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 (11353)	5/4/2001 4:05:43 PM
From: S100	Respond to of 34857

Bullish Nokia aims for bigger market share By Nicholas George in Stockholm and Reuters Published: May 4 2001 17:19GMT \| Last Updated: May 4 2001 18:50GMT Nokia, the world's largest producer of mobile phones, underlined its undented belief that it could increase its dominance in the global handset market on Friday, saying its global market share could rise above 40 per cent. Jorma Ollila, chief executive of the Finnish company, said a 40 per cent market share was the company's target, "but let me note that 40 per cent-plus is not impossible longer term as long as we achieve meaningful market positions in Korea and Japan." Nokia raised its market share to about 37 per cent in the first quarter of 2001 and said last month it was aiming for 40 per cent global market share in the not too distant future. Mr Ollila made his comments in a speech in Frankfurt during the company's annual investor roadshow, where he was also bullish about the company's future growth prospects, despite rising fears about the impact of weakness in the global economy on the telecom industry. He said Nokia was sticking to the guidance it gave the market at the time of the publication of its first-quarter results in Apirl. "In terms of revenue (growth) guidance overall we said that in 2002 and onwards we see continued growth and re-accelerated growth in the 25-35 percent band," he said. Replying to a question on whether Nokia could would have sustainable margins in its handset business in the next 3-5 years, Mr Ollila said he expected the company to maintain "healthy margins" in handsets throughout the transition to third-generation high-speed mobile systems. Nokia had operating margins of almost 21 per cent in its handset division in the first quarter this year and is the only mass producer of handsets to make clear profits in the sector. In a separate comment Mr Ollila said that 50 per cent of all Nokia's 3G mobile phone devices sold in 2004 would be based on EPOC operation system. The EPOC operating system, created by Psion of the UK and which also involves other leading telecom equipment makers, including Motorola and Ericsson, has come under fire recently. Its feasability has been brought into question after Motorola scrapped plans to make a smartphone based on EPOC. news.ft.com