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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 150.90

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9:40 AM EST

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To: Ramsey Su who started this subject	3/2/2001 8:58:22 AM
From: Cooters	Read Replies (3) of 197406

Nokia confirms to hold 3G analysts meeting HELSINKI, March 2 (Reuters) - Nokia <NOK1V.HE>, the world's largest mobile phone maker, said it will hold a meeting with analysts on Friday to discuss third-generation mobile phone network cooperation among telecoms operators. "A handful of analysts have been invited to discuss various topics related to network sharing," Nokia chief spokesman Lauri Kivinen told Reuters. "The meeting is about helping them understand how it is technically possible for operators to share (3G) networks." Kivinen said he did not expect senior Nokia management to be present at the meeting to be held later on Friday, adding that no telecoms operators would attend. The mobile phone industry, both operators and manufacturers, are under intense pressure to deliver on promises that the high-speed mobile Internet will be in people's pockets soon -- especially as the industry is investing well over $200 billion in networks that will enable fast wireless Internet. Some telecoms operators have already decided to share the cost of building networks in Sweden and there is talk of similar deals in Germany. Nokia traded eight percent higher at 26.25 euros at 1125 GMT after news it had won 3G network deals from Swedish operator Telia <TLIA.ST>. Siemens <SIEGn.DE> also won a 3G deal with Telia. Nokia outperformed rival Ericsson <LMEb.ST>, which traded up 4.5 percent at 81.5 Swedish crowns and the Dow Jones Europe technology stock index <.SX8P>, which was 4.4 percent higher. "Nokia has got a couple of 3G deals and that positive news is supporting the share, especially as we've had a lot of news lately about 3G delays and the stock is already at very low levels," Evli Securities analyst Petri Korpineva told Reuters. 06:32 03-02-01

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