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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Ruffian who wrote (6040)	2/1/2000 9:54:00 AM
From: LBstocks	Read Replies (1) \| Respond to of 13582

Nokia sees upgrade market rising HELSINKI, Feb 1 (Reuters) - The world's biggest mobile phone maker Nokia (NYSE:NOK - news) said on Tuesday it expected the upgrade market to rise to 70 to 80 percent of total handset sales from 40 percent last year and 50 percent this year. It also said that its aggressive moves to capture even higher market share meant margins would fall from its exceptionally high levels. ``We believe that this year will bring more balanced market conditions in terms of demand and supply,' Ollila told a conference call. ``Combined with our agressive stance towards further market share gains, there should be a tendency for our mobile phone margins to move down from the exceptionally high levels,' he said. Last year, its mobile phones division had an operating profit of 23.5 percent of net sales, which totalled 13.2 billion euros.