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

To: Eric L who wrote (18642)	3/8/2002 8:49:00 AM
From: elmatador	Respond to of 34857

Nokia and Ericsson network seen hit Merrill Lynch lowers 2003 wireless equipment estimates By Chris Nuttall FT Investor, 13:15 GMT Mar 8, 2002 LONDON (FT Investor) - Nokia has not even reached its first mid-quarter update of the year and the broker Merrill Lynch is already talking down its prospects not just for 2002, but 2003 as well. mwprices.ft.com Nokia will reveal progress on handset and network sales next Tuesday, but Merrill reduced its estimates of what its corporate customers, the wireless operators, will be spending in 2003 in a series of reports on Friday. ... For Siemens [723610, News, Chart, Research] [SI, News, Chart, Research], growth for wireless infrastructure is cut to 5 per cent from 8 per cent. Merrill thinks Siemens, helped by its relationship with NEC, is continuing to gain market share and has the potential to be a strong number three competitor to Nokia and Ericsson.