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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (817)	2/11/2000 9:28:00 AM
From: slacker711	Respond to of 22706

I bought NOK yesterday at 201 3/4 for my G&K portfolio. I did this in spite of the fact that they are Euro based. European companies still live in the remnants of the area's feudal system, and tend to be carteled, subsidized, and price-fixed more than American ones. I would recommend listening to this past quarter's conferece call for Nokia (it's on their website).....I dont think you will have this view of them after that. Nokia had an unbelievable quarter but still said they could have shipped more units (they expect a sequential gain in unit sales this Q). At one point an analyst asked what type of problems they had experienced with parts shortages (and which parts). Someone in management responded that these were the same issues that all of the other companies were dealing with and that they didnt like to make excuses....the term "fight the competition" was used during the CC. Nokia is not your typical European company. They are moving much faster than any other Telecom company in the world....with the possible exceptions of Qualcomm (in chips) and NTT Docomo (in i-mode). Slacker Slacker

To: LindyBill who wrote (817)	2/11/2000 9:54:00 AM
From: Eric L	Respond to of 22706

Lindy, << I bought NOK yesterday at 201 3/4 for my G&K portfolio >> Not a bad move, IMO. They are a rather regal Prince. In early January 1999 I funded my initial position in QCOM with 4 years of profits from Nokia, leaving my initial investment in Nokia intact. In April I added to QCOM using my initial Nokia position. Currently I hold no Nokia but I will shortly as I trim Q to 20% of my portfolio. A close friend maintains a 10 stock "All Wireless" portfolio with Nokia as a core holding. QCOM is conspicuously absent, as the portfolio is very GSMcentric, but his annual return last year was 335%. << Nokia is the play in Cell phones, IMO >> Also solid in infrastructure (well placed for both 2.5G & 3G) and their WAP server position. - Eric -