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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (6653)	7/28/2000 9:13:29 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 34857

>> Announces plan to repurchase a maximum of 36,000,000 at market price. I'm impressed. That's the perfect reaction to yesterday's over-reaction to the earnings report. It sends a clear signal about intrinsic valuate to the market and protects shareholders. I only wish qcom had done the same earlier this year. A weak sector will hurt all wireless investors. I hope NOK begins focussing on expanding services available to subs via speedy implementation of 3G rather than expanding their resources defending fortress gsm. Developing a viable cdma program comes to mind... uf

To: Wyätt Gwyön who wrote (6653)	7/28/2000 2:11:28 PM
From: Gus	Read Replies (3) \| Respond to of 34857

A 36m share buyback with 4.65b shares outstanding is more symbolic than anything else for a dividend-paying stock like Nokia. As for uniform negativity, the net revenue shortfall of about E204m translate to less than 1.5m handsets (ASP-$150) and Nokia is expected to move more than 100m handsets this year. The guidance for a flat 3rd quarter and a robust 4th quarter should provide enough room for Nokia to, at the very least, keep its 60+% annual handset revenue growth streak going.