Nokia (NOK $ 37.05) may start to climb again. It has established its share in cellphone market quite well, rising steadily and 37% of the market now. Not in USA - yet - but it sells very, very good in Asia. Headquarters are still in Finland, and will stay as far as I know.
Nokia has become a steady, solid blue chip stock = boring? Such was it by no means, when all began, when the future of cellphones started to take shape. Nokia has made many Finnish people rich. Those were the days, when a stock split was a blessing for shareholders. If you bought 1000 shares in 1995, in 2000 you had 100.000. First split was 10:1, then 2:1, then 2:1 and then 4:1. And half a year after the split, the shareprice was again the same as before split. Those were the days.
Then followed the years of competition and uncertainty. The shareprice plummeted, as the investors were not sure, if Nokia can get through the quite heavy competition (Ericsson, Motorola, Qualcomm, Siemens, Philips, LG, Fujitsu, Samsung, BenQ etc, etc). Now it looks like it has been able to build such a selection of cellphones, which sells steadily and strong.
Nokia has been and still is very important to Finland. Although they have outsourced many sub-contractors to China and India, design and planning and even some manufacturing have stayed here.
AI
