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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (22206)	5/11/2001 6:35:26 AM
From: puborectalis	of 37746

NOK............BEIJING, May 11 (Reuters) - China's mobile phone market will catch up this year to the United States, now the world's largest, the top executive of cellular phone and telecoms gear maker Nokia Corp (NYSE:NOK - news) said on Friday. ``We foresee continued growth that is likely to mean that by the end of this year China will be on a par with the U.S. with the largest mobile subscription rate in the world,'' Nokia chairman and CEO Jorma Ollila (corrects) said at a high-technology forum in Beijing. China's mobile market reached 100 million subscribers last month. The growth of mobile Internet services would drive growth of mobile users and cellular phones would replace personal computers (PCs) as the main tool for using the Internet in the world, Ollila said. Ollila echoed bullish views on the growth of the China market he and other corporate chiefs aired on Thursday at the Fortune Global Forum in Hong Kong, where he said that Nokia had made $2.8 billion in sales from China.

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