Things are not as bad as they seem. For example Nokia had quite good
growth in high end smartphone devices the last quarter, about 35% unit
increase in 5800/97, compared to 37% unit increase for iPhone. Also I
think Nokia teaming up with Microsoft will help to take on RIM
eventually, and new devices should at least be somewhat iPhone
competitive, so things will only get better from here, the way I see
it.

While I don´t own any Nokia products and like Apple much more, I think
the clue to investing is to buy what is depressed and to avoid what is
overpriced. Apple has a P/E of 35 and would have to continue a
formidable growth for many years in order for it to be a good
investment, because it´s always the risk of the growth stagnating and
then the P/E to drop down to 10-20. Nokia on the other hand is now
trading at only 6 times pre september 2008 earnings. Statistically it
is much more likely Nokia will go up than Apple over the next years.

I guess the situation is a little bit like in 2004, where the stock
dropped from $23 to $11 and it took 2-3 years for it to go up to $23
again. But by the end of 2007 it was trading at $40. Giant
corporations like Nokia takes a lot of time to turn around, but should
not be discounted (neither should Microsoft, in my opinion).

I believe earnings will be suprisingly good the next quarter, so I´m
starting to accumulate Nokia shares here.

On 19 Okt., 16:49, JTNews <jtnews2...@gmail.com> wrote: