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

To: Eric L who wrote (9692)	3/6/2001 10:12:39 AM
From: Caxton Rhodes	Respond to of 34857

NOKIA (NOK): On Feb. 23, analysts at Goldman Sachs lowered their recommendation on the ADRs of the Finnish mobile-handset maker to Market Outperformer from Recommended List. The firm also reduced its 2001 and 2002 EPS estimates by 7% and dropped its price target for the ADRs to $32 from $45. Two specific factors dog the company. The worldwide slowdown in new wireless-services subscriptions and sluggishness in the handset-replacement market likely will have a negative impact on NOKIA's financials. Also, sectorwide weakness in wireless stocks may reduce the company's financial ability to continue 3G network buildouts. Although the analysts believe NOKIA's management is capable of exploiting the opportunities that exist for handset providers, the company doubtless will be affected by this trend. As a result, 2001 and 2002 EPS estimates have been reduced to $0.80 from $0.86 and $1.03 from $1.11, respectively. Also, Goldman Sachs reduced its projected global handset numbers from 500 million to 460 million units. The analysts write that while the firm retains the view that NOKIA is well positioned to gain further share in the handset market and in mobile infrastructure, short-term visibility for the company is limited, which increases the risk of earnings disappointments. The ADRs closed at $22 on Feb. 28. Research about NOKIA was accessed 2740 times, and 90 new reports were added to the Multex.com database during the week of Feb. 19 to 25. thetelecommanalyst.com

To: Eric L who wrote (9692)	3/6/2001 10:32:43 AM
From: foundation	Read Replies (1) \| Respond to of 34857

"But Bryan Prohm, wireless analyst with Dataquest, believes that by not delving more enthusiastically into GPRS, handset makers are missing out on a prime opportunity to capture new market share." ---------- Eric, Prohm suggests that the dearth of GPRS handsets is due to insufficient enthusiasm on the part of vendors... Perhaps it's not from lack of interest..... By all indications, a plethora of vendors are working on them. Perhaps it's due to complications with power management, radiation levels, dropped connections and other sundry technical maladies - such as this one reported on 1/15/01 in the FT: "Now several operators are finding their networks will not support more than two or three GPRS users from each radio mast. As a result, content partners have been privately warned not to expect commercial volumes until after next Christmas." ragingbull.lycos.com If NOK produces monocell GPRS handsets this year - would this be labeled a success? How about dual cell handsets - would this be labeled a success? What additional services will lure subscribers to upgrade handsets? SMS? Existing GSM handsets do SMS. Data-centric (versus voice or message enabling) related services? At 10-20kbs? Recently, the Europe Intelligence Wire released a story titled: "Radiation Overlap Fears Increase as Mobile Phone Masts Fill Countryside". e-topics.com How will Europe's consumers respond to the cumulative emitted radiation from banded cells that are integral to GPRS handsets? How will this issue be played in the press? thanks, ben

To: Eric L who wrote (9692)	3/6/2001 12:52:22 PM
From: 49thMIMOMander	Read Replies (1) \| Respond to of 34857

Eric, I do not think anyone can underestimate the need for testing, verification and rewriting code, the cooperation needed to go from switched ciruit to packet networks, switches, controllers,etc,etc.. Especially the "cooperation" part when many handsets by different manufacturers roam in even more numerous networks, of diverse age, etc.. I'm also sure that the best solution for some, medium aged "masts" might be to install only the minimum to first have at least couple of channels capable of doing all the new tricks the correct way. (the oldest ones are easier to just replace 100%) All depending on the modularity, upgradability of existing, old boxes and protocols, capability to fix, upgrade old code or reroute around it. That is, nothing new for especially wired operators, having gone from analog, relay switches to more and more digital, 64kbps, ISDN and now different breeds of DSL directly hooked up to interenet. But the subscriber copper wires have a special room for cross connecting wires and equipment, into the DSLAMs, switches,etc and the handsets do not roam around freely, do not jump over to the neighouring, competing operators network every now and then (covered by earlier roaming agreements for switched circuit GSM) Must be fun and busy out in the roaming wireless world.. (luckily modern basestations, etc are easier to "upgrade" with code than using the screwdriver on older, but the worst is probably to start a campaign of replacing roaming handsets) Ilmarinen. P.S. Spent one summer job in one of the most "diverse" switches in Finland, equipment spanning at least 4 generations (long time ago but invaluable experience)