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Technology Stocks : Nokia
NOK 5.185+1.9%3:59 PM EDT
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To: Tracy Vonah who wrote (3)12/14/1995 10:00:00 PM
From: Richard K.   of 14
 
On a more positive note after today's further thrashing, Paine Webber put out a buy rating on the stock late this afternoon.The analyst said he sees the company earning $3.60 a share for 1996. He further added that the stock was well off it's year high of 78 set in September. He said at present this provides investors with an opportunity. He said he sees strong growth in the worldwide digital cellular market, with 50 million subscribers today growing to 350 million over five years.

This news didn't seem to help the stock much today, but once the hysteria of sellers settles down, many more analysts will look at this stock and come to the same conclusion that it is undervalued.

Richard
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