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


To: 49thMIMOMander who wrote (19164)3/26/2002 9:55:04 PM
From: Dexter Lives On  Read Replies (3) | Respond to of 34857
 
OT Last duck post

Ilmarinen, May I suggest this short course with a champion caller so that you can more effectively communicate with certain thread visitors...

The Basics: Calls Every Duck Hunter Must Master
Listen and learn
There are eight calls every serious duck hunter should have in his or her repertoire. Learn these, and you will be able to bring ducks closer in nearly every hunting situation. Click the icons to hear champion caller Greg Brinkley, maker of Drake Brake Duck Calls in Marion, AR, demonstrate each call sound.
ducks.org

Also, don't miss my edits here:
Message 17249138

Cheers and Happy Hunting! Rob

edit: yup, another Top Ten list: I think #1 is pretty common in these parts... -g

Rod Haydel's 10 Tips for Better Calling:
1. As long as the ducks are coming in, forget calling.
2. When the ducks start an erratic wing beat, hit them with a comeback call immediately to bring them back on line.
3. If they look as if they may drift off-line, use single quacks and feed calls to bring them back online.
4. Try calling at birds as they circle when they quarter into the wind. This will make it easier for them to set up for a landing zone into the wind. (Anticipate their swing).
5. Remember your whistle and mix these sounds in with your mallard call. Youngsters can blow these with ease and feel partly responsible for bringing the ducks in! The mallard drake sound should not be discounted either, especially on windless days!
6. Always start high and come down the scale smoothly with no "start-up note."
7. If possible use a call that applies to the species you're trying to call. Speak their language (eg. blue-wing teal, use a blue-wing call).
8. When team calling, one person should be the leader while the others just fill in. Don't compete against yourselves.
9. Realize that not all ducks are callable and that even real ducks do not call in all the ducks all the time.
10. Be different! If what you are doing isn't working…CHANGE. Don't get stuck in a rut!

Don't wait for next season, put these pointers into practice today and be ready for next season.

The Other Top Ten list:
Message 17245637



To: 49thMIMOMander who wrote (19164)3/27/2002 9:17:24 AM
From: Eric L  Read Replies (2) | Respond to of 34857
 
re: Tish on Handset Forecast Skepticism

>> Doubt Grows On Nokia's Cell-Phone Forecast

Tish Williams
TheStreet.com
03/27/2002

It's not a widely voiced thought yet, but a select few who follow the wireless market are starting to wonder if the 2002 forecast from market leader Nokia (NOK:NYSE ADR) for the mobile-phone industry forecast is too high.

Nokia forecast that 420 million to 440 million handsets would make their way into consumers' hands worldwide this year, but that number will require strong sales in the second half of the year to wireless customers who already have phones. As earnings season approaches, the whispers have begun to circulate that new phone models might not do the trick and Nokia will have to tone down its forecast. Following a stellar fourth quarter, Nokia, which has more than 35% of the worldwide market, will have to deliver first-quarter magic to prove its forecast for the whole industry is on target.

Back in January, Nokia felt confident enough in a rebound to report worldwide 2001 shipments of 380 million and predict 2002 sales of 420 million to 440 million. The company projected that 90 million mobile phones would ship in the first quarter, adding up to a heavily back-end loaded estimate. Nokia stuck to its numbers in a March update, despite warnings that the equipment market was even more putrid than expected.

Industry players spent 2001 watching the channel digest inventory, and in 2002 there are high hopes that snazzy color screens and alluring data features such as text messaging will get the sector cooking again.

Still, dissenters are popping up on Wall Street. Nokia's 19% drop in share price since the beginning of the year could be attributable to more than this month's equipment warning.

Estimates for worldwide subscriber growth in 2002 call for a decline. We know that this would mean 55% of the mobile-phone sales this year will come as replacement phones.

In the past two weeks, handset makers rolled out several models each at Europe's CeBIT show and the U.S. CTIA conference. Not all analysts were swayed that the models would spur the kind of growth vendors need to hit the 420 million target.

Not Enough Reasons To Buy

W.R. Hambrecht's Peter Friedland isn't impressed with Nokia's lineup and doesn't believe the worldwide market will make its numbers. "It's possible that things could accelerate, but there's no concrete reason to think there will be a huge pickup," he says. He thinks sluggish Nokia shares reflect that. "Yes, negative news on the wireless infrastructure business hit the stock, but at the end of the day the success or failure of the handset market drives the price."

