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: 49thMIMOMander who wrote (13968)	7/19/2001 5:28:14 AM
From: postyle	Read Replies (1) \| Respond to of 34857

Various excerpts from the NOK report: * Current economic and industry uncertainties continue to limit our visibility for the remainder of 2001. In the third quarter 2001, Nokia expects revenue growth to range from flat to 5%, and pro forma operating margins for the Nokia Group to be in the mid-teens. * Nokia Networks continued to outperform the market despite lower-than-expected revenues in the second quarter. The company believes that its share of the overall mobile infrastructure market had increased slightly to approximately 20% at the end of the second quarter 2001. * During the remainder of 2001, Nokia Networks will continue to deliver GSM/GPRS networks and start shipping equipment for the third generation 3G. However, due to the timing of 3G sales recognition, revenues resulting from these shipments and ongoing deliveries will only be reflected starting mid-2002. * In the second quarter, Nokia believes it has held its mobile phone market share at the over 35% level achieved in the first quarter 2001 despite aggressive discounting by some competitors. * The company believes that its mobile phone sales will continue to exceed yearly market growth, resulting in a higher full-year market share in 2001 than in 2000. * Nokia started shipping its first Bluetooth product, the Nokia Connectivity Pack, an accessory for the Nokia 6210 mobile phone that enables data connection between the phone and the PC. Nokia's second Bluetooth-enabled product, the Nokia 6310, has Bluetooth technology integrated into the phone and is expected to become available in the fourth quarter. * Nokia affirmed its commitment to the fast deployment of Java technology. The company intends to deliver more than 50 million mobile terminals supporting the Java platform for all segments of the consumer market by the end of 2002 and then double that by the end of 2003. * Club Nokia, the company's mobile service platform for Nokia phone owners, raised its profile significantly during the quarter. The Club, which brings new applications and services to the already expanding mobile services market, is anticipated to offer new business opportunities to its operator and service provider partners as well as become a revenue source for Nokia. The company expects to have signed Club Nokia cooperation agreements with 50 operators by the end of this year. nokia.com