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

To: carranza2 who wrote (21304)	7/18/2002 11:26:52 AM
From: 49thMIMOMander	Read Replies (3) \| Respond to of 34857

Isn't Nokia a nice guy who does not lower the handset prices by some 10-12%!! But there more than one way to skin a cat. Ilmarinen How is that 20% reduction Quack handset costs going??? I have understood it must be accelerated to 30% as so little progress has been made, time flies Hmm,as Quack has started to count cumulative numbers for deliverd chipsets, has anyone bothered to do the cumulative stuff on the Nokia profit??

To: carranza2 who wrote (21304)	7/18/2002 8:35:29 PM
From: Eric L	Respond to of 34857

re: S&P says: << Looks like Jorma gave us the peachy/rosy version. The analysts have their doubts and are punching holes into the peachy/rosy version. >> Please note that Nokia continues to be TTM profitable (Pro Forma, ISA, GAAP). How is Jacobs, Jacobs, & Jacobs doing in that regard? Does Jacobs, Jacobs, & Jacobs have a systemic problem in that regard? >> S&P comments on Nokia Corp Standard & Poor's Reuters Company News New York July 18, 2002 Standard & Poor's said today that the ratings on Nokia Corp. (A/Stable/A-1) have not been affected by the continuing difficult market conditions in the mobile handset and infrastructure markets, which have resulted in year-on-year sales declines for the past three quarters. Nokia's operational and financial performance continues to be strong and superior to that of peers. While mobile industry risk is high, owing to short handset life cycles and high technology risk as markets transfer to 2.5G and 3G technology, Nokia has increased its market share in its key handset unit to more than 38%. This has translated into continued strong operating cash flow--Nokia generated about EUR2.3 billion ($2.3 billion) cash from operating activities (after interest and tax) and EUR200 million of cash after dividends, capital expenditure, and vendor financing in the first half of 2002. The group held net cash of about EUR5.4 billion and had customer financing commitments of EUR2.5 billion at June 30, 2002. The ratings on Nokia assume that its handset division will continue to perform strongly, which, allied with tight cost control, will translate into continued strong cash flow generation. The group is also expected to maintain its conservative capital structure. - Eric -