Nokia - Estimates
Nokia MP3 Handsets Could Take Share From Apple IPods
08.05.05, 12:29 PM ET
Standard & Poor's Equity Research reiterated a "hold" rating on American depositary receipts of Nokia (nyse: NOK - news - people ) and raised estimates. S&P Equity Research raised the 2005 earnings estimate to $1.00 per ADR from 98 cents, and raised the 2006 estimate to $1.11 from $1.00. "We expect handset competition to intensify at the mid-range and at the top end, particularly from Motorola (nyse: MOT - news - people ) this year and Samsung next, keeping handset prices and operating margins under continuous pressure," the research firm said. S&P Equity Research said Nokia could gain more market share if its planned launches of MP3 player-enabled handsets take share from Apple Computer (nasdaq: AAPL - news - people ) iPods. The firm maintained a 12-month target price of $17 on Nokia ADRs.
08.05.05, 12:29 PM ET
Standard & Poor's Equity Research reiterated a "hold" rating on American depositary receipts of Nokia (nyse: NOK - news - people ) and raised estimates. S&P Equity Research raised the 2005 earnings estimate to $1.00 per ADR from 98 cents, and raised the 2006 estimate to $1.11 from $1.00. "We expect handset competition to intensify at the mid-range and at the top end, particularly from Motorola (nyse: MOT - news - people ) this year and Samsung next, keeping handset prices and operating margins under continuous pressure," the research firm said. S&P Equity Research said Nokia could gain more market share if its planned launches of MP3 player-enabled handsets take share from Apple Computer (nasdaq: AAPL - news - people ) iPods. The firm maintained a 12-month target price of $17 on Nokia ADRs.
posted at 10:16 a.m.
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