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

To: slacker711 who wrote (9229)	2/15/2001 12:55:12 PM
From: Mark Marcellus	Read Replies (1) \| Respond to of 34857

Tero, your point that GSM is what really matters for 2001 is well taken, but I have a deeper question. If we are only looking at the prospects for this year, how can we justify Nokia's stock price, even at the current reduced level? And if Nokia's stock price is based on the assumption that they will maintain their dominance over a 5-10 year period, shouldn't the risks inherent in the transition to 3G be our main focus? Or is it too vulgar to look at the stock price?

To: slacker711 who wrote (9229)	2/15/2001 12:55:36 PM
From: tero kuittinen	Read Replies (1) \| Respond to of 34857

Mmmmm... I thought that CDMA sales were short about 10 million units last year. Which explains most of the industry-wide shortfall. I'm calling Eric as a witness. Tero

To: slacker711 who wrote (9229)	2/15/2001 1:11:23 PM
From: Eric L	Respond to of 34857

Slacker, << I think the above numbers constitute a "4Q slowdown" for the industry. How else can you interpret it? >> No other way. Jorma commented on that at earnings time .... "First there is the issue of the economy. There is a slowdown that started 2nd week of December in the US and some slowdown elsewhere but really its the US we are talking about and it was very clearly seen in the US in December and continues to be seen in January and impacts orders for 1st Q but also there is some slow down in rest of the world ... " << Someone missed somewhere....coming into the 4th quarter industry expecations were for around a 420m unit year (if memory serves, MOT, TI and ERICY all endorsed this number) >> It is noteworthy that Nokia did not, BUT, Nokia came up short of analysts expectations for them. A few million more handset shipments for Nokia could have made a big difference. They were fortunate to squeeze out a few million 5185i's. - Eric -