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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 152.74

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To: Uncle Frank who wrote (113015)	2/11/2002 12:00:32 PM
From: David E. Taylor	Read Replies (1) of 152472

uf: Nokia is carrying little in corporate debt, but their customer financing has been steadily ratcheting upwards. As of 12/31/01, Nokia was carrying 1.255 billion euros in customer financing, with a further 2.955 billion euros "committed", for a total of 4.210 billion euros. This is the balance remaining after they wrote off 714 million euros (mostly the Telsim default) in 2001. So, pushing 5 billion euros total before the write off. How much this will have to increase in order to help Euroland roll out UMTS/WCDMA we will find out in a couple of years. David T.

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