment estimates by Kyocera Corp to 450 mln from 500 mln. >> >> Market Report -- In Play (QCOM) February 22, 2001 09:53:00 AM ET Briefing.com QUALCOMM (QCOM) 67 15/16 -3 5/16 (-4.7%): Early weakness in QCOM shares on news that Kyocera Corp lowered handset guidance to 450 mln from 500 mln. Kyocera recently purchased QCOM's handset unit. << OUCH! I suspected as much. Man, am I having a fine day! Everybody gets a turn in the pickle barrel. QCOM has held up extremely well for the last 12 months until recently. Given the overall negativity in wireless sector, any report of this type is going to damage the sector. Kyocera's claim to fame is NOT GSM, so making a projection of 9% overall handset growth for the industry ... which obviously is going to precede some downsizing of their overall forecast is NOT good. The sector needs some good news ... regardless of technology. The handset lineup across technologies is stale. GPRS is late ... but so is 1xRTT, and both of these technologies have the potential of breathing a little life into the corpse. Here is the scorecard since 12/31/99 MOT - 64.8% QCOM - 62.4% NOK - 52.2% ERICY - 50.5% Here is the scorecard since 12/31/00 NOK - 47.5% ERICY - 27.4% QCOM - 20.3% MOT - 15.3% Lets hope somebody is shipping handsets (or chips this quarter). On balance, although there were interesting occurrences at the 3GSM World Congress, I could spot nothing that will warm up the polar cap on the short haul. - Eric -

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