SI
SI
discoversearch

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 (25326)8/7/2002 10:03:32 PM
From: J Langholtz  Read Replies (1) | Respond to of 196654
 
Questions:

< Fraud / Deception > The Europeans don't play by US legal standards. The broad governmental mandate was to disenfranchise Qualcomm. The carriers and equipment providers obliged. I wonder what the carrier engineers were telling management when they were evaluating Nokia 3g propaganda.

I suppose all parties hoped for the best. Nevertheless it seems that somebody will eventually be scapgoated. I always assumed that the gov'ts would forgive or subsidize the enormous license fees if the game didn't turn out as planned. We shall see.



To: foundation who wrote (25326)8/7/2002 11:21:02 PM
From: Eric L  Respond to of 196654
 
Benjamin,

re: The phone in Anssi's pocket

<< Premise: We all recall Cannes, when the Nokia talking face announced to the world that the GSMwCDMA handset in his suit jacket pocket was fully functioning, and that Nokia had 3G multimode handsets ready to go commercial, but would wait for a dramatic unveiling to be synchronized with the opening of Finland's 3G network. >>

The Nokia "talking face" was Anssi Vanjoki EVP, Nokia Mobile Phones and member of the 10 member Nokia Group executive board.

The venue was Hannover, Germany, in March (CEBIT) not Cannes, France (GSM World Congress) in February.

The statement you ascribe to him is totally inaccurate and he made no mention of a particular network.

He did say we would hear no more of this phone till September 26th.

<< Does this very public behavior meet the formal standard for fraud on the part of Nokia? >>

Does the above statement by you on a public financial message board constitute fraud on your part?

<< Is it actionable? >>

Your statement or his?

I never did find out the outcome of Anssi's fine of over USD $100,000 for breaking the speed limit (by several kph) on his Harley Davidson last year.

Now not only was that actionable, it was a Finnish record that may still stand. <g>

Best,

- Eric -



To: foundation who wrote (25326)8/8/2002 8:15:51 AM
From: foundation  Read Replies (2) | Respond to of 196654
 
re: Premise and Questions

==========

CEBIT-Nokia set for September 3G handset launch
Tuesday March 12, 6:58 AM EST

HANOVER, Germany, March 12 (Reuters) - Leading phone maker Nokia said on Tuesday it was on track to launch a third generation handset (3G) in September, helping to ease fears that the move to mobile Internet services could be further delayed.

Anssi Vanjoki, executive vice president for Nokia Mobile Phones, gave journalists at the CeBIT technology fair a fleeting glimpse of the product, which also features a camera, before tucking it back into his pocket.

"This is a real working, dual-mode 3G handset. That's the last you will see of it until 26 September at 12 o'clock when we will launch it with our partner (telecom) operators," Vanjoki said.

Nokia's comments are a boost to an industry which has invested over 100 billion euros in licences to offer high-speed 3G services, which will allow mobile phone users to download videoclips and access other multi-media services.

Nokia Mobile Phones President Matti Alahuhta said fears over the availability of 3G handsets had been overblown and that Nokia hoped to start shipping the product in big volumes in the fourth quarter of the year.

money.iwon.com

Message 17185357

==========

On March 12, nearly 5 months past:

"This is a real working, dual-mode 3G handset.

"real"

"working"

My wife owns NOK shares. How should she or any shareholder parse Vanjoki's statements?

"real"

"working"

"NOW, on March 12, 2002"

Has my wife suffered material harm by believing NOK's public statement that they had a "real working, dual-mode 3G handset" in March, well ahead of other vendors?

Has my wife suffered material harm by believing NOK's public statement that, in having a "real working, dual-mode 3G handset", NOK was well ahead of the pack, and NOK would not only effectively compete, but indeed lead in the development and provision of 3G equipment and services?

Has my wife suffered material harm by logically inferring that NOK, having a "real working, dual-mode 3G handset", had mastered the technical problems associated with 3G technology, including handoff? Was this inference, in fact, NOK's intent?

What was NOK's intent in making this statement?

What did NOK communicate to the industry, what did NOK communicate to its shareholders, including my wife, by using the specific terms:

"real"

"working"

My wife, and other shareholders now learn that the very same handsets that Vanjoki very clearly stated on March 12 were "real" and "working" are actually going to hold up a customer carrier in late 2002 due to technical problems, including handover.

Can a 3G multimode handset - can any mobile handset - be considered "working" if it will not execute remedial handovers between cell sites? If carriers cannot sell them to the public?

In light of Vodafone's statements, the perception and reality of NOK's prospects for competing in next generation mobile services has materially changed from March 12 to today. Have shareholders who based investment decisions on March 12 statements been materially harmed?

Was NOK's statement accurate on March 12?

Is the statement accurate even today?

Not according to NOK's customer:
Message 17849789