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To: LABMAN who wrote (36265)	1/9/2001 9:48:22 AM
From: IQBAL LATIF	Respond to of 50167

NOK news is built in, some over reaction to be cleared off by the earnings announcement.. but ITWO and bto b may help ARBA CMRC.. look at that 370m $ instead of 340m$.. so for shorts to keep these shorts is a problem for me to hold is not the problem, the earnings are not going to give anything more.. look at NAZ it actually opened higher..after NOK..

To: LABMAN who wrote (36265)	1/9/2001 10:00:02 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Nokia announced 64% growth year-on-year in handset sales, which totaled 128 million compared to analyst forecasts for as much as 140 million. Amid concern over slowing global handset demand, many analysts fear that mobile-phone companies are propping up sales by slashing prices. That's no good for earnings or for stock price valuations. Nokia did not change its forecasts for the next few years. In early December -- in the thick of a sharp correction in companies' earnings forecasts -- Nokia was one of the few to issue encouraging words . At that time, the world's biggest mobile-phone maker had said it expected growth for 2001 through 2003 to be at the high end of the 25% to 35% range.

To: LABMAN who wrote (36265)	1/9/2001 10:07:55 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

GX market cap is 18 billion $ and no EPS but the revenues are climbing as they are into infrastructure development. Now how do you rate such a comapny that has huge revenues but no earnings due to huge outlays of capital expansion, one way is to look at the capibility to generate future revenues on that count alone we may see GX at 20 billion $ revenus by 2003 and much reduced capital expenditure, now to ask for P/E of this company and overlook the business is not what we do for our own businesses?.. Global Crossing expects its revenue to climb to $7.1-$7.2 billion this year, up 31-33 percent from $5.4 billion in 2000, the international-telecommunications carrier said Monday. The Hamilton, Bermuda-based company also said it expects to post $2 billion to $2.1 billion in cash flow from operations. See news release. Cash flow, a key measure of financial health in fast-growing industries, basically reflects the ability of a company to pay its bills on time. Capital spending is expected to tally about $4.5 billion to $4.7 billion in 2001, in line with previous estimates. Sales of data services, one of the fastest growing telecom markets, is projected to double. Sales of wholesale voice services will rise about 50 percent, the company said. Global Crossing will continue to shift away from the consumer long-distance business, which now accounts for 3 percent of its revenue, the carrier said. Shares of Global Crossing (GX: news, msgs) gained 56 cents to $19.50.