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

To: 49thMIMOMander who wrote (13856)	7/16/2001 6:35:29 PM
From: Ruffian	Read Replies (1) \| Respond to of 34857

Not Low Enough..............

To: 49thMIMOMander who wrote (13856)	7/16/2001 10:39:34 PM
From: JohnG	Read Replies (2) \| Respond to of 34857

llmarinen. Can see NOK dropping from $17 and a PE of roughly 24 to $12/share with a PE of 16 if they can't get any equipment developed and continue to show slow earnings growth. Clearly they suffer from one of history's worst cases of not-invented-here syndrone. At some point, if this were a US company, some heads would roll. I take no joy in this because, if it happens, they tend to take everyone down with them. Still, how do you stop it at this point -- it's like watching a train wreck in slow motion.