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

To: FactsOnly who wrote (19473)	4/11/2002 12:12:36 PM
From: Eric L	Respond to of 34857

re: Nokia & Korea, << It does not seem like Nokia considers Korea as an important market either. >> I gather you haven't listened to Nokia's CC's or webcasts over the last 12 months very diligently. Both Korea & Japan, where Nokia is least successful in APAC are considered important potential markets. << If and when Korean's deploy WCDMA, I would not think they would be interested in Nokia infrastructure or even handsets anyway. >> It may be time to drop the "If". Despite the barriers placed by Minister Yang in attempting to create an "ueneven level playing field" (in his words) since his appointment, both KT ICON and SKT are proceeding on their chosen 3GSM third generation migration path (which has always included 1xEV-DO). This April 1999 announcement was generally ignored by most Qualcommers ... press.nokia.com ... who were in a state of denial about SKT's & KTF's third generation migration plans which had started to become clear about the time this was published 14 months later. nokia.com Will Nokia be able to parlay this into an infrastructure contract? Hard to say ... ... but we should know in the next 6 months or so. I wouldn't rule it out even though both LGE and Samsung intend to be strong W-CDMA players on the infra side, with an edge to LGE in terms of a head start in development. The infra contract with J-Phone, and the DoCoMo cooperation agreement announced in November are both indicative of the fact that Nokia's strategic planning and patience that are part of their ongoing globalization strategy, eventually can pay off. China is a case in point. It was tough sledding in the early going. They are now challenging Motorola for number one in terminals and have obtained reasonable market share in networks. The following clip is from a Nokia presentation that appeared in the Korea times about 1 year ago: Nokia's history in Korea extends back to 1984, when Nokia tmc Company was established to manufacture mobile phones in Masan. Today, Nokia tmc, with more than 800 employees, is the largest mobile phone manufacturing site in Korea and one of Nokia's largest manufacturing centers globally. At Nokia's Seoul office, about 140 staff work at Nokia Mobile Phones, Nokia Networks, Nokia Internet Communications and Nokia R&D. Nokia is a major Korean exporter, and last year introduced their first cdmaOne handsets (Nokia 8887 and the Nokia 8877) in Korea. They won't be the last. Recently we have seen LGE partnering with TI & Nokia in COMMIT, the TD-SCDMA technology China R&D venture, Nokia sourcing RAM from Samsung, Samsung considering licensing from Nokia, Samsung's intentions to license the Symbian OS, and stepped up cooperation between Korea and Finland in general IT development. Korea is a tough market to crack, but Nokia seems to be proceeding at reasonable pace and with substantial planning. As Eero Laitinen, Nokia Korea CEO, pointed out in an interview last year: "Nokia is dedicated to the Korean market and poised to maintain the long-term partnership relations." Best, - Eric -