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

To: tero kuittinen who wrote (819)	8/2/1998 2:25:00 PM
From: Penny_Money	Read Replies (1) \| Respond to of 34857

Of Stars and cents Hey Tero, there is only one star here and that is Nokia itself. So quoting old women like me or young men like you has never made any cents. Cheer up :-) Nokia sure seems to be getting popular. Here's an excerpt from the New York Times today (for full article please read the Times) *************************************************** August 2, 1998 (Copyright The New York Times) Mapping the Telecommunications Scene Michael J. Mahoney, a big fan of European stocks and wireless companies, has managed the $1.7 billion AIM Global Telecommunications fund for more than five years, shared his insights on the business. Q. More generally, which particular segments of the telecommunications market are attractive? A. Our belief is that wireless remains the fastest-growing engine in the telecom business. I would always be looking at wireless for both services and equipment. On the wire-line side,enhanced services, basically data services, are certainly the fastest-growing. We thought Worldcom's data business would grow by about 60 percent in the last quarter, and it grew by 75. Q. Why is wireless so attractive? A. Fundamentally, I believe ultimately that people will cut the wire. I don't see the reason for wire-line phones for voice service. If the price was the same, I don't see why anyone would have a wire-line phone. I think they would just put something in their pocket and carry it around. Q. But haven't wireless stocks suffered recently? A. They have. Part of that is AT&T's new Digital One Rate plan,which is aimed at Nextel. But if you take a look at European wireless, where they have the technical problems worked out and everyone is on the same system, they have been great. The ones that come to mind are Telecom Italia Mobile and Mannesmann, which is our largest single position; Vodafone and Orange in the U.K., then the Nordic wireless stocks, like Netcom and Europolitan. Q. What is your No. 1 idea in terms of telecommunications equipment stocks? A. I would say Nokia is the best place to be and Alcatel just a bit behind. Nokia, obviously, because of their wireless business; the reason I like Alcatel is that it's a big restructuring story, and there is a lot of leverage there going forward. ************************************************** I have mixed feelings about Nokia being on the cover of Businessweek. It's a thoroughly incompetent magazine (most reporters, in general, are incompetent as they regurgitate facts that have already happened) but I am happy to get any publicity for Noks. Tero as I said earlier have fun and keep posting. To our friend who owns Ericsson good luck. Remember Nokia is a humble consumer friendly company. It listens. That's why I own their shares. Penny (007 I am a star - look at me, please)