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To: MikeM54321 who wrote (8944)10/19/2000 2:10:37 PM
From: MikeM54321  Respond to of 12823
 
"Nokia also reassured investors by reiterating its forecast that more than 400 million mobile phones will be sold this year. It expects 700 million people will have a cell phone at the end of the year, a number it sees rising to 1 billion users in 2002."

slacker- Well I answered my own question by reading another story on their earnings. -MikeM(From Florida)



To: MikeM54321 who wrote (8944)10/19/2000 2:52:28 PM
From: Archie Meeties  Read Replies (2) | Respond to of 12823
 
Mike,

If Nokia was a US company and 50% of their income was from Europe things would not be so rosy. If the euro hadn't devalued over 10% from last years level, diluted eps would have been more in the neighborhood of .16-.17. (Using 20% income in dollars and a 10% weaker euro vs last year. It's been a bit more, much to my chagrin.)

They may employ some razor sharp currency traders which can mitigate against the possibility of some reversal of fortune of these currencies. If so, I know some US based multinationals who could use their help. -g-



To: MikeM54321 who wrote (8944)10/20/2000 10:20:04 AM
From: slacker711  Read Replies (1) | Respond to of 12823
 
New worldwide subscription numbers from the GSM Association....

gsmworld.com

It looks like the market discovered yesterday that wireless isnt going to disappear afterall <g>.....

Slacker