Thanks Tim. Didn't know Nokia released financials/PR recently. Notice that ERICY almost mirrors Nokia's rises and dips, somedays, they are identical in % (+/-).
Asia, Think Asia affects sectors as a whole, even though you are right in that, as Ericsson as stated several times, their exposure is limited, and although it isn't positive, does not have a great degree of effect on the Financials. But, help us if China goes sour, as you know, their financial expansion was a little too fast in certain sectors, such as construction, many,many empty apartments and business bldgs in several cities, and their banks, although not to the extent as the Japanese, over extended their loans and most likely, the Beijing gov't will have to confront their losses sooner or later. I think I have heard hundreds of billions (low), of outstanding loans.
Lucky their currency is controlled to an extent, but their is so much more room for expansion in China.
Anyway, too much blabbing for me.//Thanks and have appreciated and enjoyed reading everyones memo for the past years. Brgds. Mike/DFW
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