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

To: slacker711 who wrote (1906)	1/10/2002 2:41:00 PM
From: Eric L	Read Replies (1) \| Respond to of 9255

Slacker, << Maybe....but the motive could be to simply try and get W-CDMA working well as quickly as possible. The handsets that Docomo is selling have absolutely terrible standby times (55 hours). I think they expect to get to 100 hours by the end of this year....which still is probably subpar in markets that are used to 200+ hours of standby. >> I've heard several people comment on the effect of asynchronous operation on standby battery life - particularly related to DoCoMo (including comments by some "expert" theorists that aren't the least bit qualified to talk to the issue). Clark Hare (not in the category I describe above) commented here: Message 16222138 One of the other individuals was Joe Barrett of Nokia speaking at a technology conference about 3 months ago (webcast no longer available). There was a mobile chipset roundtable at that same conference the day before Joe presented and Qualcomm had also presented the previous day. Joe responded to a specific question about WCDMA battery life, and the questioner alluded to the NEC handsets, and asynchronous operation, and statements made in other sessions of the conference. Joe's response (similar to others I've heard) was that one of the reasons for the poor battery performance of The NEC handset was an extremely low level of integration in the NEC handsets which are a single step up from prototypes. You might recall that the early Motorola GPRS handsets ) - essentially modified 2G GSM handsets - had exceptionally poor battery life, but it appears that with GPRS handsets delivering today, battery life is not in issue. I still suspect a motive which benefits Qualcomm (which is fine by me <g>) above and beyond just getting it working as quickly and as well as it possibly can, which they sure as heck need to have happen. I kind of suspect that if synchronous operation (in addition to asynch) is introduced into networks that might otherwise deploy initially as asynch only, that Qualcomm chipsets might have an advantage they don't otherwise enjoy. I'm still wondering who the target audience for the whitepaper is and what the strategy behind it really is. Maybe (for once <g>) they have a solid strategy to back up the whitepaper. That would be refreeeeeeeeeeeeeeeeeeeeeeeshing. - Eric -

To: slacker711 who wrote (1906)	1/18/2002 2:34:19 PM
From: Eric L	Read Replies (2) \| Respond to of 9255

re: WR Hambrecht + Co on NOK The 42 page research report by Peter Friedland referred to in this article can be downloaded here: wrhambrecht.com This is a pretty comprehensive report with excellent exhibits and pictures and descriptions of Nokia's current product range . It addresses the industry as a whole, not jus Nokia, and I consider it a worthwhile read. >> WR Hambrecht + Co Initiates Coverage of Nokia (NOK) With a Neutral Rating And $23 Target January 18, 2002 PRNewswire WR Hambrecht + Co today initiated research coverage on Nokia NOK with a Neutral rating and a price target of $23. WR Hambrecht's Wireless analyst Peter Friedland cites the expectation for lackluster growth in Nokia's core handset business coupled with his view that the stock is fairly valued. WR Hambrecht + Co offers all its research reports free and real time www.wrhambrecht.com "Despite that Nokia is the leading wireless handset vendor with 34% market share, we expect only 5% growth in 2002 global wireless handset unit sales" says Friedland. "Moreover, based on our historical P/E analysis, we arrive at an implied valuation of $19-24 per share, which suggests that NOK shares are fairly valued at current levels." WR Hambrecht expects Nokia to report revenue of $28.7 billion and earnings per share of $0.68 for 2002 and revenue of $30.5 billion and earnings per share of $0.74 for 2003. Nokia Corporation manufactures wireless handsets and supplies wireless infrastructure equipment to wireless carriers worldwide. << - Eric -

To: slacker711 who wrote (1906)	2/13/2002 9:20:52 AM
From: Eric L	Read Replies (1) \| Respond to of 9255

re: Prelim Technology Score Card & Subscriber Discrepancies You have probably noticed that after several months of abstinence EMC just did an update of worldwide subscribers for 2001: gsmworld.com They have always tracked pretty closely with CDMA subs reported by CDG when CDG finally drags themselves around and reports. CDMA subs reported by EMC through Q2 (96.2 million) tallied pretty closely with CDG's 96.3 million. They have just reported 112.2 million cumulative CDMA subs through year end. At the end of January in a CDG Digevent Perry LaForge reported 117 million cumulative CDMA subs through year end. It will be interesting to see the official counts abstracted by CDG when they update. Note also that EMC continues to report TDMA higher than UWCC by close to 4 million. EMC's Numbers: Millions Subs Dec 00 Dec 01 Net Adds YOY Growth % Digital % All GSM Subs 455.1 646.5 191.4 42.1% 71.02% 67.7% CDMA Subs 82.2 112.2 30.0 36.5% 12.3% 11.7% PDC Subs 50.8 56.8 6.0 11.8% 6.2% 5.9% TDMA Subs 65.2 94.7 29.5 45.2% 10.4% 9.9% Total Digital Subs 653.3 910.2 256.9 39.3% 100.0% 95.3% Total Analog Subs 68.0 45.3 -22.7 -33.0% 0.0% 4.7% Total Wireless Subs 721.3 955.5 234.2 32.5% - 100.0% CDG's CDMA Numbers with Perry's plugged in for Q4: Q4 01 Net adds 13,816,000 million Q3 01 Net adds 6,871,000 million Q2 01 Net adds 5,910,000 million Q1 01 Net adds 9,963,000 million 2001 Net adds 6,560,000 million 2000 Net adds 30,340,000 million If correct then CDMA grew 45.5% in 2001 and CDMA is 12.2% of wireless subs and 12.9% of digital subs. I'll drill down further on the numbers once CDG & UWCC officially report. - Eric -