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Nokia Corporation Message Board

  • finadvatprusec finadvatprusec Mar 24, 1998 12:31 PM Flag


    As I stated earlier WAXS is likely to reach 45 by the end of the year.
    The company is trying to broaden its range of products, and it is likely to make more acquisitions rather than internal development.
    If the deal with Resurgens is successful, WAXS will double its revenue base to $400 millions and be a complete network access and equipment provider.
    Earning est for yr98: $1.15

    Regarding IOM(IOMEGA), I believe this is a good time to buy. The company has:
    -low P/E ratio
    -new products just released (clik!,Jaz2, Buzz)
    -very good marketing
    -respectful name
    -Zip drive becoming a standard device for storage (sold within any new upscale computer, even notebooks)
    On the other side, some events are affecting its stock price:
    -lawsuits from shareholders that lost money about two months ago, when the stock price fell about 30%
    -same lawyers releasing news up to 10 times for the same lawsuit, hoping to better justify their cause, and probably speculating on the stock price
    -unresolved lawsuit against Nomai, french producer of fake Zip disks
    -earnings flat (maybe, maybe not) for the next quarter, caused by:
    --a lower margin on revenue
    --expensive advertising campaign

    Therefore the future for IOMEGA looks pretty uncertain, but I am confident that this company will meet analyst's expected price for the end of the year of $18/shr.
    Good luck to all of you

5.00-0.07(-1.40%)Oct 20 4:02 PMEDT