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Technology Stocks : Nokia (NOK)
NOK 6.585+0.8%Dec 24 12:59 PM EST
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To: Eric L who wrote (9374)2/22/2001 12:02:47 PM
From: Puck  Read Replies (1) of 34857
 
Kyocera's prediction of 9% industry growth is not corroborated by any of the majors--not by a long shot. I smell something rotten in Denmark, or should I say Korea.

P.S. Since Nokia won't start booking 3G infra. rev's until next quarter, expansion orders are what has propelled their infra. business to 30%+ yoy growth in recent quarters. It doesn't seem credible to me that such strong growth in expansion orders would occur at a time when mobile handset unit growth is allegedly occuring at one third the pace.
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