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Technology Stocks : Nokia (NOK)

NOK 6.610

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3:59 PM EST

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To: Puck who wrote (9342)	2/21/2001 12:24:43 PM
From: carranza2	Read Replies (1) of 34857

Q is far from agnostic as far as CDMA2000 is concerned. Since it owns 100% of the IPR, it naturally would prefer adoption of CDMA2000 instead of WCDMA. Smart CDMA operators, primarily those located outside Europe, will evolve into CDMA2000 because of the relatively inexpensive transition costs. I think Korea already has rollouts of CDMA2000 in progress or should have some soon. If CDMAOne would have gained a foothold in Europe, you would have seen reasonable spectrum auctions and lots of CDMA2000 contracts. Alas, it's probably too late now. The Euros have unfortunately for them and the Q chosen to cook in their own pots. The Euros may, if they have a lucid interval, go to CDMA2000/GSM overlay which should be available before WCDMA is in full rollout. The GSM to GPRS to EDGE/WCDMA evolution is fraught with delay risks which could be ruinous in view of the insane spectrum auctions. I won't even mention the GPRS sauna rocks and the unavailability of handsets for the first stage of the WCDMA evolution.

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