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

To: elmatador who wrote (26517)	6/9/2004 10:22:03 AM
From: carranza2	Read Replies (3) \| Respond to of 34857

C2, I'm just curious: what happens after the canary dies? One of two things: the miners notice, and take immediate action to correct the problem, or they don't notice, and they are slowly overcome by deadly gas. Very difficult for me to guess at which stage Nokia may presently be in. If the crop of just plain weird handsets continues unabated, it is quite possible that Nokia's handset designers have become irreversibly anoxic. On the other hand, Nokia does have a tremendous balance sheet. It can afford first-class emergency care. As you well know, such a thing is very expensive. We could see a renaissance, we could see a continuing slow progression downwards, the start of which we have witnessed in the past few months. I have no clue where Nokia is going to go. Could be one hell of a long term value play, could be a disaster in the making. It's not too late for Nokia, but there is not much time left. I have seen no signs of any kinds of a serious re-invention effort. Of course, these efforts may not necessarily be visible to anyone. I'm not plunking my money down on it at this time, despite the potential for a terrific value play, because I'm not sure Nokia management is up to the task. Given its previous massive advantage, it is hard to believe that its top managers have squandered the opportunities Nokia worked so hard to get. They need to go. Nokia would do well to hire some good Asians at the top spots, bring some of their vision and drive into what appears to be a stultified corporate culture. It is a company in need of very serious changes in vision and leadership. The recent price cuts are not going to do it--it needs major systemic changes. What do you think?