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

To: EJhonsa who wrote (7754)	10/19/2000 10:44:51 AM
From: Puck	Read Replies (1) \| Respond to of 34857

I accept this notion for matters relevant in the near term--like what our next year's dividend will be in dollar terms, but I don't believe that in a longer term context (which mine is) that currency translation is all that meaningful. In the early half of the '90's I remember years when Ericsson's revenues and order bookings would increase at about a 50% rate on a year over year basis, and around earnings time some analysts would express concern over the weak kronor. Ericsson's net would be up around 45-50% but on a dollar basis it might have gained only 30%. However, a year or two later, the kronor would be strong, the dollar strong and the USD share price would benefit from the currency translation. (My dividend would increase likewise.) Over a span of years, however, variations in exchange rates seem to balance out and not really matter all that much. In recent years I can't remember any analyst worrying publicly about the strong Euro or weak Euro or whatever in regards to corporate earnings, and I understand that the underlying profitability trend has become the point of emphasis, not variable currency impact. If next year the Euro has re-gained all the ground it has so far lost, which would require it to gain nearly 50%, but NOK's net profit is flat in Euro denominated terms, am I to be glad that in dollar terms their profit has increased 50%?

To: EJhonsa who wrote (7754)	10/19/2000 11:53:08 AM
From: slacker711	Respond to of 34857

As others have said, a great quarter, although if slacker's comments about ASPs is true, then handset shipments rose by "only" 59%, which is lower than the last couple of quarters. My brain was only half functioning during the CC ....my notes are terrible (7am CC's are not a strong suit for me). However the 59% growth wouldnt really be bad. I think the general industry estimates for unit shipments for '99 were 270m and for '00 are around 420m. This represenst 56% YoY growth. Since the first and second quarters were particuarly strong, I wouldnt be surprised if overall growth was below 55% during the third quarter. They are still picking up marketshare.... did you hear anything in the CC about GSM-based GPRS, MP3, or PDA phones? Not really....GPRS phones were mentioned a couple of times but more in terms of the schedule than features. Like I said, Jorma tends to be a little combatitive during the CC, I dont think they like to give out new information. No info. at all on MP3 equipped phones.... Slacker