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Technology Stocks : Nokia (NOK)

NOK 6.670

-0.9%

3:59 PM EST

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To: Leif V Singman who wrote (947)	9/2/1998 7:56:00 AM
From: tero kuittinen	Read Replies (1) of 34857

Hi Leif! Those 11% upticks may not stick, but I think they show how resilient these two stocks are in bad times. Yesterday's huge GSM & TDMA network announcements in Latin America by Nokia and Ericsson should serve as a warning that CDMA is not getting the continent without a fight. Ericsson's Mexico deal, especially, was a corker. There's been so much hype about CDMA in Mexico... and now the biggest cellular operator there puts down their chips in the TDMA corner. I'm a bit skeptical about that Ericsson statement about them benefiting from Nokia phone shortages... 2Q sales figures did not support that spin and Nokia has now 50% of the Swedish market for the first time ever (as reported by Swedish sources). Sounds like a Pyrrhic victory for Ericsson at best. Though I have to admit this new Ericsson initiative of building phones into teddy bears and Barbies and gluing the pictures of mom and dad into keypads in their stomachs to help 3-year olds make calls sounds just bizarre enough to be the rage of Beverly Hills in 1999. Tero

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