tero, thanks for the geographical and culinary pointers; always pleased to expand the old knowledge base. Truth be told, haven't spent much time in the Scandanavian neck of the woods. Got hammered at the Tuborg brewery in vagabond student days; enjoyed a delightful week or so in Stockholm, and that's about it. Besides which I wouldn't know a fjord if I fell in it so. . . . .
Enjoy your NOK.A flag waving which you do with considerable gusto. I like the company a whole lot and am quite bitter when a friend told me to buy it and I put it on my watch list instead. Then got to watch it go in to orbit; that's the trouble with watch lists you know. Anyway, I love Nokia selling CDMA phones buy the truckload and wish them all goodspeed. Keep those royalty checks heading straight for San Diego; happy to deposit them.
As for being a 'day late and a dollar short', don't be so hard on the Mighty Q. Particularly with your professed love of companies that have the cajones to bet the ranch, go for the gold, and soar off the cliffs (quite poetic of you, that). Cliff jumping carries with it the attendant risk of going splat, as in: there are old cliff jumpers and bold cliff jumpers, but there are no old, bold cliff jumpers. Ericy is looking to me as an enterprise that belongs in the latter category, but with the size of their checkbook could create havoc trying to avoid their death spiral. With things looking a little pekid in Peking [how 'bout that folks, any points?], their China asset could turn out to be a liability. Motorola is blowing both feet off at a rather amazing pace: they've got about $5 billion sunk in a satellite telephony constellation that is currently sporting a 75% call completion 'success' rate. So methinks the door has been opened for the Mighty Q to sit down at the table with the big boys, not without a bit of a tussle mind you, but we'll be there.
Last my friend, if you are leaning on Japan as a means of getting a good night's sleep, may I suggest barbituates? Those folks are in deep poo-poo just now and their record for technological innovation leaves something to be desired, or have you not been watching your JVC High Definition Television set lately?
Join the forces of light and goodness tero. The evil empire is not your beloved Nokia anyway; it's the dreaded Ericy wearing the black hat. NOK had the good sense to come in out of the rain, set up shop next to the Q, and learn the fine art of casting CDMA ASICs. Just think YOU should diversify YOUR portfolio: Nokia proved to be a quite adept apprentice. Don't you think it would be prudent to own a few shares of the master? Here's to your investing health, which I believe is the appropriate reply to the last sentence of your post . .old Norwegian drinking song, right? Mike Doyle |
