To: Eric L who wrote (3315 ) 4/21/2005 8:15:02 PM From: Eric L Respond to Nokia Q1 Press Reaction ...GLOBAL MARKETS: Nokia keeps European Shares Steady, Dollar Weak: Dazzling results from Nokia helped to keep European stock markets on an even keel on Thursday after steep falls in New York and Japan, while benchmark bond yields held near multi-month lows.European Technology Stocks Advance, Led by Nokia: European technology stocks rose, paced by technology companies including Nokia Oyj and SAP AG, which both reported profit that beat estimates. ... Nokia surged 5.6 percent to 12.45 euros. The largest maker of mobile phones today reported first-quarter earnings of 19 cents a share, more than the 15-cent median estimate of 11 analysts surveyed by Bloomberg.Stocks Soar on Strong Earnings Results: Stocks rebounded briskly Thursday as investors welcomed unexpectedly strong earnings results from Nokia Corp. and Motorola Inc., among others.U.S. Stocks Rebound on Strong Earnings, Deals: U.S. stocks climbed in a broad advance on Thursday, rebounding from six-month lows in the previous session, as strong earnings and outlooks from such major companies as cell phone maker Motorola and package deliverer UPS lifted investors' confidence. Among the leading sectors were communications equipment helped by strong outlooks from Motorola Inc. and its bigger rival Nokia of Finland.Quarter Results Point to Industry Growth Slightly Ahead of Expectations: Several companies, including Nokia, Motorola and Qualcomm, have announced their quarterly results over the last couple of days. The figures point to growth continuing slightly ahead of expectations in the global handset industry, with both Motorola and Nokia exceeding guidance in their mobile phone divisions. Nokia said it now expected handset industry unit shipments to rise 15 percent in 2005, up from a previous forecast of 10 percent growth.Nokia's First-Quarter Profit Jumps 18 Percent : Higher demand for handsets in the first quarter gave Nokia Corp. a welcome boost. The world's largest handset maker reported an 18 percent jump in net profit coupled with a 17 percent gain in net sales. -- IDG News --Nokia’s Stellar Quarter : Finnish handset maker’s first-quarter profit beats all market forecasts. Nokia gave a boost to the mobile phone sector on Thursday as its first-quarter profit beat all market forecasts thanks to booming Asian demand. The handset maker was also unusually upbeat about the full year.Nokia Beats Earnings Forecasts in First Quarter: World-leading mobile phone maker Nokia signalled that profits were rising faster than expected despite cut-throat competition weighing heavily on margins. ... Investors were buying into technology stocks worldwide amid hopes that the mobile phone sector was returning to its old strength, traders reported.
