All, Warning a rant.
I know you all hate to like Nokia, but this is a fact. I feel that Nokia has executed flawlessly. They have, unquestionably, the best TDMA/GSM phone out on the market. That is, the Nokia 61xx.
Here is a company that the Q has to strive to beat. Nokia has had 25 to 35% earnings growth and they are a player in all markets, with the exception of South Korea.
But look at Nokia today, down 3+ points. They have great earnings growth, pay a nice dividend, under good management, and have predicted that their earnings will continue to grow. However, what does the market do to it.
Face it, as Nokia continues to plunge, so will the Q. It isn't an Us Vs. Them game anymore. In the current situation, investors take a look at Alcatel and panic by selling all telecommunications stocks.
Oh well.
dave |
