ACTION # STOCK PRICE COMS'N CASH PAID Bought 15 NOK $34.41 0 $516.15
Rule Maker Adds to Nokia
By Motley Fool Staff – May 2, 2001 at 12:00AM
The Rule Maker Portfolio plans to invest this month's $500 installment in cell phone giant Nokia (NYSE: NOK). In the latest quarter, Nokia grew its handset sales 21% to $5.2 billion, while maintaining 20% operating margins. Its competitors simply can't match this kind of profitability. Nokia's network business, which we don't hear much about, grew 35% to $1.8 billion and recorded operating margins of 18%, compared to margins of 4% for rival and market leader Ericsson (Nasdaq: ERICY). Nokia continues distancing itself from the pack.