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

To: alruss who wrote (599)	4/7/1998 6:19:00 AM
From: tero kuittinen	Respond to of 34857

May 115 sounds pretty nice right now. Unless Mot, the hightech company from hell, manages to spoil confidence in Nokia. Yesterday's announcement was pretty much the cheesy horror show that was expected. The mobile phone sales are almost flat, somehow the profit margin keeps plummeting (touching nearly 2%... GM anyone?), etc. Watching this company unravel is morbidly fascinating. It's like a slow-mo car-wreck. A surreal touch of low comedy was lent by the management which is still touting the sales of the digital phones. Hello? How come the profit margin halved if the digital phones are selling well... they are supposed to have higher margins than analog phones. All of that was pretty much expected, though, the biggest shock being the announcement that the second quarter will be even worse! I guess this gives Nokia a good opportunity to once and for all show the difference between the companies. Nokia might manage a six times higher profit margin and seven times faster sales growth. Tero