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

To: Eric L who wrote (17675)	1/9/2002 8:52:39 AM
From: elmatador	Read Replies (2) \| Respond to of 34857

Nokia, Ericsson and Alcatel were all downgraded by JP Morgan on Wednesday European telecoms downgraded Slowing demand is concerning, says JP Morgan By Friedel Rother, FTMarketWatch.com 1:26:00 PM GMT Jan 9, 2002 LONDON (FTMW) - Nokia, Ericsson and Alcatel were all downgraded by JP Morgan on Wednesday, after the brokerage said it was concerned about slowing demand in the European telecoms sector. "Current stock prices are now implicitly assuming too much medium-term growth in demand. In particular, we believe that the usage and speed of data adoption on wireless networks have been overestimated," JP Morgan said in a research note. Nokia [SE:000053994, News, Chart, Research] had its rating cut to "market performer" from "buy" and Ericsson and Alcatel [FR:013000, News, Chart, Research] were lowered to "market underperform" from "market performer". The bank also set new price targets. Ericsson is now valued at 48 Swedish kronor by the bank while Alcatel's [US:ALA, News, Chart, Research] price target is €16. Nokia [US:NOK, News, Chart, Research] , meanwhile, has a new price target of €26. JP Morgan said the rating reflected its preference for the stock. "Nokia ranks with the best companies globally, with a clarity of culture, powerful brand, and superior handset production and design capabilities," JP Morgan said. Keep restructuring Go deeper News Alerts MarketPulse News Stories Europe US Global News by Email As for Ericsson [SE:000010865, News, Chart, Research] , JP Morgan said the Swedish firm needed to continue restructuring in an effort to get rid of non-core assets, focus its research and development division and trim working capital. Alcatel was described as a company with potential, but also needed to focus on restructuring, the bank wrote. "Currently, margins are too low and working capital too high to generate sustainable free cash flow and economic returns once revenue growth picks up," JP Morgan commented. The report from JP Morgan echoed the day after Merrill Lynch downgraded its ratings on the wireless sector, citing concerns over demand. See more on Merrill Lynch wireless cuts

To: Eric L who wrote (17675)	1/9/2002 8:59:10 AM
From: Eric L	Read Replies (1) \| Respond to of 34857

re: Metawave SpotLight GSM Smart Antennas In China >> Metawave Deploys GSM Smart Antennas In China Cellular News 9th January 2002 Metawave has announced the results of its successful GSM smart antenna cluster deployment in Guangzhou, one of China Unicom's largest wireless markets with over five million subscribers. In September 2001, SpotLight GSM systems were installed in two sectors of one site and one sector of a second site in the urban core of the Guangzhou network. SpotLight GSM enabled Guangzhou Unicom to reduce busy hour dropped call rates by as much as 35%, indicating significant signal improvement. This performance improvement was achieved despite busy hour traffic increases of up to 45% compared to baseline. In addition to the benefits realized at the smart-antenna-equipped sites, SpotLight GSM decreased dropped calls by as much as 40% in adjacent sites while maintaining their baseline traffic loading. As an add-on or applique, SpotLight GSM connects to the receive and transmit ports of GSM base stations through RF cable connections. The key to capacity and performance benefits lie in the systems ability to reduce interference conditions in the network. By reducing interference, SpotLight GSM allows operators to accommodate more minutes of use and to significantly reduce dropped calls. << - Eric -