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Technology Stocks : Nokia (NOK)
NOK 6.970+2.0%3:59 PM EST

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To: tero kuittinen who wrote (1664)3/23/1999 11:26:00 AM
From: Clarksterh  Read Replies (1) of 34857
 
Tero - Of course it's worrying - when big nations start pressuring weaker countries into favoring their companies we are all entering a slippery slope. But in the end the marketplace will decide who succeeds and to what extent. That's why I'm not too worried about mercantilism,; it's eventually self-defeating.

The big bad US??!! As a US citizen I can hardly feel bad about this. If the agreement was that they would only take US suppliers then I might feel guilty, but there is no reason that Nokia and Ericsson, like Samsung, Hyundai, LG, Nortel, Fujitsu, NEC, ... couldn't supply CDMA infrastructure. It's no one's fault but their own, just as it's no one's fault but Motorola's that they didn't complete the transition to GSM effectively.

Also, I might add that you didn't seem too upset about government intervention when the news coming out of China was that they would, by policy, exclude CDMAOne. My personal view is that governments should stay out of such things unless some other government starts something and then the government of the country being hurt is entitled to tit-for-tat. (Of course the US has a more leverage than Sweden, but tough titty (so to speak).)

Clark
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