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Technology Stocks : Nokia (NOK)

NOK 6.835

-1.1%

Nov 7 9:30 AM EST

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To: Maurice Winn who wrote (8738)	1/9/2001 4:28:39 PM
From: tero kuittinen	Read Replies (2) of 34857

I know it's a mistake to read this thread on a bad day... yet it's morbidly addictive. Maurice - I really expected you would be in a better mood after the last two weeks. I mean - Globalstar is up like 100% year-to-date. It's just about the best-performing stock in 2001 in the world! So chill, dude. "They have excluded QUALCOMM [along with the other GSM Guild [GG] members] from the standards development." What is this "they"? Nokia, DoCoMo and Ericsson welcomed other companies to partake in W-CDMA development way back in 1997. That offer was openly scorned by Qualcomm, Alcatel, Siemens, Motorola, etc. Nobody has been "excluded" from W-CDMA development. There were companies that decided to campaign against W-CDMA in order to promote alternative standards. That was the corporate strategy some companies chose to follow. Unfortunately - betting against Ericsson in the matters of mobile infrastructure market development rarely pays off. Generally speaking, you either get with the program set by Stockholm or wake up one morning with a moosehead in your bed. Nokia chose to follow Ericsson's lead - with W-CDMA and GPRS overlays in America and Bluetooth and some other stuff. Not because of any great Nordic sympathy of souls; you better believe that, you old sheep-rustler. But because Nokia realized that bad things happen to good companies that cross Ericsson when it comes to standardization issues. So trying to paint Nokia as some sort of aggressor here doesn't wash. Nokia didn't have much standardization muscle back in 1996-1998 when stuff like W-CDMA and GPRS was cooked up. What it did have was some common sense. Sometimes that goes a long way. Tero

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