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Technology Stocks : Nokia (NOK)
NOK 5.877-2.6%Nov 20 3:59 PM EST
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To: tero kuittinen who wrote (976)9/11/1998 12:28:00 AM
From: kas1  Read Replies (1) of 34857
 
All,

I've owned Nokia in the past, but Russia crisis makes me afraid to reinvest.

My gut feeling has been that most cellphone growth in recent history has come from Asia and Russia. Asia in crisis, ok, whatever, that news has been discounted. But how will Russia -- and New Russians turning into Poor Russians -- affect Nokia's business? I think that this crisis is too new to be discounted into the stock price. What % of their handset sales and infrastructure sales have been in Russia? Finnish companies are normally quite cozy with the neighbors to the southeast, no?

Someone please correct if I'm wrong on this point. I think Nokia is a great company, but I don't want to buy until there's an assessment made of the Russia situation.

thanks in advance for comments/etc...
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