How many companies are as big, have as much cash, and are expected to grow at 30-40% conservatively (coming from the CEO)? The answer is very few.
Nomura Sees Nokia As Biggest PC Group
Dec 10 8:09am ET
LONDON (Reuters) - Global mobile handset leader Finland's Nokia (NOK1V.HE) will, by 2002, be ``the world's leading personal computer company' by unit sales, investment bank Nomura said in a weekly note published on Friday.
``Think about it, the mobile phone will become the world's biggest selling computer,' the note said, alluding to moves to bring more sophisticated data onto mobile phones.
``The year 2002 is likely to be a watershed year for the computer industry because there will then be more mobile phones connected to the Internet than personal computers,' Nomura said.
It said that a joint venture in wireless Internet between global software leader Microsoft (MSFT.O) and mobile infrastructure leader Ericsson (LMEb.ST) ``demonstrates the shift of power that is taking place within the computer industry.
``European companies ... will increasingly dictate the shape and future of the computer industry as mobility and consumer friendliness win out over brute power,' it said.
As well as more deals between Microsoft and mobile phone groups to increase the software group's reach, Nomura said it expected U.S. computer companies like Sun Microsystems (SUNW.O), International Business Machines Corp (IBM.N), Compaq Computer Corp (CPQ.N) and Dell Computer Corp (DELL.O) also to step up such allegiances.
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