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Technology Stocks : Nokia (NOK)
NOK 5.935+1.1%Nov 21 9:30 AM EST
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To: Shoibal Datta who wrote (614)4/21/1998 6:54:00 PM
From: Lazlo Pierce  Read Replies (1) of 34857
 
First Call has a mean on Nokia FY98 of 2.30, and FY99 of 2.75. So the forward P/E is ~ 28. For comparison seew LU (though not direct competition) They are est to earn 1.56 and 1.85 respectively, and is selling for over 70 now. Nokia has been growing at a higher rate than its P/E, and 28 in this market is not pricey. Also, Nokia has a good chance to beat these #s handily. IMHO there is more room to run, a market correction notwithstanding.

Dave
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