Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ramsey Su who wrote (25171)	6/10/2003 1:10:20 PM
From: engineer	Read Replies (2) \| Respond to of 34857

His 16x PE on made up earnings is intersting. Will they then downgrade the earnings number, such that his 16x is way too high?

To: Ramsey Su who wrote (25171)	6/10/2003 4:50:56 PM
From: 49thMIMOMander	Respond to of 34857

Is Wells Fargo scared of EDGE being pushed out too far in the future?? As well as USA running on a 0% interest rate to avoid too many chapter elevens to push it forward?? Something must have gone wrong for Wells Fargo as Nokia started to use extra cash to buy back shares and not just to keep the up the extraordinary classification. However, maybe they have a point on that recruiting of "top talents", these days it is even difficult to try to keep them off the parking place, phone and e-mails.

To: Ramsey Su who wrote (25171)	6/11/2003 12:21:57 PM
From: Eric L	Read Replies (3) \| Respond to of 34857

The Ratings Game: Casey at the Bat << I personally don't understand how he arrived at a target of $12. Way too high. These damn analysts are always so positive. 8:53AM WFS downgrades NOK from Hold to Sell (NOK) 17.96 >> Nokia downgraded to "neutral" at Merrill Lynch Wednesday, June 11, 2003 — Analysts at Merrill Lynch downgrade Nokia from "buy" to "neutral." The target price has been reduced from €16.00 to €15.60. The analysts mention that the negative rating on Nokia is primarily based on valuation. The fair value of €15.60 is only 3% above the current share price in Europe, say the analysts. According to Merrill Lynch, other concerns are the development of ASPs in Asia and Europe and margin growth over the mid-to-long-term period. The analysts have reduced their EPS estimates for 2003 and 2004 from €0.82 to €0.77 and from €0.82 to €0.84, respectively. Nokia "Strong Buy" Reiterated by Raymond James Wednesday, June 11, 2003 — Analyst Todd Koffman of Raymond James reiterates his "strong buy" rating on Nokia (NOK). The target price is set to $23. In a research note published yesterday, the analyst mentions that Nokia has reduced its revenues guidance for 2Q03, due to weaker sales results in its handsets markets. Raymond James remains optimistic, however, regarding a robust uptrend in the company's handsets revenues in the June quarter, boosted by its impressive profits margin and the strong growth potential of its new MMS handsets. Nokia "Buy" at WR Hambrecht Tuesday, June 10, 2003 — Analyst Peter C Friedland of WR Hambrecht issues a "buy" rating on Nokia (NOK). The target price is set to $20. The analyst mentions that Nokia has reduced its guidance for growth of handset revenues in 2Q03 in view of a weak dollar and the adverse impact of SARS on consumer markets in China. WR Hambrecht believes, however, that the company's growth has been sustained in the US and European markets. Nokia "Outperform" at Bear Stearns Tuesday, June 10, 2003 – Analyst Wojtek Uzdelewicz of Bear Stearns issues an "outperform" rating on Nokia Corporation (NOK). The analyst mentions that the company is expected to post reduced earnings in Q203. This is on account of a weak dollar exchange rate and poor unit sales due to tough competition in Asia and the SARS threat, the analyst explains. The company is, however, steadily regaining the market share that it lost to Motorola in 2002, says the analyst. Nokia "Outperform" at Société Générale Tuesday, June 10, 2003 – Analysts at Societe Generale issue an "outperform" rating on Nokia (NOK). The analysts mention that the company is expected to post in-line Q203 EPS figures. Nokia’s sales for Q203 are likely to be negatively impacted by the weak US and European economies, unfavorable currency exchange rates and the impact of the SARS outbreak, say the analysts. The company’s mobile phones sector is, however, expected to post robust profitability trends in the near-term, add the analysts. Nokia 2-Equal Weight Maintained by Lehman Brothers Tuesday, June 10, 2003 – Tim Luke maintains 2 Equal weight and price target of $17 on Leading Player in a Tough Macro Environment Luke concludes that street revenue estimates may be revisited following today's call although earnings levels likely to remain broadly unchanged. 2003 sales ests move slightly lower to EUR30.1B from 30.4B. EUR EPS remains EUR0.82/0.89 in 2003/2004. EPS estimates in dollars increase modestly on the currency fluctuations to $0.89 and $0.98 in 2003 and 2004, respectively, from $0.88 and $0.95. Nokia downgraded to "Sell" at Wells Fargo Securities Tuesday, June 10, 2003 – Analyst Casey Ryan of Wells Fargo Securities downgrades Nokia Corporation (NOK) from "hold" to "sell." The target price is set to $12. The analyst mentions that Nokia is expected to make several disappointing disclosures in its conference call scheduled for June 10. Wells Fargo expects Nokia to forecast poor prospects for its infrastructure group during the meeting. The analyst adds that there are no visible near-term growth catalysts for the company. [Qualcomm was upgraded to "hold" by Casey Ryan on May 20, 2003] Nokia "Buy" maintained at Wachovia Securities Monday, June 09, 2003 – Analyst Peter Friedland of Wachovia Securities maintains his "buy" rating on Nokia Corporation (NOK). The target price is set to $20. The analyst mentions that the company’s mid-quarter update for Q203 is likely to post mediocre handset sales figures, due to the reduced handset sales in China and an unfavorable euro/dollar exchange rate. However, Wachovia expects Nokia to provide positive comments on its CDMA market share gain in the US and China for the period. Nokia "Buy" at Prudential Securities Monday, June 09, 2003 — Analyst Inder M Singh of Prudential Financial issues a "buy" rating on Nokia Corporation (NOK). The target price is set to $25. The analyst believes that Nokia Corporation is progressing on track to deliver in-line shipments of its mobile phones in 2Q03. Moreover, the company's new products have exhibited significant growth potential, adds the analyst. However, Prudential Financial expects that weakness in the dollar may negatively impact the company's revenue growth in the second quarter. << - Eric -