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Technology Stocks : Nokia (NOK)

NOK 6.730

-0.7%

Nov 14 9:30 AM EST

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To: waitwatchwander who wrote (502)	1/16/1998 11:59:00 AM
From: tero kuittinen	Read Replies (1) of 34857

Actually, my investment strategy consists of picking one great stock underrated by American analysts and holding onto it for half a decade. I don't believe normal people can really hope to beat the Dow by picking several stocks... after all, most of the professionals are unable to do that with all the access to information they have. Take Qualcomm and Nokia: there has been a flood of giddy enthusiasm about Qcom in the last two years and it has moved maybe 15%. Nokia has been largely ignored by American telecom punters and it has gone up over 100% in the same time period (100 weeks). How was an individual investor supposed to predict that? These standard wars raging in the mobile telecom are extremely unpredictable and for the man in the street the investment decisions are pretty much a crap shoot. Some interesting news: Scott McNealy just said that Nokia 2000I will be a Java-based smartphone hitting the markets soon. I don't think he was supposed to blurt out that. Nokia hates these kind of leaks. But I think it's great they have a second generation smartphone waiting in the wings before the competition has even introduced their first versions. There has been a recent projection predicting a 2 billion dollar market for smartphones by 2000. I'm pretty sanguine about Nokia's chances of dominating the field. Nokia also just sold a Tetra trunk network to Australia. It's their first break outside of Europe and they now have a shot of establishing a Microsoftesque presence in this market for mobile networks for professionals like police, fire departments, etc. I think Tetra has a good shot of becoming a world standard in this small, but lucrative market. I think this strategy of picking nascent, fast-growing new fields like smartphones, digital trunk networks and set-top boxes can become a real growth-engine for Nokia now that the competition is heating up in the handset biz. Tero

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