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

To: Mats Ericsson who wrote (1032)	10/8/1998 9:19:00 AM
From: tero kuittinen	Respond to of 34857

Nokia has earlier stated that up to a point, their global manufacturing strategy shields them from currency swings. They do have massive factories in Texas and China, so if the dollar decline and possible Chinese devaluation are modest, they should do OK. What is worrisome is the sense that the whole situation is now completely unstable. Aren't these hedge funds going to take a huge hit over an unexpected currency developments? How many banks were betting that yen will fall when it has actually dramatically strengthened? Maybe Nokia will meet its growth targets only to find out that the world has switched back to squirrel pelts after all the banks have collapsed. So the Merryll Lynch thing is real after all. What galls me is the way these clowns use decimal points in their estimates. Since they never got even the first number of Nokia's growth figures right, isn't it a little rich that they obsess over what the third meaningful number is? Have they no shame after recommending Motorola throughout its decline and neglecting Nokia at their customer's expense? Tero