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Technology Stocks : Nokia Corp. (NOK)

NOK 6.500

+1.9%

Dec 19 9:30 AM EST

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To: Eric L who wrote (4457)	12/5/2006 12:04:45 PM
From: elmatador	Read Replies (1) of 9255

Meanwhile one of my Siemens friends arrived in Algeria as the President of Siemens Algeria early 2002: Those with longer memories will remember that in May 2002 the Algerian police probed allegations of bribery in the award of a tender for an addditional 400,000 GSM lines for the state-owned Algérie Télécom that had been awarded to SIEMENS. Algeria's regulatory commission first became suspicious when reviewing the final bidding report submitted to it by the Ministry of Post and Telecommunication (MPT). The watchdog branded MPT's justifications for ruling out bidders Alcatel, Motorola and Ericsson, as insubstantial. It was then alleged by local newspaper Liberté that MPT officials had been flown to Munich via Paris at the expense of SIEMENS, prior to the announcement of the tender's winner. Moreover, an MPT official was said to have altered the final bidding report so as to favor SIEMENS’ offer. mybroadband.co.za

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