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

To: tero kuittinen who wrote (456)	12/12/1997 1:16:00 PM
From: Dwight E. Karlsen	Respond to of 34857

You're right Tero, in that the Asian situation is a continuing nightmare. The Korean situation looks worse than what Thailand and Hong Kong went through. The whole Asian thing is reaching epic proportions. I don't ever remember so many nations more or less simultaneously experiencing economic melt-down. After being able to resist Nokia for a very long time, I finally bought some Jan. 70 calls yesterday. Today I bought just 2 Jan 65 call contracts for 5-3/4. Maybe it's all more money down the drain, we'll see. At least I have some breathing room time before they expire. I was very tempted to bail out today (because of the gap-up, I could have actually made a little money). But I didn't, because I was hoping that the good economic report out (producer prices) this morning would help the whole market, carrying Nokia up with it. Well, it could be worse (and may will be). Tero, what about all those system contracts Nokia announced a few months ago? Surely those will help future earnings from being disastrous? Also, when Nokia gets paid for a cellular infrastructure system installed in an Asia country, isn't the contract price in FIM, I hope? I appreciate the fact that even though you believe Nokia is a world-class, etc. company, you're not afraid to try to find all the potential negatives. You continue to provide among the very best fundamental analysis available on a company specific and industry specific basis. DK

To: tero kuittinen who wrote (456)	12/12/1997 3:51:00 PM
From: DMaA	Respond to of 34857

>>Off topic - Korea<< A small snap shot of how rotten the Korean economy really is from today's WSJ" Bambang Trihatmodjo gets my vote for symbolic poster child of the financial crisis in Southeast Asia. One of Indonesian President Suharto's entrepreneurial children, Mr. Bambang opened up a bank, happily accepted deposits from thousands of Indonesian citizens, and promptly loaned a big chunk of those deposits to his own company--one that happened to be highly unprofitable despite generous government protection. Strictly speaking, such banking practices are against Indonesian law. But then, no one wanted to be too strict with one of the president's children. When his institution appeared on the list of 16 troubled banks ordered closed as part of an IMF rescue package of over $40 billion dollars, Mr. Bambang filed a lawsuit against the minister of finance and the governor of the central bank. The essence of his claim? That he was being treated unfairly, since "90% of the other banks in the country did the same thing." Observers weren't sure whether they should gasp because of what he said or because he had the audacity to say it.

To: tero kuittinen who wrote (456)	12/14/1997 3:16:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 34857

Ericsson views China as strong: Saturday December 13, 11:30 am Eastern Time biz.yahoo.com Company Press Release Ericsson in China --(BUSINESS WIRE)--Dec. 13, 1997--Ericsson's president in China, John Gilbertson, today in an interview in the Swedish paper Dagens Industri, in the light of the turbulence in certain Asian economies, has made the following comments regarding his view of business in China: Ericsson in China views the Chinese domestic market as strong and relatively protected from repercussions from the turbulence in some of the other Asian economies. Orders and sales this year have improved and on this basis we now expect a continued improvement with sales reaching 2,400-2,500 MUSD during 1998. Sales of mobile phones in the Chinese market are expected to total 12-14 million next year with Ericsson hoping to achieve a market share of around 30 percent. Sales of mobile systems (GSM) may increase by 25-30 percent next year whereas fixed network equipment sales will continue to face tough price pressures. Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks, mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications. FOR FURTHER INFORMATION, PLEASE CONTACT Uldis Zervens, Regional Manager, East Asia, Ericsson Corporate Markets Tel. +46 70 510 7091 Lars A. Stalberg, Information Director, Ericsson Corporate Relations ------------------ Tero - Does Samsung have mobile handsets as good as Nokia's?