Forum Archive Index - April 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

Hi all,

 

You may remember CLT - Cellnet (approx 65c when first posted last year). CLT is now sitting at $1.35.

 

Nokia last year renegged on plans to renew agreements with several Aust companies - worse, some of these companies were highly reliant on Nokia for a substantial proportion of their revenue - again worse,  Nokia kept them all dangling right up to the very last minute before they pulled the plug.

 

Cellnet was one of those companies but it seems ...... what goes around comes around:

 

The following is an extract from Slattery's InternetWatch - April 12, 2004 - page 5

 

Mobile business

Nokia stunned the communications industry last week when it announced that its first quarter sales will not reach targets and may even fall two per cent below sales generated in the first quarter of 2003. The company’s mobile phone and multimedia business groups performed poorly as mobile phone sales declined in Europe and Asia and the product mix was weighted more to the low end than had been forecast. www.nokia.com

 

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Friday, September 05, 2003 9:28 AM

Subject: CLT may surprise

Cellnet (CLT)

 

Don't underestimate after loss of Nokia contract. They have their own range of accessories (better margins), additional products and services, and are likely to have had a good year of trading.

 

__________

Watch List - Posted 29.7.03

CLT

Cellnet signed an agreement with Nokia earlier this year. They've also recently acquired a private IT company. Qld Invest Corp became a substantial shareholder in June.