Friedland was disappointed to see only three color-screened GPRS phones on the market with seven more planned for launch later in 2002 -- two of those from Nokia. He projects that at the current rate, Nokia and the other handset makers will ship closer to 400 million phones.

Taking a look at Nokia's 90 million first-quarter market estimate, a smaller contingent of skeptics think the sector may miss even that number by 4 million to 5 million. The chance of that happening seems unlikely following Nokia's midquarter report, when it could have easily combined bad equipment news with worse handset news. Instead, Nokia said its quarter would live up to expectations and didn't update guidance.

It is not so unthinkable, however, that the sector would fall short of providing an end-of-the-year push. Shipping 90 million phones to customers in the first quarter still leaves at least 330 million phones to ship in the next three quarters. Last year's seasonal patterns were atypical for most of the year, but even the valiant fourth-quarter surge saw an 18% sequential jump in sales; in 2000, that figure was more like 40%. With fewer new customers snapping up phones, the industry could be moving away from the fourth-quarter magic.

Even an 18% jump in the fourth quarter of 2001 won't meet estimates, unless there's a second- and third-quarter boost from 90 million to move the numbers along. Many of the advanced phone models don't ship until the third quarter, however, and U.S. carriers have spent the past quarter saying they won't be able to sign up customers at the hectic rate they did in 2001.

UBS Warburg's Jeffrey Schlesinger believes the market will shape up to about 400 million phones sold in to the channel as the industry finishes the third year in a "transition" period.

Until Nokia's April 18 earnings report, the naysayers will have their say. Should Nokia tweak its forecast, the pressure will be on in earnest. <<

- Eric -



To: 49thMIMOMander who wrote (19164)3/27/2002 2:42:56 PM
From: Eric L  Respond to of 34857
 
re: Serfdom in Space

Duck Stuff:

>> European Satellite Plan Ruffles U.S. Feathers

March 27, 2002

The EU yesterday approved one of its most ambitious projects, a pounds 2bn satellite navigation system intended to challenge American dominance and boost European technology and jobs.

Ignoring objections from Washington, transport ministers meeting in Brussels overcame months of wrangling over financing for the controversial Galileo network, which will free the EU from its dependence on the US GPS - global positioning system.

Often criticised as the "dome in the sky" or "the common agricultural policy in space", the project aims to have the first of 30 satellites in space in 2006 and the whole system operating two years later.

It will beam signals around the world allowing people with receivers to know instantly where they are. Its uses include traffic management, aviation and maritime navigation and scientific research.

Backed by aeronautical and electronic companies, it is also expected to create up to 100,000 new jobs, and like the Ariane space rocket and Airbus programmes, will help the EU to narrow the innovation gap with the US.

Ministers, including Britain's John Spellar, followed what was effectively an order from last week's Barcelona summit to approve the final details. Mr Spellar said he hoped that British companies would win a good share of contracts.

Galileo has involved regular spats between the EU and the US, where the Pentagon has complained that the system could interfere with the signals of the military-run GPS.

But Brussels has said bluntly that it opposes monopolies. Europeans also fear that GPS could be turned off during an international crisis.

Politically, yesterday's decision clearly signals Europe's determination to match the dominance of the US amid mounting worries about its post-September 11 hegemony.

"Europe wishes to be present on the international scene . . . in all aspects of cutting-edge technologies," the EU transport commissioner, Loyola de Palacio, said.

Britain was especially keen to play down any possible military use and insisted that any objections it had were practical, not ideological. But like other EU projects, Galileo clearly means different things to different countries.

"It will allow the European Union to liberate itself from dependence on the American GPS system," the French transport minister, Jean-Claude Gayssot, said. President, Jacques Chirac of France insisted last year that the EU could not accept "serfdom" in space by relying on GPS.

Objections over Galileo's financing had been raised by Britain, the Netherlands and Germany. But when the German chancellor, Gerhard Schroder, finally withdrew his opposition he cited the "political, strategic and economic importance" of Europe having its own satellite system.

Final discussions yesterday focused on the structure of the company that will manage the project for the next four years.

Big companies wanting to join the management board will have to pay euros 20m (pounds 12.3m) and small ones euros 1m (pounds 610,000). They will get a 75% discount if they sign up before the end of 2002.

US officials will now hold talks with their EU counterparts to ensure that Galileo is compatible with GPS. <<

- Eric -