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

To: foundation who wrote (25342)	8/8/2002 8:32:11 AM
From: jackmore	Respond to of 196654

Fraud or no fraud, it was a bush league stunt. But probably not much worse than others in the long line of empty boasts coming out of Finland for some time now.

To: foundation who wrote (25342)	8/8/2002 11:31:59 AM
From: foundation	Respond to of 196654

re: Premise and Questions ========== At the time of Vanjoki's CEBIT statement that Nokia had "a real working, dual-mode 3G handset," Nokia's share price was around 24, according to Big Charts. What did investors glean from Nokia's statement? How would Nokia's comments influence the investing public? On March 12, Nokia announced to the world that they had accomplished what no other vendor had: Nokia had mastered the complexities of wCDMA handsets as well as multimode, and that handsets were "real" and "working" on March 12, and would be unveiled along with Finland's first 3G network - also designed and manufactured by Nokia - in September. Could investors rationally surmise: 1) That 3G networks in Europe and elsewhere would launch on time? After all, Nokia - producer of nearly 4 of 10 handsets globally - had "real" and "working" handsets in March. They clearly stated they would debut the handsets in September on infrastructure that they were designing, constructing and installing - so it's logical that Nokia had a firm understanding of infrastructure viability. It is reasonable to surmise that, according to Nokia, 3G in Europe was on track? This was, of course, before Finland cancelled its commercial launch, and Nokia advised the world that although handsets were "real" and "working", there would be no commercial shipments in 2002 due to carrier-based network delays. And that was, of course, before Vodafone Germany let the cat out of the bag last evening. 2) Could investors also rationally surmise that in addition to 3G networks launching on time, Nokia was well ahead its competition in 3G handset and network development? Nokia's share price is now 11.75 - largely due to the collapse of 3G wCDMA prospects. Since the March 12 statement, over half - 60.63 BILLION - of shareholder equity has vaporized. Did shareholders take positions, or continue to hold existing positions, based on Nokia public comments that stated or directly implied that Nokia was well ahead of its competitors in 3G and that Nokia 3G was on track? 60.63 BILLION