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Technology Stocks : Nokia (NOK)
NOK 6.480-0.2%Jan 9 9:30 AM EST

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To: Nils Mork-Ulnes who wrote ()6/29/2000 9:49:00 AM
From: Ruffian  Read Replies (1) of 34857
 
0900 GMT (Dow Jones) HELSINKI--Nokia (NOK) down 7.7% to
EUR50.55 in depressed market as brokers say the comment by Ericsson's
(ERICY) president that equipment suppliers face increased financial risk
from high 3-G license fees accelerating the fall. Analysts cite several
reasons for stock's 20% drop within one week. CEO Ollila saying in a
Israel speech Monday that company has fallen behind 18 months in
CDMA technology "was very rare statement which further pushed the
stock down as Nokia is at its weakest in CDMA technology," one analyst
says. (JT)
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