2009
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 NOK: Increased pressure will test management's methodical approach. (December 2, 2009)
NOK: Expect another anemic quarter before a sustained rebound in 1H10. (October 15, 2009)
NOK: Preview: Difficult period in networks ahead but OEM business could see upside. Maintain Market Perform. (October 7, 2009)
NOK: Manufacturing orthodoxy will continue to impede progress in Smartphones. Downgrade to Market Perform. (July 16, 2009)
NOK: Preview: Handset OEMs seek smartphone hits while data usage drives network expansion. Maintain BUY rating. (July 7, 2009)
NOK: Slow to change but difficult to stop once on the correct track. 1Q09 looks like the bottom. Maintain BUY rating. (April 16, 2009)
NOK: Preview: Low expectations and firming channel inventory could yield slight upside. Maintain BUY rating. (April 9, 2009)
NOK: Balance sheet and commitment to dividend will support NOK during downturn. Maintain BUY rating. (January 23, 2009)
NOK: Preview: Lower unit volumes but share gains in '09. Maintain BUY rating. (January 20, 2009)
2008
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NOK: Changes at the Analyst Day. Maintain BUY rating. (December 4, 2008)
NOK: Market share, margins and mix-shift are competitive advantages in this downturn. Maintain BUY rating. (October 17, 2008)
NOK: Nokia is a defensive play with growth potential in 2009. Maintain BUY rating. (October 10, 2008)
NOK: Strong cash flow should lead to a more aggressive buyback after sell-off. Maintain BUY rating. (September 16, 2008)
NOK: Irrational fears about loss of share and profitability dismissed by in-line quarter. Maintain BUY rating. (July 18, 2008)
NOK: Preview: Record low valuation in the face of in-line quarter suggests upside. Maintain BUY rating. (July 14, 2008)
NOK: Five reasons to accumulate NOK. Maintain BUY rating. (June 9, 2008)
NOK: Snatching Defeat from the Jaws of Victory. Maintain BUY rating. (April 21, 2008)
NOK: Preview: Weak 3G offset by strong low-end growth and share gains at Motorola's expense. Maintain BUY rating. (April 15, 2008)
NOK: Big wins at Verizon and AT&T could drive WW market share above 40% in '08. Maintain BUY. (March 28, 2008)
NOK: The only threat to Nokia in 2008 is Nokia. Maintain BUY. (January 24, 2008)
NOK: Preview: Strong industry demand, weak competitors point to upside. Maintain BUY. (January 23, 2008)
2007
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NOK: Robust demand, weak competition, several more quarters of strong growth. Reiterate BUY. (October 19, 2007)
NOK: Preview: Upside in phones will more than offset weakness in infrastructure. Reiterate BUY. (October 15, 2007)
NOK: Fear, uncertainty and doubt as Nokia’s shift in suppliers presents buying opportunities. BUY. (August 10, 2007)
NOK: Strong quarter will likely be followed by several more. Reiterate BUY. (August 2, 2007)
NOK: Preview: Upside in phones swamp out downside in Networks. Reiterate BUY. (August 1, 2007)
NOK: Meetings with management: undaunted by QCOM or AAPL. Reiterate BUY. (June 18, 2007)
NOK: On the upward slope of the handset cycle. Maintain BUY. (April 19, 2007)
NOK: Preview: In-line to slight upside on strong industry phone demand. Reiterate BUY. (April 17, 2007)
NOK: Capturing replacement buyers in emerging markets. Upgrading to BUY from Market Perform. (February 22, 2007)
NOK: Large gains in phones will continue in 1H07. Increasing estimates. Raising rating. Market Perform. (January 25, 2007)
2006
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NOK: Demand mix shifts away from NOK sweet spot. Reduce estimates, maintain Market Underperform. (October 19, 2006)
NOK: Preview: Intensifying competition taking share. Reiterate Market Underperform. (October 13, 2006)
NOK: Concerns on weakening US sales & NOK/SI merger. Downgrade to Market Underperform. (August 31, 2006)
NOK: Weak quarter and share loss will give way to gains in 2H06. Reiterate BUY. (July 20, 2006)
NOK: Preview: Poised for share gains in 2H. Reiterate BUY. (July 13, 2006)
NOK: Nokia/Siemens JV positive in the long term. Reiterate BUY. (June 18, 2006)
NOK: Weak line-up hits North America sales. No threat to estimates. Reiterate BUY. (June 8, 2006)
NOK: Style and mobility emphasis will promote share gain and stock appreciation. Reiterate BUY. (May 12, 2006)
NOK: Strong upside in phones with more to follow in 2006. Reiterate BUY. (April 20, 2006)
NOK: Preview: Upside on higher units and blended ASP with improved 2Q06 guidance. BUY. (April 13, 2006)
NOK: Rebound continues with upside in units, margins & market share. Reiterate BUY. (January 26, 2006)
NOK: Preview: Stable share in phones with improving outlook on new model traction. Reiterate BUY. (January 20, 2006)
2005
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NOK: New phones and positive guidance bode well for near term. Upgrading to BUY. (December 1, 2005)
NOK: Gross margin erosion offset by cost cuts, but 4Q05 guidance weak. Maintain Market Perform. (October 20, 2005)
NOK: Preview: Cost cuts, improved demand bolster outlook but success turns on new models. Market Perform. (October 14, 2005)
NOK: Raising estimates and rating on improved industry demand. Market Perform. (September 13, 2005)
NOK: Management change is positive, but stock will remain depressed. Maintain Market Underperform. (August 1, 2005)
NOK: Pricing and margins down; more to come in 3Q05. Downgrading to Market Underperform. (July 21, 2005)
NOK: Preview: Weakness in Europe offset by stronger worldwide demand. Maintain BUY. (July 18, 2005)
NOK: N91 music phone may miss the mark, but success of MP3-enabled phones is inevitable. Maintain BUY. (April 27, 2005)
NOK: Revenue, unit sales, margins and guidance exceed expectations. Reiterate BUY. (April 21, 2005)
NOK: Hype vs. Reality at 3GSM Congress 2005 in Cannes, France. (February 14, 2005)
NOK: Unit sales, ASPs and market share gains exceed expectations. Raising estimates. Maintain BUY. (January 27, 2005)
NOK: Preview before earnings call on Thursday, 1/27 at 8am (EST). Maintain Buy. (January 20, 2005)
2004
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NOK: More granularity on guidance, but no change from quarterly conference call. Reiterate Buy. (November 4, 2004)
NOK: New models and price cuts bolster sales and market share. Raising estimates and reiterate BUY. (October 14, 2004)
NOK: Preview before earnings call on Thursday, 10/14 at 8am (EDT). Maintain BUY. (October 13, 2004)
NOK: Valuation will likely rebound on improving operating results. Upgrading from MP to BUY. (October 5, 2004)
NOK: Preannouncing upside on quarter. Increasing estimates and rating to Market Perform. (September 10, 2004)
NOK: Market share declines and guidance slashed; cutting estimates and rating to Market Underperform. (July 15, 2004)
NOK: Price cuts likely to regain market share. Higher units, lower margins and revenue in 2Q. (April 16, 2004)
NOK: Inventory key to Nokia report; maintain Market Perform. (April 14, 2004)
NOK: $0.01 upside on record quarter; stellar performance in '03 limits upside in '04. (January 22, 2004)
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