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To: Kayaker who wrote (111506)	1/25/2002 4:53:37 PM
From: Kayaker	Respond to of 152472

Cellphone Industry on Tenterhooks for Recovery By Paul de Bendern and Lucas van Grinsven Friday January 25 10:04 AM ET HELSINKI/LONDON (Reuters) - The mobile phone industry needs a second half recovery if it is to meet its modestly ambitious goals for 2002, but companies and analysts warned on Friday that this year could well end in tears. The world's big three mobile players, which have scraped through one of the worst years in the industry's young history, told investors this week they will be slow off the blocks in 2002 as wireless operators continued to cut spending, growth markets slowed and consumers failed to upgrade handsets. But Finland's Nokia (news - web sites), Sweden's Ericsson (news - web sites) and U.S.-based Motorola also said business would improve as consumers and carriers warm to the next, third generation of fast mobile data and voice communications (3G), due online in late 2002. Ericsson and Motorola said at worst there would be a sales decline of 10 percent in 2002. Nokia sees a flat network market, and plans to win market share by growing both its handset and network equipment revenues by 15 percent. Analysts remain cautious. There are no signs yet of a clear rebound in the global economy and telecoms operators remain strapped for cash..... dailynews.yahoo.com