Nokia (NOK) Message Board

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Technology Stocks : Nokia (NOK)

NOK 6.640

-0.4%

Nov 18 3:59 PM EST

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To: Eric L who wrote (12457)	6/12/2001 9:06:43 AM
From: slacker711	Read Replies (2) of 34857

Nokia now estimates the global mobile phone market to show only very modest growth this year compared to 2000, when about 405 million phones were sold. During the second half of 2001, the company estimates that the market will be significantly larger than during the first half. The second quarter must have seen an incredibly sharp slowdown. Nokia didnt back off their 450m-500m estimate after the end of the first quarter....and the analyst estimate (ARC Group) was that 96m handsets were sold during the first quarter. Considering the fact that Nokia still expects good demand during the second half of the year....the only missing piece (the second quarter) must have dropped off a cliff. I wonder where the weakness is focused. Is it just Europe....or did the US/China contribute? Slacker

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