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

To: Puck who wrote (7737)10/19/2000 7:14:29 AM
From: JohnG  Read Replies (2) | Respond to of 34857
 
Puck. NOK reported in a sinking inflated currency--the EURO. Hate to rain on your parade.
Currency rates:
10/1999 --US$1.00 = Euro1.07
10/2000 --US$1.00 = Euro0.84
Rate link:
stls.frb.org

Therefore for US investors the results are:
Q4, 1999 net = Euro 937 million = US$1.0026 billion
Q4, 2000 net = Euro 1.34 billion = US$1.256 billion

Year over year increase = 25.27%

This growth isn't too shabby, but it will not command some huge PE ratio.
JohnG



To: Puck who wrote (7737)10/19/2000 7:24:04 AM
From: t2  Read Replies (1) | Respond to of 34857
 
Everyone expected the worst for NOK. Too much negativity was factored into the price.
NOK is going to rocket this morning as it has in Europe tomorrow.

The future outlook is the key for this stock just as it was for Microsoft. Amidst the doom and gloom, these are huge catalysts for big gains in the Naz. (also note AOL' doing well)
I expect at least a 200 point Naz gain but think we could hit upto 350 gain! Just a feeling.


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