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

To: Eric L who wrote (15254)	9/24/2001 2:25:32 PM
From: carranza2	Read Replies (3) \| Respond to of 34857

Doesn't it spook you that three of Nokia's major vendor-financed 3G customers are all in Europe and that Nokia in 2000 had over EUR 3.6 bn in outstanding loan commitments for 3G? That's a whole lot of money to lend to the financially strapped. At least one Turkish carrier has defaulted. With the upcoming global recession, Nokia is going to be in a tight spot: Does it honor its loan commitments to the strapped carriers who are hurting not only because of the 3G licensing follies but who are also feeling a recessionary pinch or does it lend on the come, hoping things get better? I understand the necessity of vendor financing. No loan, no sale. A rock and a hard place. Difficult to navigate properly. One or two miscalculations and the balance sheet will seriously suffer. I don't like it any more than you do as any problems related to vendor financing delay 3G royalties to Q. By the way, I play both sides of the street, too. Should have sold some Q in late '99/early 2000 and Nokia when it was in the 60s. Live and learn, give me one more mania and I will sell. My interest in Nokia is not true ownership, control and ultimate benefit but not present ownership. I've held both, so far. Don't understand trimming Q position except to take profits since you said a long time ago, if my memory serves me right, that you were in Q primarily for 3G royalties.