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

To: elmatador who wrote (18783)	3/12/2002 8:14:50 AM
From: Eric L	Read Replies (2) \| Respond to of 34857

re: Meet Or Exceed 1Q Profit Targets On Slightly Lower Sales Networks not good for sure ... But (1st CC question) ... Shipping both 2nd gen revenue, and 3rd gen (to 35 customers) and 3rd gen is not being recognized as revenue .... ... both in China and Europe 2nd gen capacity enhancement lower than anticipated. >> Nokia On Track To Meet Or Exceed 1Q Profit Targets On Slightly Lower Sales March 12, 2002 Nokia today provided a scheduled mid-quarter update to the company's business outlook for the first quarter 2002. Based on developments during January and February, Nokia's pro forma EPS (diluted) is estimated to be at the upper end or even slightly above the earlier indicated range of EUR 0.15 - EUR 0.17 for the first quarter. Net sales for the first quarter are expected to be slightly lower than anticipated, but higher than expected profitability is being driven by Nokia's core strengths of strong brand, excellence in execution and winning portfolio. The company sees first-quarter net sales slightly below earlier guidance of a 6-10% year-on-year decline. Sales of Nokia Mobile Phones in the first quarter are expected to be within the previously stated range (down 3-7% year-on-year), while Nokia Networks sales are expected to decrease by approximately 25%, compared with earlier guidance of a 16-20% year-on-year decrease. Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. << - Eric -