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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.25

+0.6%

Dec 19 9:30 AM EST

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To: Cooters who wrote (89021)	12/5/2000 10:57:06 AM
From: Getch	Read Replies (1) of 152472

>>HELSINKI, Finland--(BUSINESS WIRE)--Dec. 5, 2000--Nokia today extended the company's revenue growth target of 25-35% from 2002 to include 2003... ...Nokia announced that it is executing its strategy to become a leader in the CDMA handset business. The company is now shipping its new tri-mode Nokia 5185i (CDMA1900/800/AMPS) phone in large volumes and, in 2001, is planning to bring exciting new models to the market - including Korea. Nokia also announced that a new mobile phone model specifically for the trend-setting Asia Pacific markets would be launched before the end of this year.<< From my memory of the details of the Telson/Nokia production agreement, Nokia can not sell a 1X phone without a 3G license agreement. Any new mobile phone model for Asia Pacific would have to be 1X to be "trend-setting", and therefor would need a license..."before the end of this year".

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