TCD, Dwight, et al,
I think that the Europeans don't see the purchase of Ipsilon as a plus, and combining that with the general drop in tech stocks puts NOK.A at an incredibly low price! The catch is that there will be no way to turn around the perception until the next earnings release, and that means that the stock may bounce around down here for a while.
The Ipsilon purchase won't show any benefit in the next announcement either, so I'm not very happy with it. It may be the reason that some of the analysts downgraded the stock. If you look at SGI, they were the strongest graphics computer company, at 44 per share in January of '96, and then they started buying up other companies. Today (two years later) they hover around 15 a share. But I have much more confidence in NOK.A than that, so I would buy more at this level, except I used up the last of my margin buying it at 75!
I certainly hope that it recovers.
Regards,
Marc |
