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Technology Stocks : Nokia (NOK)

NOK 6.160

+1.5%

Dec 8 3:59 PM EST

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To: Joar who wrote (7004)	8/24/2000 8:12:06 PM
From: Maverick	Read Replies (1) of 34857

Gilder Report Argues for CDMA Technology - Gilder Report Argues for CDMA (Steve Milunovich 212-449-2047) Excerpts fr Merrill Lynch • George Gilder's August Technology Report came out yesterday. He argued that the technical superiority of CDMA will ultimately win out despite GSM's market share lead today. • George remains negative on TDMA technology, the basis for the GSM standard he sees promoted mostly by governments. CDMA's great feat is that it uses processing to turn noise into silence. He points out that most promised 3G approaches use some form of CDMA. He thinks that both GPRS and EDGE will be hard pressed to compete with a CDMA 2000/HDR combination. • Qualcomm (QCOM; $56 7/16; C-3-1-9) is still his favorite name in CDMA. Our analyst Michael Ching has an intermediate term Neutral on the stock due to the transition to 3G. Also, George added Wireless Facilities, Inc. (WFII), a provider of outsourced wireless services, to his Telecosm list of favored companies.

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