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Technology Stocks : Nokia (NOK)
NOK 6.550-0.9%Jan 16 9:30 AM EST

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To: elmatador who wrote (17676)1/9/2002 9:30:58 AM
From: Eric L  Read Replies (1) of 34857
 
NOK Recovered in Europe after the JP Morgan downgrade ("market performer" from "buy")

Finnish telecommunications giant Nokia Corp. rose to $24.40 from $23.87 in U.S. trading. It tracked the local shares which rose 1.3 percent at 27.44 euros in Helsinki trading. The stock recovered from a low of 26.51 euros in the morning after JP Morgan downgraded shares due to concerns about growth estimates for 2002 and 2003. - Jan 9 (Reuters) 9:05 -

I don't take ML all that seriously on wireless. JP Morgan a different story. Conservatively realistic in general. Obviously this will be a tough infra year.

- Eric -
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