Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eric L who wrote (10168)	3/29/2001 2:01:05 PM
From: Eric L	Read Replies (2) \| Respond to of 34857

re: Nokia - 724 Solutions - Banking Transaction Software >> Nokia Launches Software To Enable People To Make Banking Transactions Through Mobile Phones March 29, 2001 GSMBOX Nokia has developed a new software with a view to enabling people to make banking transactions, such as accessing account information, conducting withdrawals, and transferring money, on mobile phones. The company is also trying to sell the software to banks and financial institutions. Generally, wireless service providers are willing to offer such services as a way to attract new customers, keep old ones, and even increase the sales of handsets at a time in which the wireless industry is feeling a slowdown in sales which, as for Nokia, will result in a reduction of 400 jobs. Even Motorola and Ericsson have been hit by this slowdown, which make them fire thousands of employees and cut costs by nearly $2 billion by the end of next year respectively. But mobile banking applications are not bound to be the right solution to telecommunication hardships. According to Carsten Schmidt, a Forrester Research analyst, companies will take a lot of time before deciding which of the growing number of services is more suitable for them and how to solve any problems inside the systems but it may, at least, help banks keep the customers they already have. Nokia Networks has recently announced a partnership with 724 Solutions, a company working already with many European large financial institutions with a view to creating mobile digital signatures and other wireless banking needs. Jukka Riivari, director of sales and marketing at Nokia, said that this deal with 724 Solutions is beneficial for Nokia since the company is able to offer some new services in comparison with the other wireless banking software packages such as "large-scale funds transfers, loan and mortgage agreements and credit card applications. Nokia executives expect the networks division to become the No. 1 high-speed, third-generation phone network provider in the world also thanks to these new banking aspirations. This new service will be offered by carriers starting from next year, but there are some exceptions like the Japanise NTT DoCoMo's intention to launch a service already next month. Nokia has obviously to face the competition in Europe from carriers offering a similar wireless banking service. In USA it wouldn't have such a kind of difficulty. << - Eric -

To: Eric L who wrote (10168)	3/29/2001 2:24:25 PM
From: slacker711	Read Replies (1) \| Respond to of 34857

they are more likely subscribing to the idea that cdmaOne/cdma2000 subscribers are going to snub data services. This would seem to be an odd way of calculating the numbers. Currently, if someone buys a dual-mode handset, I assume that they are counted as a digital sub, regardless of the amount of time they spend on a digital network. I would think that cdmaONE/1x subs would be handled in the same way. It would get pretty complicated if they did it any other way.... Slacker

To: Eric L who wrote (10168)	3/29/2001 5:00:23 PM
From: The Verve	Read Replies (1) \| Respond to of 34857

No ... not necessarrily ... they are more likely subscribing to the idea that cdmaOne/cdma2000 subscribers are going to snub data services. Same with GPRS/EDGE in GSM world where GPRS is disproportionately low (copared to ARC's) and GSM disproportionately high. Eric, ok, let's say data dies an ugly death. Do you actually think there will be a large number of cdmaONE operators who don't want to double their voice capacity? The idea that cdmaOne operators forego 1X and do nothing seems as likely as NOK selling their handset division. This one data point makes me question their entire analysis... What good is a forecast if it is based on flawed assumptions? Verve P.S. BTW, do you think any Euro GSM operators who were planning on installing UMTS are currently reevaluating and strongly considering alternatives? Or do you see these operators absolutely married to the idea of umts, regardless of when it arrives... TIA