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Technology Stocks : Nokia (NOK)
NOK 6.195+1.3%Dec 2 3:59 PM EST

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To: JohnG who wrote (22011)8/30/2002 4:38:07 PM
From: JohnG  Read Replies (2) of 34857
 
More ARF, ARFF, ARFF.
Credibility, once lost, is most difficult to recoup.

re: what Dow Jones has to say about the latest from Finland

==========

Poor Nokia.

After Vodafone Germany's Juergen von Kuczkowski's August 8 attack of candor with this comment:

"It is less a question of terminal quantity than quality standards, and we are simply not satisfied with
various performance features. This is particularly so with handover problems. Our suppliers, Nokia and
Motorola, are often not able to keep to agreed timetables, and they delay again and again features and
handset deliveries." Message 17858842

Nokia tried to construct its excuses in this fashion:

"In support of this complaint, Nokia admitted it has had problems harmonizing 3G networks and
terminals made by different firms."
Message 17858842

However, Sonera's network and handsets are completely a Nokia 3G creation.

With Sonera, Nokia had the perfect opportunity for success. Not only were all the cards stacked in Nokia's
favor - they were in fact created and manufactured by Nokia.

Was Sonera a strategy for Nokia to launch its handsets and infrastructure with advantage - to hit its first 3G
"ball out of the park"?

Was Nokia sufficiently certain of this strategy that at CEBIT in March it climbed out on a very, very long
limb and publicly stated, for the record, for investor consumption, that its 3G multi-mode handsets were - in
March, 2002 - "real" and "working"?
Message 17185357
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