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Technology Stocks : Nokia (NOK)

NOK 6.910

-0.9%

Nov 11 3:59 PM EST

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To: Caxton Rhodes who wrote (1473)	2/5/1999 12:47:00 AM
From: H.A.M.	Read Replies (1) of 34857

Nokia Expects 1 Billion Global Wireless Subscribers By 2005 Dow Jones Newswires February 4, 1999 SAN FRANCISCO -- Nokia Corp. (NOKA) said Thursday it expects worldwide wireless subscriptions to grow to 1 billion by the year 2005. During a presentation at NationsBanc Montgomery Securities' conference on technology, Nokia's president of mobile phones in the Americas, Kari-Pekka Wilska said "this is a pretty big forecast given landline networks are close to 1 billion (subscribers) today." The world's largest cellular handset manufacturer plans to make a broad product offering of mobile phones. "To be a major player, you have to be in all technologies. We have introduced products for all categories, basic to high-communicators," Wilska said. - Cecilia Kang; 650-496-1367

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