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 : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Cooters who wrote (109234)	12/5/2001 1:40:56 PM
From: Cooters	Respond to of 152472

Nokia to flesh out Q4 earnings details next week By Paul de Bendern HELSINKI, Dec 5 (Reuters) - Nokia <NOK1V.HE> <NOKI.ST>, the world's largest mobile phone maker, will next week flesh out fourth-quarter earnings details and give its take on the pace of recovery in the ailing wireless industry, analysts said. In its mid-quarter update on December 11, the Finnish-based company is expected to confirm it is on track to meet its October-December profit and sales targets, analysts said on Wednesday. Analysts were split as to whether Nokia would shed more light on how results would look in the first half of 2002, when the effects of a new generation of so-called GPRS mobile Internet phones are expected to filter through the bottom line. The industry is also hoping cash-strapped telecoms operators will again start spending on new networks next year. Analysts did not expect a big share price reaction on Tuesday. Nokia shares have fallen 41 percent so far this year in line with falls in the Dow Jones European Technology Index <.SX8P>. But Nokia's share price has doubled since September 11. A London-based analyst said the world's most profitable handset maker would provide details on already announced targets for the first half of next year despite difficulties in forecasting how business will go. Nokia, which makes one-third of all handsets, is like rival Motorola <MOT.N>, having to deal with a decline in the industry for the first time this year after years of stellar growth. The industry now expects about 380 million phones sold this year after sales peaked at around 410 million units last year. The sector has been hard hit by a U.S.-led economic slowdown, debt-stapped telecoms operators that have put orders on ice, and saturated mobile phone markets, particularly in Europe. Many phone owners are still not willing to buy new devices because of a lack of attractive new data services. CHRISTMAS SALES QUARTER ON TRACK Nokia is expected to meet its fourth-quarter pro forma earnings per share target of 0.18-0.20 euros ($0.16-0.18) as it said it would last week during its analysts meeting in New York. This would be a 25 percent drop from 0.25 euros in the same quarter last year. The pro forma figures exclude goodwill amortisation and non-recurring items. Nokia also said it saw sales growing 20 percent in the last quarter from 7.1 billion euros of sales in the third quarter. It is expected to start benefiting from a new range of phones, such as the tiny 8310 GPRS phone on sale now. Nokia's details are seen giving the market an indication as to the health of the Christmas season, the most important period of the year for the consumer electronics market. GPRS-enabled phones have been coming on to the market in volumes during the past few months and are key for the success of the mobile Internet. Carriers need it to take off to generate revenues to pay for even faster networks being built. Last week Nokia said revenues would fall year-on-year in the first quarter of 2002 but grow in the second quarter. It also expected sales growth of 15 percent and good profitability next year. Nokia's full fourth quarter earnings are due on January 24. 11:05 12-05-01