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Technology Stocks : Nokia (NOK)

NOK 6.835

-1.1%

Nov 7 9:30 AM EST

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To: Labrador who wrote (3478)	2/1/2000 7:53:00 AM
From: tero kuittinen	Read Replies (2) of 34857

You don't seem to realize what's happening in the Brazilian CDMA phone market. I don't think you know what Nokia's year 2000 US CDMA strategy is, either. So saying that Nokia is not placing bets on CDMA based on 1999 would be totally false. Backward-looking analysis on Nokia's product strategy have never worked. Investors complained about lack of miniature models right up until Nokia stormed this segment. Motorola's early-mover advantage evaporated practically overnight. If Nokia does not place a lot of stress on being the first in every product segment - that's because they have a tendency to time the product launches to coincide with maximizing the profits. Take another look at the handset profit margin and you see what I mean. To me, maximizing profits is what companies should do. Getting bragging rights for being an early adapter is an empty victory if it involves inferior margins. Tero

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