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Technology Stocks : Nokia (NOK)

NOK 6.730

-0.7%

Nov 14 9:30 AM EST

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To: carranza2 who wrote (13539)	7/11/2001 4:21:48 PM
From: Maurice Winn	Read Replies (2) of 34857

<This group of ego-inflated idiots is directly responsible for the state of 3G in Europe and for the ludicrous cost of spectrum> I still disagree. The bids were a function of market expectations [how much people would pay for 3G services] and how much can be squeezed into that spectrum [which is a LOT thanks to QUALCOMM]. Q! is the party most directly responsible for the size of the 3G bids. If Q! had required 20% royalty, the bids would have been smaller [since the service providers would have had to pay a bigger chunk of the revenue to Q!]. By providing enabling technology and charging a very low royalty, Q! caused the very high bids [perhaps too high since demand is not yet known and the timing of the technology availability isn't known either]. Mq

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