Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sisuman who wrote (5780)	8/29/2008 3:10:16 AM
From: scratchmyback	Respond to of 9255

<<But we'll have to wait for the touch screen products till February. With an accompanying boost in the market?>> No, I don't think we need to wait that long. The first touch screen phone (the tube) should be launched in September, with deliveries commencing well before christmas. The tube will be a mid-range product, which should take away the extra glamour from the iPhone category. I guess Nokia's first real high end touch screen phone will be one of the February 2009 releases.

To: sisuman who wrote (5780)	8/29/2008 11:15:10 AM
From: Eric L	Read Replies (1) \| Respond to of 9255

Summer Closes on a Downbeat ... Sisu Man, << It's been a long, tough summer watching the wretched performance of Nokia and the markets in general. >> It has been tough. Anticipated but tough. In my wireless basket QCOM's CYTD positive performance has offset NOK's poor performance, but it would have been nice to see NOK at least hold its own this year. Labor Day signals the end of the Dog days of Summer, a far cry from a year ago when NOK outperformed the markets in general, tech, and wireless ... On Friday before Labor Day here in the USA, NOK poked its head above $33 for the 1st time since May 2001. It evidently didn't like breathing the rarified air up there and retreated to close at a 6 year, 3 month record high of $32.88 (+$0.41 +1.26% for the day) on very light trading. Message 23854167 NOK'll close today over $7.50 off last years summer ending close (-23.5%) and considerably closer to its 52 Week Low of $23.58 than its 52 Week High of $42.22. NOK closed yesterday on NYSE at $25.84 but opened today at $24.97 and My GTC limit buy of $12.99 hit 1¢ below that. That's my 3rd add of the summer following adds at $23.75, and $24.74. I figured I'd get (at least) one last buy in at these sale prices. I expect a reasonably strong close to Nokia's year. The product line refresh is shaping up nicely, and I think Nokia will add at least 2 points of both sell-in and sell through annual share at very good margins. The forex trend is positive and I hope it holds and doesn't deteriorate again. I sense a good quarter shaping up, and an even better Q4. Today's action appears to be negatively affected by an MSCI Index Change and Samsung's whining which I see as partially caused by Nokia ... >> Nokia Shares Fall Before MSCI Index Change -- Traders Tarmo Virki (Helsinki) Sitaraman Shankar (London) Reuters Friday August 29, 2008 reuters.com Shares in the world's top cellphone maker Nokia (NOK1V.HE) fell sharply on Friday as an imminent change in a key MSCI index put pressure on the stock price, traders said. Shares in Nokia were 2.6 percent lower at 17 euros by 1211 GMT, weighing on the DJ Stoxx European technology index which was 1.1 percent weaker. The shares traded as low as 16.90 euros. "The index is being rebalanced tonight and the proforma number of Nokia shares is going to decrease," said an MSCI Barra spokesman. Traders in Helsinki said the rebalancing in the closely followed index meant that some 8 million shares in Nokia were to be sold, hurting the stock. Nokia declined to comment. Traders added that Nokia was also pressured by gloomy comments from its closest rival Samsung in the Wall Street Journal on Friday, which increased fears that the economic downturn would hurt consumer product demand during the key Christmas sales period. "The seasonal gain is being overcome by the macroeconomic weakness," the paper quoted Samsung's investor relations head, Chu Woosik, as telling an investment conference in Seoul. "We see the markets in the U.S. and Europe are softening quite a bit, although emerging-market demand seems to be holding quite well," he was quoted as saying. ### Cheers, - Eric -