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Technology Stocks : NOKIA NEWS
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To: Mephisto who started this subject10/23/2000 2:02:29 AM
From: Mephisto   of 212
 

Nokia'a CEO claims: Two New 3G Customers per Day in the Future

Mr. Ollila predicted that the building of advanced new third-generation networks -- known as UMTS, or universal mobile telecommunications systems -- will start in earnest next year. UMTS will allow for high-speed wireless transmission of data, audio and video.

Operating licenses for UMTS networks were auctioned off in the U.K. and Germany for billions of dollars, prompting investor concerns over whether operators can create profits within the next decade.

"We haven't seen anything yet when it comes to 3G," says Mr. Ollila of the third-generation networks. "We've only scratched the surface. We're in the ramp-up phase but in the next few months we will really start seeing things happening. I'm talking to two new 3G customers per day."


Excerpt from: Nokia's Pretax Profits Soars Above Analysts Expectations

By: Almar Latour
Staff Reporter of The Wall Street Journal
October 20, 2000

public.wsj.com
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