Richard Windsor
Richard Windsor
Richard Windsorserved the Lewis and Clark Expedition and Corps of Discovery as a hunter, scout, and woodsman...
definitely expecting exposure forecasts greatest growth leader means mobile optimistic overall percent perhaps position quarter relatively simply sometime terms woods
It's definitely not out of the woods yet in terms of mobile infrastructure, ... However, we are relatively optimistic overall for 2002. We are expecting an overall 7 percent growth in the infrastructure market, which means that perhaps sometime in quarter 1 or 2 that Ericsson will be in a position to outperform forecasts simply because it has the greatest exposure and is the world leader in its field.
almost beautiful combined entity geographic industry means operator present product spread
Big is beautiful in this industry. The widest geographic and product spread in the industry means that the combined entity will be present in almost every operator and will have the most comprehensive offering.
management problem recognize slow
Management has been very slow to recognize there's a problem and do anything about it.
business division outlook remains strength
Business is going from strength to strength... The outlook for this division remains strong.
believe clearly diminished leading poor results risk
Nokia is clearly very confident, leading us to believe that the risk of poor first-quarter results has diminished significantly.
stopping terms
The turnaround, in terms of stopping the rot, has worked,
bit confirmed fact fourth hard number outlook quarter remains stock
I would say the outlook for the fourth quarter remains pretty strong, but the fact that they haven't actually confirmed that with a hard number is making the stock a bit jumpy.
actual devices importance interest level
It is interesting that the level of interest in these devices will be very low, but their actual importance is really high.
good omen quarter recovers rest toward
If Nokia has problems, it has always been in the first quarter, and then it recovers toward the end of the year. If the first quarter is good, it's a good omen for the rest of the year.
mobile performance phones stellar
Once again, the stellar performance of mobile phones has been marred by difficulties at Nokia networks.
attention company continue continuing decline fairly large main margin next operating particular pay post profits quarters reason rely simply
For the next two quarters or so, the company to pay particular attention to is Nokia, ... The main reason for that is with the continuing decline in the infrastructure market, Nokia will continue to post profits simply because it has a fairly large operating margin it can rely on.
billion cash company flow forecast proves
The cash flow was 1 billion better that my forecast that proves the company is not going bankrupt,
believe clearly continue difficult great growth result
These are clearly great results, but in being so they make growth in 2006 all the more difficult to achieve. As a result we continue to believe that Ericsson is overvalued and reiterate our 'sell' recommendation.
adds cyclical entering growth indicator key looks market mobile net outlook
The market is entering a cyclical downturn as net additions slow. Net adds are a key indicator of growth in the mobile infrastructure market. 2006 outlook looks challenging.