وجه السعد
29-09-2003, Mon 9:22 PM
NOK
The Barron's Cover Story suggests NOK is poised for growth with attractive valuations. Concerns continue to be potential loss of its 35.9% in market share of the cell phone markets, any declines in prices over its cell phones, and the sustainability of its operating margins on handsets that exceed roughly 20%. However, a San Francisco-based analyst with American Technology Research, says the stock provides a 10% free cash-flow yield and believes the stock is worth close to $30 an American Depository Receipt, which is nearly twice its current price. The article also suggests its network infrastructure business representing 20% of sales should stabilize in 2004, with a reduction in demand for older GSM equipment offset by carrier orders for hardware to build out the new 2.5G and 3G networks
The Barron's Cover Story suggests NOK is poised for growth with attractive valuations. Concerns continue to be potential loss of its 35.9% in market share of the cell phone markets, any declines in prices over its cell phones, and the sustainability of its operating margins on handsets that exceed roughly 20%. However, a San Francisco-based analyst with American Technology Research, says the stock provides a 10% free cash-flow yield and believes the stock is worth close to $30 an American Depository Receipt, which is nearly twice its current price. The article also suggests its network infrastructure business representing 20% of sales should stabilize in 2004, with a reduction in demand for older GSM equipment offset by carrier orders for hardware to build out the new 2.5G and 3G networks