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

To: gdichaz who wrote (4499)	5/1/2000 1:12:00 PM
From: Terrapin	Respond to of 34857

Hi Chaz, "And it may well be that Nokia can use the Chinese mainland and Taiwan as "no name" production facilities for Nokia to combine Nokia's considerable software skills and deep experience in GSM to major advantage." Funny you should say this. A small, profitable, HK-based injection molding company I bought for the dividend just announced this: "Tuesday March 28, 9:55 am Eastern Time Company Press Release Deswell Industries, Inc. Announces New Mold For GSM Mobile Phones HONG KONG--(BUSINESS WIRE)--March 28, 2000--Deswell Industries, Inc. (NASDAQ NM Symbol: DSWL - news) today announced that its plastic injection molding subsidiary, Jetcrown Industrial Ltd. has successfully developed a high precision mold for GSM mobile phones. The mold is currently in pilot phase and injection production is ready to commence once initial orders are placed by the customer. Mr. Richard Lau, Chief Executive Officer of Deswell, said, ``We are very excited to commence production of our first GSM mobile phone. This is a high-end, high margin product and few manufacturers can produce the precision tools and injection molding needed to deliver a quality product. Furthermore, we believe that our production cost is only about forty percent of our competitors.'' Mr. Lau continued, ``The current worldwide demand for GSM mobile phones is about 500 million sets per year. We are enthusiastic about our entry into this growing market and hope to be a leading manufacturer in this industry.'' Deswell manufactures injection-molded plastic parts and components and electronic products and subassemblies and metallic products for original equipment manufacturers (``OEMs'') and contract manufacturers at its factories in the People's Republic of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount (``SMT''), and pin-through hole (``PHT'') interconnection technologies; and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Kyocera Mita Industrial (H.K.) Limited, Epson Precision (H.K.) Ltd., Namtai Electronics (Shenzhen) Co. Ltd., Inter-Tel Incorporated, Vtech Communications Ltd., Behringer Holdings (Pte) Ltd. and Shakespeare (H.K.) Limited. To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com" The big debate has been who 'The Customer' is (an informal contract is implied). Most speculation revolves around Kyocera but I do not know why it could not be Nokia. Finally, you said this: "There are three kinds of posters here (at least). A few are actually interested in the prospects of Nokia first and perhaps Qualcomm as well. Then there are the defenders - using any means of defense. Finally we have the salesmen." I do not speak for Tero but IMO the problem isn't the discussion of QCOM it is the DISPROPORTIONATE amount of time spent discussing QCOM. The main argument is that "Nokia needs to address CDMA shortcomings by buying from QCOM". Fine. It is opinion and speculation but I can see how it is relevant. But it doesn't become more relevant through repitition. Nokia just released stellar earnings but a subset of posters only contribute the same "Nokia needs to address CDMA shortcomings by buying from QCOM". Personally, I am not anti-QCOM. IMHO China is playing politics with wireless networking contracts in their WTO bid. I also think that Tero reacts a bit strongly to QCOM posts for the same reason that I write these posts: We should be concentrating on Nokia. Their CDMA strategy will reveal itself when the time is right. Meanwhile we are benefiting from their other strategies and I want to keep an eye on those. Good investing, Terrapin