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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (16760)	3/12/2002 9:30:56 AM
From: carranza2	Respond to of 74559

Not good, though Nokia still claims that it will meet earnings expectations on lower sales. Doing poorly on CDMA. As I appreciate it, the call was brief and relatively uninformative--get the bad news out and scamper away quickly type of thing. The network biz appears to be hurting, even with the 150% financing deals Nokia has offered. A serious source of concern not only for Nokia but for all of telecom. Its network equipment inventories must be piling up--goodbye to high margins as no doubt infra prices will fall. Looks like the 28-32 price target I set is not going to be achieved anytime soon. C'est la vie.