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

To: Puck who wrote (1879)	1/8/2002 10:25:21 AM
From: Eric L	Read Replies (3) \| Respond to of 9255

re: Pro Forma Accounting Always a pleasure to hear from Per Lindberg. Related to article you posted: >> European Interest Grows In Pro Forma Accounting The Wall Street Journal US Abstracts Financial Times Jan 8, 2002 A spokeswoman for Nokia Corp., the mobile phone company based in Finland, has defended its decision to adopt pro forma accounting, saying it also releases audited results and that its investors wanted a better insight into Nokia's operations, which pro forma reporting satisfies. However, accountants and analysts in the US have expressed concern over the fact that a number of large European companies have decided to adopt the practice, which was championed by American-based Internet companies in the late 1990s. Pro forma accounting presents certain items, such as asset write-offs and restructuring costs, as if they did not exist. As a result Nokia was able to report pretax profit of around 1.1bn euros ($984.3m) when it would have been reported as 281m euros if International Accounting Standards methods had been applied. A study undertaken by Scottish-based financial researcher Company Reporting Ltd reveals 9% of 400 companies it surveyed in the UK adopted pro forma accounting during 1999 to 2001, an increase of 3%. Of the 78 large companies assessed, 28% used pro forma accounting. << - Eric -

To: Puck who wrote (1879)	1/8/2002 12:05:47 PM
From: elmatador	Read Replies (2) \| Respond to of 9255

Mobile overtook fixed network in LATAM last year. MObile 17% Fixed 16.9% in 2001. According to Pyramid Research by 2002 it will be 35% mobile and 20%. Telefonia móvel ultrapassa acesso fixo na América Latina Terça, 08 de janeiro de 2002 - 11h01 Da Redação O ano de 2001 pode ser caracterizado como um marco nas telecomunicações da América Latina, de acordo com estudo do Pyramid Research. Pela primeira vez a telefonia móvel foi a preferida pelos usuários da região, atingindo taxa de penetração de 17% e ultrapassando a telefonia fixa, cujo índice ficou em 16,9%, segundo o instituto. De acordo com a pesquisa, a vantagem da telefonia móvel sobre a telefonia fixa deve se acentuar à medida que novas operadoras de celulares surgirem no mercado latino-americano e que os serviços 2,5G e 3G forem oferecidos aos usuários. O instituto ainda prevê que em 2006 as taxas de penetração poderão ser de 35% para o acesso móvel e 20% para o fixo.

To: Puck who wrote (1879)	1/8/2002 6:02:31 PM
From: 49thMIMOMander	Respond to of 9255

Well, keeping two numbers in short time memory is even tough for the regular braindamaged hen, and clearly too much for the creative and somehow paid journalist. <"there shouldn't be any confusion" between the pro forma and IAS results> except for Per-Pelle-Lille Lindberg and many more. (including Ruffian, if my long term memory serves me well) Ilmarinen Background, hens can clearly keep three things in their memory, if more than three chicken within close range, they are happy, if less, they immediatly start searching for those clearly missing. Regular, healthy homo sapiens can usually keep 5-8 numbers in the short time "telephone number" memory, 9-10 is impossible but for braindamaged ones. (also based on some years of programming with only paper, pencil and a keyboard to key in the hex instructions, unluckily with 10 numbers per instruction, had to split them in two) But I did some severe practicing, every morning, keying in the whole program, but one would think Pelle-Boy could use a regular Excel spreadsheet or something similar and remember the last 2 numbers he passing his visual center?? But maybe there are some fundamental evolutionary brain differences between econo-mists and the rest of us??? Ok,OK, wrong board, but I cannot but remember how one of the Marx brothers explained how to make losing money into a smashing success. Ok,OK,OK, Little-worth-pxss-stone KBS also tried to do their task today shell.nic.fi Needs the european graphs plus the table of brokers to make some sense (note the one hour difference sweden-finland) de.finance.yahoo.com (please note that the sites are updated daily, too late tomorrow, always) ABG ABG Securities ASA AKT Aktia Savings Bank Ltd ALF Alfred Berg Finland Oyj Abp AGN Aragon Fondkommission AB NOF Bankaktiebolaget JP Nordiska AAB Bank of Åland Plc CON Conventum Securities Ltd CDV Crédit Agricole Indosuez Cheuvreux Nordic AB CSF Credit Suisse First Boston CAR D. Carnegie Ltd, Finland Branch DSE Danske Securities AB, Helsinki Branch DB Deutsche Bank AG, London Branch KBS Dresdner Kleinwort Wasserstein (Lindberg) ETR ETRADE Sverige AB OHM E.Öhman J:or Fondkommission AB EFI Eficor Securitie ES Enskilda Securities AB, EQ eQ Securities Ltd EPF Erik Penser Fondkommission AB ER Estlander & Rönnlund Financial Products Ltd (ER) EVL Evli Securities Ltd (EVL) FIM FIM Securities Ltd (FIM) FIP Fischer Partners Fondkommission AB (FIP) SWB FöreningsSparbanken AB (publ.),Swedbank (SWB) GS Goldman Sachs International (GS) HAN Handelsbanken Markets (HAN) JBN Julius Baer Nordic (JBN) MDT Mandatum Stockbrokers Ltd MAT Matteus Bank AB NET NeoNet Securities AB NRD Nordea Securities Ltd OPS Opstock Securities Ltd REM Remium AB (REM) SG Société Générale (Paris) SOF Sofi Securities Inc. (SOF) TTL Tullett & Tokyo Liberty (Equities) Ltd. UBS UBS Warburg UB United Bankers Securities Ltd WLB WestLB Panmure Limited (WLB)*