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To: Robert Sheldon who wrote (1456)	11/26/1999 5:03:00 PM
From: jeff greene	Respond to of 2702

A few points from MorganStanley's "strong buy" opinion on Nokia: 11/26/99 The outlook for the mobile phone industry is very good, with our forecasts at 270 million units in 1999 and 409 million units in 2000. The factors driving growth include a faster-than-expected switch to digital in the U.S. market; ...continuing acceleration in new subscriber growth in Western Europe, Asia, and Latin America, mainly driven by pre-paid packages; and a return to new subscriber growth in Japan thanks to the success of i-mode. ...Jorma Ollila, the CEO, has confidence in Nokia?s strategy for expansion into China, which is Nokia?s second-largest market after the United States. <<<<