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

To: exihubuser who wrote (3384)	5/15/2005 2:18:39 PM
From: Eric L	Read Replies (2) \| Respond to of 9255

Nokia Insitutional Ownership << I do believe that NOK's ownership was much higher in the 2001 time frame than it is now. >> I believe that at its peak in early to mid-2000 institutional ownership of Nokia was ~24%. For several years in the late nineties and into 2000 Janus Capital was the largest institutional investor in Nokia. At the end of December 1999 Janus Capital Corporation held 6.53% of the total voting rights and share capital of Nokia and Nokia was the top holding in seven of the company's 15 funds: press.nokia.com By mid 2001 that had reduced to 4.73 % and today it is 0.46%. Smith Barney Asset Management is the largest institutional holder with 0.9% year ending 2004 followed by Morgan Stanley, Fidelity, with Janus Capital 5th. I personally think Nokia is currently in a very nice position. Institutional ownership of NOK ADRs and common stock is relativelyt low which I consider to be a positive, not a negative, since it makes NOK less subject to volatility than S&P 500 large caps with 60 to 90% held by institutions but it is returning to favor with the professional managers of institutions which I think makes the situation very positive because other institutions and non-institutional dollars are likely to follow in, barring negative surprises or share erosion or a general sharp market or sector downturn. Best, - Eric -