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Technology Stocks : Nokia (NOK)

NOK 7.030

+1.7%

3:59 PM EST

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To: Eric L who wrote (15831)	10/16/2001 9:57:24 AM
From: carranza2	Read Replies (1) of 34857

Looks like AWS, Cingular and Voice Stream are going to get the NextWave spectrum in exchange for a $16bn payment spread out over 5 years. After paying the Government, NW gets $5bn net over that term. A good news/bad news joke for the Q. No CDMA, lots of cash. Have you quantified Q's interest in NextWave? I was under the impression it was 10% but can't confirm. If deal gets Congressional approval, and 10% figure is correct, and 10% means Q actually gets 10% of the cash which I can't confirm yet, then Q may get an extra $100 million every year for the next five years. Not bad. Means pro forma earnings might actually be higher than reported because NW cash would be an exytraordinary item. Oh, well, I guess we'll manage. vbg Will it mean UMTS will have a substantial footprint in US? Probably.

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