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To: Eric L who wrote (52777)	10/17/2002 7:58:43 AM
From: stockman_scott	Respond to of 54805

INSTANT VIEW-Nokia <NOK1V.HE> Q3 profit EUR 1.25 bln HELSINKI, Oct 17 (Reuters) - The world's largest mobile phone maker Nokia <NOK1V.HE> on Thursday reported third-quarter pro forma pre-tax profits rising almost 17 percent year-on-year to 1.25 billion euros ($1.22 billion). Following are analysts' comments on the Finnish telecom equipment maker's results. JUSSI USKOLA, NORDEA SECURITIES "Overall the result was very good. Nokia is continuing to dominate the mobile phone market." "Nokia's 3G revenue recognition (forecast) was a bit higher than I expected for the fourth quarter." "I still think that there are risks for the positive consensus estimates for Ericsson's result (on Friday), but we are now a bit more confident on that." MARKO MAUNULA, CONVENTUM "Nokia's sales were at least satisfactory, and the profitability of its handset business managed to surprise again positively. The sales guidance for the fourth quarter was a bit of a disappointment, but in these economic conditions the overall result was very good." JUSSI HYOTY, FIM SECURITIES "The result is still strong -- it's a bit better than expected, but relative to sales it's a slight disappointment." "The (forecast for fourth-quarter) pro forma EPS of 0.23 to 0.25 euros is quite good. The fourth quarter is important and it seems to be better than what has been expected when based on the Reuters poll for 2002." ((Helsinki newsroom +358-9-680 50 235, fax +358-9-680 2284, news@reuters.fi)) ($1=1.024 Euro) MORE * end of story *