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Technology Stocks : Nokia (NOK)

NOK 6.080

+0.4%

3:59 PM EST

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To: tero kuittinen who wrote (1758)	4/12/1999 1:55:00 PM
From: brian h	of 34857

Tero, I think the key here is how much has been invested in GSM, not in what the market penetration of GSM is. Building networks accommodating 100 million GSM users (which has already happened) costs a lot. Nokia and ERICY must have contributed a lot in term of vendor financing. China does not have to pour too much of its own capital to build its GSM networks. US telcomm. operators will do the same if allowed to open shops there. It really does not matter if 100 million GSM users networks have been built or not. It is the timing to the market. US politicians are really help GSM world (or European countries) in this sense. It is still too early to say GSM has the whole China. That is simply untrue. No matter which way you want to say. The simple truth is the majority of Chinese over there can not afford a wireless phone if not because of China Telcomm's subsidies. And also the people over there do not need to use phones if China simply do not have enough business activities or jobs available for the average Joe to contact other people with (too expensive and too uneconomical). The people over there will buy daily consumer goods before anything else. Brian H.

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