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

To: slacker711 who wrote (8612)	12/21/2000 11:33:08 AM
From: Eric L	Read Replies (1) \| Respond to of 34857

Slacker, << I'm not real familiar with this company....but Brightpoint warned today >> Brightpoint handles a number of services for the carriers and retailers of handsets. Carriers order phones from vendors, ship them to Brightpoint who kits them (vendor specific packaging, manuals, SIM's. etc.) shrink wraps them, and warehouses and tranships to the carriers direct retail outlets or other distribution channels. Biggest service provider of this type in the United States to the best of my knowledge. << First time I have heard of weakness in the US cellphone market... >> It will be interesting to see final quarter numbers. This warning could have some significance. - Eric -

To: slacker711 who wrote (8612)	12/21/2000 12:16:31 PM
From: Puck	Read Replies (1) \| Respond to of 34857

You must have missed Herb's proclamation right before Nokia's expedited earnings report last quarter that because TXN and RFMD had poor earnings and 4Q outlooks resulting from dramatic inventory build-ups at a major customer that meant the problem was Nokia's and that Nokia was going to disappoint big time. He made his claim with the same zeal that he capitalized "very" in the passage you quote. As we all know now, he couldn't have been more wrong about the conclusions he inferred from TXN's and RFMD's problems. He seems to be right about as much as he is wrong, and he has consistently and shamelessly made grandiose statements about Nokia's impending regression to the state of its competitors only to be proven wrong time and again. I would suggest that since 60% of Brightpoint's business has origins other than Nokia (if Herb is correct about this point), there may in fact be explanations for Brightpoint's poor earnings other than weak demand in the U.S. for Nokia's products. Perhaps Motorola and/or Ericsson utilize Brightpoint's services and perhaps one or both of them is seeing some slack demand for its/their products. I realize this is fairly radical thesis, but let's just suppose, shall we? Also, keep in mind these other words from Brightpoint's press release:"'We are very pleased that all of our divisions outside of the U.S. appear to be performing at or above expected levels,' stated Laikin." The U.S. market sure isn't indicative of the other 85% of the world market beyond our borders.