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Technology Stocks : Nokia Corp. (NOK)
NOK 5.935+1.1%Nov 21 9:30 AM EST

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To: Eric L who wrote (4772)4/12/2007 11:02:41 PM
From: slacker711  Read Replies (2) of 9255
 
Great notes....

ASP: 4Q’06 $168 to 1Q’07 1Q $155 (down 8% QoQ). ASP decline due to increased sales of VGA/Color models and strong competition in weak seasonality

The unit volume was good, but I didnt expect such a dramatic drop in ASP's. Unfortunately, I didnt hear much in the Q&A to clarify the situation....was the "softness" in Western Europe a result of a lack of new models or was it market wide? Did they mark down the Ultra series in response to price cuts by others? I think I have more questions after the call than I had going into the call.

Slacker
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