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To: 2brasil who wrote (95700)3/14/2001 8:49:23 AM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
Nokia may suck, therefore sell Qualcomm (from the rocket thread) (not sure which newspaper this was from ...)

Lousy Performance in Telecom Drags European Markets Lower
By David A. Gaffen
Staff Reporter
3/14/01 7:12 AM ET

Rumors that Nokia (NOK:NYSE ADR - news) would announce an earnings shortfall are causing a frenzy
in European markets. Telecommunications stocks are hurting indices across the board, and traders said the
market responded early on to chatter that the cell phone maker would follow its rivals and warn that
earnings or revenue will fall short of expectations.

Most major European indices are down sharply, including London's FTSE 100, which hit a 27-month low
today.