Fool.com: The Rule Maker Portfolio, Rule Maker Adds to Nokia

f Fool.com: The Rule Maker Portfolio, Rule Maker Adds to Nokia Rule Maker Adds to Nokia
On May 2, 2001

The Rule Maker Portfolio plans to invest this month's $500 installment in cell phone giant Nokia <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: NOK)") else Response.Write("(NYSE: NOK)") end if %>. 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 <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ERICY)") else Response.Write("(Nasdaq: ERICY)") end if %>. Nokia continues distancing itself from the pack.

ACTION  #  STOCK     PRICE   COMS'N   CASH PAID
Bought  15   NOK    $34.41        0     $516.15