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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61972)	3/13/2002 12:28:16 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Nokia: Now what? While investors have bought into many other sectors, they remain skeptical about the long-range prospects in telecom. CNBC's Martha MacCallum takes a closer look at one of the sector's standouts and gets a view on its outlook from a J.P. Morgan analyst. money.msn.com Martha MacCallum's "Inside the Business" airs every Tuesday on CNBC's Midday Call. 5:23 PM EST March 12, 2002 In 1993, Nokia (NOK, news, msgs) boldly predicted that, by the end of the century, 100 million cell phones would be in consumers' hands. That forecast came true and then some. In 2000 alone, 410 million were sold and there were three quarters of a billion users worldwide. With 37% of the global handset market, Nokia is on top of the cell phone heap. Motorola (MOT, news, msgs) has about 17% and Ericsson (ERICY, news, msgs) is in third place with about 7% of the market. During the worst period ever for telecoms -- a year that saw demand for handsets fall for the first time ever, Nokia managed to make $4.8 billion in profits in 2001. But, the top cell phone maker on Tuesday announced that, while it may exceed its first-quarter profit target, sales in the period would be weaker than expected. And its stock was hit hard on the news. The big question now is: how will it grow?