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Technology Stocks : Nokia (NOK)

NOK 6.270

-1.4%

Dec 12 9:30 AM EST

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To: Clarksterh who wrote (13971)	7/19/2001 9:05:26 AM
From: ronho	Read Replies (1) of 34857

NOK's Jorma. \|No sequential decline in mkt share. 40% is a tough target. Slower NOK growth in 1st half of 2002. Just can't predict profits in 2002 due to uncertainties of 3G adoption pattern. Sees 3G revenues possibly kicking in by Summer 2002. Much hemming and hawing at questions. Refused to give specifics about current field testing on GPRS. Concl: Jorma says all is OK because GPRS and 3G scheduled to kick in in Q4 2001 and then in mid 2002. He is hanging his hope on getting this new technology out on a timely basis and on the market really likeing it. Under huge pressure to deliver something tangible. Opinion: GPRS will continue to be delayed and will be a dud in many markets when it arrives. Shear momentum will force many operators to buy GPRS phones if they work at all. There will be an accumulation of bitterness among operators about failure to provide new killer products.

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