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Technology Stocks : Nokia (NOK)

NOK 6.730

-0.7%

Nov 14 9:30 AM EST

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To: alruss who wrote (1005)	9/23/1998 9:40:00 AM
From: tero kuittinen	Read Replies (2) of 34857

In Jorma Ollila we trust. The comment on 3Q was typically cautious - he makes Alan Greenspan look like Howard Stern. But between the lines you could read a very bullish sentiment. He said: "Strong market development in 1998 has re-enforced our confidence in the outlook for the 3rd quarter and has, again, resulted in an upward revision of our long-term mobile subscriber estimates." I would translate this Ollila-speak to American vernicular as "Fuckin'-A!". Earlier Nokia has commented that the outlook on 3Q hasn't changed from what it was during 2Q. And after the 70% profit growth of 2Q Nokia said that the next quarter was expected to be similar. Noka bounded up 7% in Helsinki as a response. All is not quiet on Western front - Dagens Nyheter rips into Ericsson. Ericsson handsets are shutting thmeselves off spontaneously. "- Jag ljuger inte om jag s„ger att 7 av 10 Ericssontelefoner har haft problem." - I'm not lying when I say that 70% of Ericsson phones have this problem, says one retailer. "-K”p inte Ericsson, det blir mycket problem." - Don't buy Ericsson, you only get trouble, says another. These are Swedish comments as reported by a Swedish newspaper. Tero

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