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 (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: tero kuittinen who wrote (1030)	10/8/1998 8:26:00 AM
From: Shoibal Datta	Respond to of 34857

According to the press in the US, Merrill lowered the growth rates for both Nokia and Ericsson. Nokia was lowered from 17.5% to 12 %. Also, its rating was lowered to near term neutral, long term accumulate. Apparently there is also some concern that the dollars recent slide will significantly affect earnings. Hope this helps. Shoibal

To: tero kuittinen who wrote (1030)	10/8/1998 8:34:00 AM
From: Mats Ericsson	Read Replies (1) \| Respond to of 34857

Yen is rising dollar is crashing. In this environment how does this currency fluctuations impact Nokias results? given that U.S and U.K are big mkt's?

To: tero kuittinen who wrote (1030)	10/8/1998 9:24:00 AM
From: DaveMG	Read Replies (1) \| Respond to of 34857

Tero, What's going on is that people no longer are comfortable with rosy long term projections and are demanding a greater risk premium for stocks, so that although Nokias near term prospects may not have changed one iota, the value ascribed to it has.People with long memories have marvelled in recent years at how PE ratios have expanded, what was once thought of as very very expensive came to be seen as cheap, ie a PE of 20-25.Look at DELL, CSCO, MSFT,how expensive they still are. Sometimes the past is seen as prologue, at others not. I know all of this is probably painfully obvious, but had to throw it out there anyway.. Good Luck....dave