Nokia is in the catbird s seat in this case. Nokia is ready to profit from the opportunities in China. In addition, Nokia is moving aggressively into CDMA and network equipment. In the opening quarter of 2001, Nokia beat Wall Street estimates once again. Management is excellent.
Operations are crisp, focused, and consistently ahead of the competition, but the problem is price.
Nokia is widely known and well covered, making the stock difficult to buy at the right price. The right strategy with Nokia is to buy whenever Wall Street suffers one of its telecommunications anxiety fits. If that ever happens again, buy more Nokia. Learn More . If you suspect your mutual fund is a lemon, check out our mutual fund lemon list for some funds you might be better off without.