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

To: Paul Shread who wrote (939)	8/31/1998 11:19:00 AM
From: tero kuittinen	Read Replies (2) \| Respond to of 34857

Let's hope so... they entered at 70,5 bucks and will not hesitate to disinherit me if I made a wrong call... Venezuela you better not devalue! Seriously, I'm glad to see some surprising strength in Nokia today. It's actually up even as Motorola, Lucent, Iridium and Qualcomm are hit by panic selling. The third quarter is still projected to be the best in the company history and that is probably putting a floor under Noka. I hope. In this darkest hour Ericsson and Nokia are faring better than telecom companies in general... perhaps GSM is perceived to have an advantage if the worst case scenario will unfold. In the end the small investors have nowhere to run - stocks are the only viable long term option. And mobile telecom is too tempting to abandon for US bonds. I hope Nokia will emerge as the kind of telecom safe haven Dell is apparently becoming in computer sector. Certainly the low exposure to the worst basket cases like Russia, Korea and Japan is helping Nokia. In this atmosphere the third quarter results will acquire an importance that is out of all proportion... investors are more skittish than in living memory. It's a genuine stroke of luck that Nokia's product cycle is entering its most favorable phase exactly as the companies come under intense scrutiny. This is the last quarter when Nokia's new GSM and TDMA models are running with no competition whatsoever - in the 4Q Motorola and Ericsson may have some new models in the shops. Can't wait to see how Motorola handles its eagerly anticipated September profit warning. Will there be a one-time charge? Or will they announce a loss? How will the Street react? Ericsson is running a mammoth ad campaign here in Europe to shore up the sales of 888. It smacks of desperation; the phone is almost 200 grams and derivative of 1996 models despite of some bells and whistles. After the dust settles in the 3Q result clash there could be a major realignment in the stock prices of the Big Three. Tero