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

To: Ruffian who wrote (17242)	12/11/2001 2:51:03 PM
From: carranza2	Read Replies (1) \| Respond to of 34857

Nokia is having a very good day today. I'm selling if it gets into a 28+ range. Coulda, woulda, shoulda bought some when it was a $12 value play not too long ago. Ahhh, the joys of the non-trading LBT&H investor.

To: Ruffian who wrote (17242)	12/11/2001 9:07:06 PM
From: Eric L	Respond to of 34857

re: Wireless NewsFactor on NOK Mid-Term "A strong start for the Nokia 8310 and brisk sales in the U.S., in both the TDMA (time division multiple access) and CDMA (code division multiple access) markets, have made an important contribution to fourth quarter sales so far," Overall, Nokia expects the mobile phone market to grow to 105 million to 110 million units sold in the fourth quarter, with much strength coming from sales in the Americas and Europe. >> Clouds Dispersing In Nokia's Crystal Ball Dan McDonough, Jr. Wireless NewsFactor December 11, 2001 Nokia estimated that its Q4 sales will be 20 percent greater than Q3 revenue, which totaled 7.05 billion euros (US$6.29 billion). The bulk of this growth will come from handset sales. In the middle of a glum economy, Nokia infused the market with some fresh air when it said it would meet or beat its previously stated expectations for fourth-quarter earnings. "A strong start for the Nokia 8310 and brisk sales in the U.S., in both the TDMA (time division multiple access) and CDMA (code division multiple access) markets, have made an important contribution to fourth quarter sales so far," Nokia spokesperson Virve Virtanen told Wireless NewsFactor. He said Nokia has shored up its financial outlook for the fourth quarter based on record sales in the first two months of the quarter. The Helsinki, Finland-based wireless giant said it expects its adjusted per-share earnings for the quarter will come in at the upper end of -- or even above -- the range of .18 euros to .20 euros (16 to 18 U.S. cents). This news comes just a few weeks after Nokia said the wireless industry as a whole should expect growth in 2002 -- particularly in handset sales. In keeping with this industry-wide rosy prediction, Nokia said it expects to show "good profitability" in 2002. This morning, Nokia stayed focused on the fourth quarter, explaining that sales growth should be significant compared with the third quarter of 2001. Up 20 Percent Nokia estimated that its sales for the fourth quarter will be 20 percent greater than third-quarter sales, which totaled 7.05 billion euros (US$6.29 billion). The bulk of this growth will come from handset sales, according to Nokia, while network equipment sales will be up slightly from third-quarter levels. Nokia predicted sales from its Nokia Networks business will decline 20 percent compared with last year's fourth quarter. Mobile phone sales are expected to rise 25 percent over third-quarter levels. If Nokia achieves that benchmark, the company's fourth-quarter handset sales will match the level attained in the year-ago fourth quarter. Overall, Nokia expects the mobile phone market to grow to 105 million to 110 million units sold in the fourth quarter, with much strength coming from sales in the Americas and Europe. Grabbing Market Share Still, Nokia is not happy with just strong sales and a fair profit. Market share is key in this industry -- and since Nokia muscled its way into the top spot, displacing Motorola, just a few years ago, it wants to make certain it does not lose its market dominance. Based on current trends in the wireless space, Nokia forecast it will be able to post significant market share gains in the fourth quarter. In addition to strong sales in the first two months of the quarter, the company said the competitive pricing environment for mobile phones is more stable, and channel inventories are normalized. << - Eric -