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Technology Stocks : Nokia (NOK)

NOK 6.730

-0.7%

Nov 14 9:30 AM EST

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To: slacker711 who wrote (5028)	5/26/2000 3:52:00 PM
From: tero kuittinen	Read Replies (1) of 34857

I think you assume you know what is the Ericsson definition of W-CDMA - what portion of the overall 3G order is relevant to Qualcomm patents. I wouldn't make that call just yet. Let's forget Liechtenstein - it's lame, but not as lame as Ericsson's land W-CDMA order (Population: 70 000). That's roughly equal to one block in downtown New York. Nokia has announced W-CDMA deals with KPN and Viag - this effectively means that Nokia already has one of the German and one of the Dutch 3G deals. It's very likely that at least one French license goes to either a KPN or a Viag partner. Telefonica is Nokia's surest bet in Spain. Nothing much has happened in Europe yet - most of the English deals are still unannounced. Spain should be interesting. That 3G license is probably a major reason why FT wants Orange so bad; they get to sneak into British 3G market via kitchen door. KPN/NTT-DoCoMo acquisition might be best for Nokia. Tero

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