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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: marquis103 who wrote (100640)	4/27/2000 8:24:00 AM
From: Manly	Read Replies (2) \| Respond to of 108040

Hope all of you bought some ERICY recently, NOK just reported great numbers and ERICY reports tomorrow, also 4 for 1 split on May 8th - bidding up 5 premarket with INCA leading the buying! Nokia, Ericsson expect solid first quarter By Gareth Vaughan, CBS MarketWatch Last Update: 12:17 PM ET Apr 26, 2000 Telecom Internet Daily Europe EuropeMarkets LONDON (CBS.MW) -- Nokia and Ericsson, two of Europe's most exciting blue-chip companies, are due to report first-quarter earnings Thursday and Friday respectively. The numbers are expected to show that the two Nordic giants are in good health. Regional market coverage North America Europe Asia ADR Report Currency rates Finland's Nokia (NOK: news, chart) is the world's No. 1 cell phone maker while Sweden's Telefon AB L.M. Ericsson (ERICY: news, chart) is the world's leading supplier of mobile phone infrastructures. With all the big tech talk in Europe now centering around the mobile Internet, Nokia and Ericsson are well-placed to reap the benefits. "We are convinced that the cellular Internet will bring major changes. The same way that we speak of the old and new economy, we can refer to the old and new Internet," Swedbank analysts said in a recent research report. Swedbank estimates that there are already four times as many cell phones being sold as PC's meaning that some 300 million people will be connected to the mobile Internet within 3 years, "i.e. on par with the fixed-line Internet today," Swedbank said. Nokia expected to hold its cell phone market share Nokia is due to report first, and its habit of charming investors is expected to continue. In the fourth quarter of 1999 Nokia had some 30.5 percent of the worldwide cellular phone market vs. Ericsson's 12.8 percent, and most observers believe the Finnish firm maintained a similar market share in the first three months of this year. Although the likes of Siemens AG (SMAWY: news, chart), Ericsson and South Korea's Samsung have come out with more appealing phones, Nokia hasn't been resting on its laurels. "The quality of products offered by the competition has improved significantly, but we're still seeing very strong products coming out of Nokia," said Peter Knox, telecom equipment analyst at Commerzbank Global Equities in London. In March Nokia unveiled its first Internet-enabled cell-phone for the Japanese market and is at the forefront of the development of Internet-enabled phones in Europe. During 1999 the Finnish firm launched 18 new mobile phone models including a cheap brightly colored range with big screens and game options that are aimed at young people. Commerzbank's Knox expects Nokia to post a 36 percent rise in pre-tax profit to 1.028 billion euros ($950 million) for the quarter vs. 758 million euros ($701.91 million) in the same period of 1999. Meanwhile Susan Anthony, London-based telecom equipment analyst at Credit Lyonnais Securities Europe, expects the Finnish firm's pre-tax profit to come in at 1.005 billion euros. Stockholm-based Carnegie analyst Jan Werding, expects Nokia to post pre-tax profit of 1.199 billion euros. Today on CBS MarketWatch Tech boost Nasdaq as Dow falls Nextel narrows loss Durable goods orders jump 2.6% Due Diligence: Berkshire Hathaway Groups to oppose AOL-Time Warner merger More top stories... CBS MarketWatch Columns Updated: 04/26/2000 11:15:24 AM ET