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

To: JohnG who wrote (9036)	1/30/2001 8:20:27 AM
From: JohnG	Read Replies (2) \| Respond to of 34857

Nokia delays GPRS handset launch to Q3 HELSINKI, Jan 30 (Reuters) - Mobile phone giant Nokia said on Tuesday it would push back the launch of higher-speed GPRS mobile phones to the third quarter of this year, heightening industry worries about when the GPRS market will take off. Finnish Nokia, the world's largest and most profitable mobile phone maker, said volumes of GPRS (general packet radio services) phones would rise into the millions in the fourth quarter of this year. Nokia had previously expected to launch GPRS phones in the first half of 2001. Currently only Motorola (NYSE:MOT - news) of the United States -- the world's second largest mobile phone maker -- has a GPRS phone on the market. GPRS, a stepping stone to third-generation mobile phone networks, supports higher data transmission rates and will allow for 'always-on' Internet connections. Nokia said in its full-year 2000 earnings report on Tuesday that it expected to start shipping multi-media 3G mobile phones in the third quarter of 2002. Nokia reported fourth-quarter pre-tax profit up 39 percent to 1.77 billion euros, but disappointed investors with a cautious Q1 outlook, saying earnings per share would stay flat on the year-ago level and sales would rise 25-30 percent.