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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: engineer who wrote (62556)4/12/2007 5:07:34 PM
From: Art Bechhoefer  Read Replies (3) | Respond to of 197032
 
They have stated in the 10k that it is more than 3%, yet now they claim it is less. Then who is misreporting earnings?

You got it right! This looks like a violation of securities laws. But the ideal way of pursuing it is NOT by depending on federal regulators, who really don't have their heart in this sort of thing. Instead, the ideal method is New York's Martin Act, which is what former atty. general and now Governor Spitzer used to prosecute companies for misleading the public.

Unfortunately the Martin Act requires that action be instituted by a state or county district attorney, not by a shareholder. The best a shareholder could do in New York would be to accuse Nokia of disseminating misleading information in an effort to manipulate the price of its shares. This would not be an inexpensive strategy.

Art



To: engineer who wrote (62556)4/12/2007 5:15:42 PM
From: estatemakr  Respond to of 197032
 
Too bad Q didn't add that little gem to their retort this afternoon.......



To: engineer who wrote (62556)4/12/2007 5:19:11 PM
From: JGoren  Read Replies (2) | Respond to of 197032
 
Just write the Securities & Exchange Commission, Division of Enforcement, 100 F Street, NE, Washington, DC 20549,
and copy the press releases and compare to the NOK filings with the SEC or its annual report. Let's see if the SEC responds.


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