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Technology Stocks : Nokia (NOK)

NOK 6.625

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11:04 AM EST

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To: Caxton Rhodes who wrote (2741)	11/17/1999 1:14:00 PM
From: Mephisto	Read Replies (4) of 34857

Nokia sees 600 mln WAP phones in 2005 - paper HELSINKI, Nov 17 (Reuters) - The head of Finnish telecom equipment group Nokia [NOK1V-news][NOK-news] expects the market for mobile phones with the Wireless Application Protocol (WAP) to grow rapidly, business daily Kauppalehti reported. "The number of WAP phones is projected to rise to 600 million in 2005," Chairman Jorma Ollila was quoted as telling experts in New York. WAP is a new standard giving mobile phones access to data services on the Internet, and Ollila said he expected WAP to become the leading route for accessing the Internet. "It will become the same kind of standard for mobile phones as the World Wide Web is for the Internet," Ollila told the paper. "The next five years will be the time when the Internet and mobile phones converge." WAP mobile phones are only now reaching the market after Nokia began shipping its 7100 series at the end of September. Nokia's Swedish rival Ericsson [LMEb-news] has earlier said that more than half of all mobile phone users would have WAP-enabled phones by the beginning of 2001. By the end of this year, the number of mobile phone users in the world is forecast to be 450 million, but Kauppalehti quoted Ollila as saying the number could exceed 1.2 billion in 2005.

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