Investors, he says, have given Nokia good feedback about its communication. There could be an upside surprise if Nokia manages to squeeze component suppliers that have been experiencing record margins, such as Germany's Epcos . Marketing and administration costs were lower as a percentage of sales than a year earlier. Cash generation looks very solid, with net cash from operations rising to 1.72 billion euros from 608 million euros a year earlier. But there may be a larger point to be made.
Investors are still desperate to believe.
They don't care if the company can't give accurate guidance, as long as the news is good. Nokia has to make sure it stays that way. Inc. All Rights Reserved. Copyright and reprint information. Contents Journal Links Personal Jrnl.