Nokia (NOK) Message Board

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Technology Stocks : Nokia (NOK)

NOK 6.070

-1.5%

Dec 5 9:30 AM EST

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To: carranza2 who wrote (26519)	6/9/2004 9:43:36 PM
From: elmatador	Read Replies (2) of 34857

In the early 90's, after offering itself to Ericsson to buy it, (ERICY didn’t take) there was no way but to struggle. And it paid back. Nokia went on to take a huge market share in mobiles. But we have to keep in mind it was an European ball game. It was not possible for the competitors to appear due to the big head start Europeans had. 3G is a different ballgame and Asians will eventually dominate this market and NOK will be just another face in the crowd. Problem for companies that in less than ten years dominate a market such as NOK did, is that they have forgot what it was when they offer themselves to be bought by ERICY. No people there have managed a downturn. Which means the canary dies and no one takes as a sign to run or take countermeasures. It was so good to be the kings that the new reality become unpalatable even to consider.

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