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


To: Dash of Reality who wrote (76311)4/15/2008 10:27:41 AM
From: quartersawyer  Read Replies (2) | Respond to of 196958
 
their stock price will suffer greatly
as has QCOM . The numbers for "damage" to the company, its investors and partners caused by Nokia's long term concerted effort to do harm will (would) be presented in the trial. Most interesting part.



To: Dash of Reality who wrote (76311)4/16/2008 11:55:55 AM
From: scratchmyback  Respond to of 196958
 
<<If Nokia should lose any part of this court case, their stock price will suffer greatly. Regardless of how much this will actually effect Nokia's overall business or negotiations with Qualcomm, investor perception will cause the stock to drop substantially.>>

I do agree that Nokia's share price would suffer, at least for some time. But how low do you think Nokia's valuation could fall? It is currently trading at trailing P/E of 11.5, and the continuous buy-backs will keep on reducing the number of shares.

Besides, I don't think Nokia's management or board pay that much attention on short term fluctuations in the share price. They never comment on the share price in public, and the only reaction to sudden drops in the share price that I have seen has been acceleration of share buy-backs.