Cell-phone giant Nokia
At that time, Nokia's guidance called for a decline in earnings from an expected euro .17 a share to .08 to .10 a share. Fast-forward to today, and Nokia is telling investors that business is improving and earnings will be in the euro .11-to-.13 range.
For those hearing a Gong Show ring with this news, consider this: Nokia is cash-rich and has industry-leading operating margins -- and the stock sells for a measly 12 times earnings. With the peak holiday season approaching, Nokia is improving just when it really counts.
Alyce Lomax recently reported that there were shortages (because of booming sales) of a popular Nokia model. But, even with an industrywide tightness in some components, Nokia is saying that it expects "healthy sequential volume growth." That hardly sounds like a company in trouble.
When Seth Jayson and I dueled over Nokia, the critics were harping that competitors Motorola
As with any high-technology product, new feature leadership is critical. Nokia, not NEC
The key to Nokia: It dominates a rapidly growing business. When mainframes ruled the computer world, its dominance made IBM
For more chatter about Nokia, see:
Fool contributor W.D. Crotty does not own stock in any of the companies mentioned but does own a Motorola flip phone.