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Technology Stocks : Nokia Corp. (NOK)
NOK 6.405-2.2%Jan 20 3:59 PM EST
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To: Eric L who wrote (2756)12/28/2002 2:04:28 AM
From: scratchmyback  Read Replies (1) of 9255
 
Damn it, this is a major setback for Nokia! They´ve been working with SKIMT for years, but now LGE and Samsung get the deals. Or "acquire rights" to supply the WCDMA gear, whatever that means.

But things could be worse. Nokia is doing great in Taiwan, Chunghwa and TCC already chose Nokia as WCDMA supplier and that is well over 50 % of the market. The third major GSM supplier with an UMTS license -FarEasTone- should announce its supplier in the near future, and Ericsson is the number one favourite in that competition. FarEasTone uses Ericsson´s GPRS, and their recently appointed CEO is a Swede who used to work for Ericsson China in 1990´s.
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