Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (23936)	6/20/2002 6:36:47 AM
From: foundation	Read Replies (2) \| Respond to of 197032

Nokia says mulling making CDMA cellphones in China Thursday June 20, 5:05 am Eastern Time BEIJING, June 20 (Reuters) - The world's biggest cellphone maker Nokia (NOK1V.HE) is talking internally about making and selling cellphones using the CDMA standard in China, the world's biggest cellphone market, an executive said on Thursday. "We are talking about it within the company," the executive said in Beijing, where the company makes cellphones for China and overseas markets using the more popular GSM standard. However, the executive said Nokia did not have a licence to make handsets in China using the CDMA technology -- owned by San Diego-based Qualcomm Inc (NasdaqNM:QCOM - News). "There's a problem of the licence. So we have no way to directly compete right now." Nokia handset chief Matti Alahuhta told analysts in Helsinki earlier on Thursday Nokia aimed to displace U.S. rival Motorola (NYSE:MOT - News) as the largest handset provider in China and to become the world's leading maker of CDMA mobile phones. biz.yahoo.com ========== Nokia says China mkt to recover, looks at buy back Thursday June 20, 5:33 am Eastern Time (Adds Kallasvuo comments, Chinese executive, background) HELSINKI, June 20 (Reuters) - Nokia (NOK1V.HE) said on Thursday it expected the Chinese market for mobile networks to improve in the second half of the year, after an exceptionally slow first six months of 2002. The company also said it may soon consider a share buy back. "Although we have not made any definite decisions, we will be in a position to consider it soon," Chief Financial Officer Olli-Pekka Kallasvuo told analysts at the company's mid-year strategy update. A buy back would make sense to restructure the balance sheet, but the company did not want to jeopardise its credit rating, he said. On China he said: "The slowness in mobile networks in the first half has been exceptional. It's not a good illustration of that market and we expect the market to improve in the second half." Kallasvuo also fleshed out earlier statements that Nokia aims to become the largest handset vendor in China. Kallasvuo's slide presentation said this would happen some time this year, overtaking U.S. rival Motorola (NYSE:MOT - News) in that huge market. Nokia expects to reap the benefits of heavy investments in fast growing CDMA mobile technology, which is used alongside the more dominant GSM technology in China. China, together with the United States, is Nokia's single biggest market. China is expected to add 50 million mobile phone subscribers this year. "The way you compete in China is the same as in any other market: on product, lowest cost and brand. We're the biggest handset producer in China and the lowest cost producer," he said. A Nokia executive in China told Reuters on Thursday that the company was considering producing CDMA handsets in that market, but it would first have to settle licencing issues with CDMA patent holder U.S. Qualcomm (NasdaqNM:QCOM - News). Nokia is the world's largest handset maker, selling more than one in every three mobile phones in the world. Its strength is based on the GSM and TDMA market segments, which dominate around 75 percent mobile networks around the world. Nokia is not yet the market leader in CDMA, used in the Americas and parts of Asia, but the company aims to become the leader in that segment within three years. Nokia earlier on Thursday cut its second half sales growth forecast to "up to 10 percent" from an earlier prediction of 15 percent. (Additonal reporting by Jonah Greenberg in Beijing) biz.yahoo.com