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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Terrapin who wrote (2629)	11/3/1999 6:18:00 PM
From: Ruffian	Respond to of 34857

Here you go> China Plan Could Hurt Foreign Mobile Phone Grps - FT Tuesday, November 2, 1999 09:15 PM Mail this article to a friend NEW YORK (Dow Jones)--China plans to impose production quotas and import restrictions on foreign manufacturers of mobile phone handsets in an effort to boost nine struggling local competitors, according to Wednesday's edition of the Financial Times. The newspaper reports that the plan, which has yet to be officially announced, could potentially damage the prospects of Motorola Inc. (MOT), L.M. Ericsson Telephone Co. (ERICY), and Nokia Corp. (NOK), the three companies that share about 85% of the world's fastest growing handset market. Chinese officials said the plan has the support of the ministry of information industry, the newspaper states. Also, the newspaper reports that an official from a technological zone in the Northern city of Tianjin, where Motorola makes most of its mobile phones for China, said, "The government policy is to encourage the development of a national phone industry." Quote for referenced ticker symbols: ERICY, MOT, NOK © 1999 Dow Jones & Company, Inc. All Rights Reserved.