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To: 2MAR$ who wrote (28994)	11/7/2001 7:55:25 AM
From: 2MAR$	Respond to of 208838

07:50 ET Nokia (NOK) 23.06: CSFB comments that UK company Carphone Warehouse is indicating substantial weakness in some European markets in the run-up to Christmas, with UK likely to see handset volumes at only 40% of last year's level. CSFB believes that NOK's goal of roughly a 35% year/year decline in Europe will be difficult to achieve as a result and that company will have to lower revenue guidance with its Dec 11 update.

To: 2MAR$ who wrote (28994)	11/7/2001 7:56:26 AM
From: SusieQ1065	Read Replies (1) \| Respond to of 208838

07:44 ET Merrill on Telecom Capex : Merrill Lynch revises forecasts for US service provider capital expenditures; now sees total capex (wireline and wireless) falling 12% in 2001 and 20% in 2002; also extends forecasts to 2003 -- sees an additional 6% decline which should represent the base off of which capex can finally grow again.