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

To: slacker711 who wrote (17760)	1/11/2002 9:21:29 AM
From: JohnG	Respond to of 34857

Seems the 'boys' are still stuck in the 'fashion' mode. They can promise performance and deliver glitz. Jeff Vayda Finnish mobile giant to make jeweled phones money.cnn.com LONDON (CNN) - Nokia is creating a subsidiary to sell mobile phones encased in precious metals or other luxury materials. The Finnish mobile giant plans to offer the devices under a new brand name, Vertu, produced by the London-based subsidiary. The unit, which will be called Vertu Ltd. and have separate management from Nokia, will be launched globally on January 21. Vertu has hired some 200 people, and the company has contracted jewelry makers and craftsmen to manufacture the new devices, which will use existing technologies. The move comes amid a slump in mobile phone sales, with the slowdown partly reflecting saturation of major markets. Consumers have also delayed purchases of new phones as they wait for new technologies that will allow downloading of video and audio clips. Nokia, the world's largest maker of mobile phones with a market share of nearly 40 percent, has been forced recently to concede that its global market forecasts for last year were overly optimistic. In response to the sector downturn, Nokia has cut 4,700 jobs from its 60,000-strong workforce.

To: slacker711 who wrote (17760)	1/11/2002 9:35:14 AM
From: Dave	Respond to of 34857

Slacker, I have generally thought that applications are going to be far more important than data rates. Color screens, GPS, Bluetooth, and BREW/Java will help drive those applications. Agree. I believe there will be a direct correlation between the adoption of color screens and data services. Of course, there might be a "lag", but until mobile phone manufacturers can produce a phone with a decent color screen cheaply, revenues from data services will always be next to a "" on the income statement. The second and third generation models of these phones will make use of the higher data rates provided by 1xrtt.* And, how long will it take for consumers to see these 2nd and 3rd generation models? For internet surfing (from a laptop), I think 56Kbps is a minimum. I guess, i'd prefer a wireless network running at high bandwidth, personally.