Zeev's Turnips Patch-No Politics (ZEEV)

[Jerry Olson]

:13 NOK Nokia boosts guidance on strong volume growth (12.71 )

Company issues upside guidance for Q3 (Sep), sees EPS of 0.11-0.13 euros on revs of 6.8-6.9 bln euro, up from previous company guidance (issued in July) of 0.08-0.10 euros in EPS on revs of 6.6-6.8 bln euro. Converted to dollars using current exchange rate, this equates to Q3 EPS of $0.14-0.16 vs Reuters Estimates consensus of $0.11 on revs of $8.28-8.4 bln, consensus $8.04 bln. "The global mobile device market has continued its strong volume growth in the third quarter 2004, and Nokia expects healthy sequential volume growth in its mobile device sales. The company has been able to deliver mobile devices in higher volumes than previously estimated despite industry-wide tightness in some components".


SHOULD bode well for QCOM i am long at 40.00