LEAPS On Nokia - NOK

Purchased 5 LEAPS (Call) in Nokia (NOK) Corp ADR. These Call LEAPS have a strike price $20 with expiration date of Jan 2009.

Why Nokia?

• I think it is undervalued
• Great product line and improving
• Good financials
• Market leader
• Better brand recognition - first hand unscientific survey in Asia and Europe. Read people watching :)

This makes my third investment after Apple Computer (AAPL) and Joy Global (JOYG). Keeping fingers crossed !!!