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Technology Stocks : Nokia Corp. (NOK)
NOK 6.755+6.1%11:32 AM EST
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To: Puck who started this subject8/28/2001 3:50:11 AM
From: Puck  Read Replies (1) of 9255
 
The analyst who claims that Nokia's GPRS phones will not be introduced until late October has said things in the past that have made his credibility suspect. In July he claimed that Nokia's GPRS phones were having their introduction delayed based upon whatever some alleged suppliers told him. His claim was illogical because Nokia's inventory turns are less than thirty days and the phones' scheduled dates of introduction extended until the end of September. If the phones were to be introduced in September, suppliers would not have had an inkling about it in July. This particular analyst continues to proclaim his misguided analysis in spite of the factual reality I have presented and in spite of Nokia's denials. Could there now be a software glitch that could delay the introduction of the GPRS phones? Yes. Could this analyst have figured that out from piecing together tidbits of evidence? Yes. Would Nokia yesterday reiterate that the GPRS phones would be introduced according to their previously announced timetable--by the end of 3Q/September--if there were in fact a problem requiring a delay? Your guess is as good as mine. And could this analyst know something that Nokia does not? Your guess is as good as mine.

Remember also that nobody outside of Nokia and its client carriers knows how long Nokia's GPRS phones and any software patches, etc., have been tested in the field. What we do know is that as of the July conference call five or six operators had been testing Nokia's GPRS phones for "several" months. The analysts on the conference call even betrayed their ignorance about this matter by asking who the carriers were. Of course, management would not say. I believe that France Telecom is one of those carriers but cannot say with absolute certainty.
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