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To: scratchmyback who wrote (22647)10/17/2002 1:13:50 PM
From: Eric L  Respond to of 34857
 
re: Tero Kuittinen on...

Nokia's Uniquely American Problem

thestreet.com

This column is a special bonus for TheStreet.com readers.

Good article.

JO: "Our CDMA sales will be up in the 4th Quarter, Yes."

They better be! <g>

- Eric -



To: scratchmyback who wrote (22647)10/17/2002 1:22:23 PM
From: carranza2  Read Replies (1) | Respond to of 34857
 
* GSM/Edge handsets to be shipped in 2002 (to be launched on November the 5th in Munich?)

Interesting time-line to follow given what carriers are being told.

Message 18106498

If anyone remembers, AT&T Wireless said it would have EDGE services available in '02. At least according to Nokia's spokesperson. It should know--it's supplying the EDGE equipment.

wirelessnewsfactor.com



To: scratchmyback who wrote (22647)10/18/2002 3:13:44 PM
From: Eric L  Read Replies (1) | Respond to of 34857
 
re: GSM in Brazil

Crossing international boundaries this week was Telecom Italia Mobile, which today consolidated its Brazilian GSM operations with the opening of 1,000 sales outlets in 80 cities. “The most important operation of the TIM Group outside Europe,” according to the company, claims to be the sole operator to provide services throughout Brazil. TIM hopes to bag 1.5 million new subs by the end of 2003. The timing could be better, though, as the already shaky Brazilian economy and currency have come under intense pressure from international markets, indignant at the Brazilian electorate’s apparent backing for a non-IMF/Washington-approved candidate for president. - Mike at Mobile Communications, October 18, 2002 -

- Eric -



To: scratchmyback who wrote (22647)10/19/2002 10:28:21 AM
From: Eric L  Respond to of 34857
 
re: France Telecom assuming MobilCom debt.

This is interesting in light of Nokia's EUR Q3 writedown this quarter:

[France Telecom] will take on ... EUR1.2 billion in financing agreements with Nokia and Ericsson, the newspaper said.

From Nokia's Q3 earnings statement:

MobilCom write-off - EUR 306 million: As outlined in the September mid-quarter update, Nokia has agreed with France Telecom the principle terms of converting Nokia's outstanding receivables from MobilCom. At the same time, the remaining financing commitment to MobilCom of approximately EUR 530 million will not be made available. These arrangements with France Telecom, however, are subject to the overall resolution of the MobilCom situation. During the third quarter, the negative impact on Nokia of the MobilCom exposure was EUR 306 million. In an agreement with MobilCom Nokia has ceased all deliveries to them.

>> France Telecom To Assume EUR 7.5 Billion MobilCom Debt

Dow Jones
October 18, 2002

France Telecom intends to assume about EUR7.5 billion in debt from MobilCom AG , the German telecommunications company in which it holds a 28.5% stake, the Handelsblatt newspaper reported Friday.

France's biggest phone operator will take on a EUR4.7 billion loan for MobilCom's third-generation mobile network, EUR1 billion in shareholder loans, and EUR1.2 billion in financing agreements with Nokia and Ericsson , the newspaper said.

France Telecom will pay MobilCom EUR485 million to halt development of the 3G network, Handelsblatt added.

In return, MobilCom will agree not to seek damages from France Telecom, the newspaper said.

A memorandum of understanding will be signed within two weeks, although it's unclear whether MobilCom founder and 40% shareholder Gerhard Schmid supports the plan, Handelsblatt said.

MobilCom's future has hung in the balance since France Telecom, struggling to reduce debt, decided last month to halt financing for its German partner.

The Financial Times reported Friday that France Telecom had denied reaching a settlement with MobilCom.

The agreement negotiated by Eric Bouvier, a France Telecom representative, and MobilCom supervisory board member Dieter Vogel, didn't, and wouldn't, include a write-off of inter-company loans nor extra funding, the FT said, citing France Telecom spokesman Bruno Janet. <<

- Eric -



To: scratchmyback who wrote (22647)10/21/2002 12:34:16 PM
From: Eric L  Respond to of 34857
 
re: FT & MobilCom

The article below contradicts one I previously posted at this link:

Message 18133242

>> France Telecom Says It Won't Take Over Additional MobilCom Debt

Associated Press
October 18, 2002

France Telecom on Friday denied that it will take over additional MobilCom debt, and said it won't resume financial support for the German mobile phone operator.

"We are no longer supporting MobilCom financially, and we aren't taking over any debt," France Telecom spokesman Bruno Janet said.

He was responding to reports in the Financial Times and the German business newspaper Handelsblatt that France Telecom intends to assume an additional 7.4 billion euros ($7.3 billion) in debt from MobilCom.

France Telecom has a 28.5 percent stake in MobilCom, and its board decided Sept. 12 to stop investing in MobilCom, Janet said.

At that time, the French company said it was working on an agreement with MobilCom's banks and suppliers to convert the debt of 5.8 billion euros ($5.7 billion) owed to them into securities that can be exchanged for France Telecom shares.

MobilCom owes 4.7 billion euros ($4.6 billion) to banks and 1.1 billion euros ($1.08 billion) to its main suppliers, Telefon AB LM Ericsson and Nokia Corp.

"We stopped financing MobilCom on Sept. 12 ... and there will be no further financing of this kind for MobilCom," Janet said. "We won't help MobilCom make ends meet again."

The reports had said the French company would take over a loan of 4.7 billion euros ($4.6 billion) for MobilCom's third-generation mobile network, 1 billion euros ($980 million) in shareholder loans, and 1.2 billion euros ($1.18 billion) in financing agreements with Nokia and Ericsson, while paying MobilCom 485 million euros ($475 million) to halt development of the third-generation network.

MobilCom officials declined to comment on the reports.

France Telecom took writedowns of 3.19 billion euros ($3.13 billion) in 2001 and 7.3 billion euros ($7.2 billion) in the first half of 2002 related to its investment in MobilCom.

Prior to France Telecom's decision to stop financing its German affiliate, the French company and MobilCom's former chairman and main shareholder Gerhard Schmid had been feuding for months over the financing of MobilCom's third-generation license.

MobilCom's survival is now dependent on a loan of up to 400 million euros ($392 million) from the German government, which still requires approval from the European Commission. The loan is seen as MobilCom's only way of avoiding bankruptcy.

Mobilcom announced on Monday that creditor banks had granted it a reprieve on payment of 4.7 billion euros ($4.6 billion) in loans until Oct. 31. The extension gave the company time to find a way to survive without its French partner.

It has already announced plans to drop some 1,850 of its 5,000 employees, and analysts say it might find a way to continue in its core business as a reseller of mobile service on other company's networks. <<

- Eric -



To: scratchmyback who wrote (22647)10/22/2002 3:40:59 PM
From: Eric L  Respond to of 34857
 
Samsung using Symbian OS & Nokia UI - Nokia leads in Smartphones/PDAs

>> Samsung Licenses Symbian OS for Smart Phones

Joris Evers
Ephraim Schwartz
InfoWorld
October 21, 2002

infoworld.com

Symbian, based in London, and Samsung Electronics, based in Seoul, South Korea, jointly announced today that Samsung will license the Symbian operating system for its upcoming line of 2.5G and 3G smartphones worldwide.

Samsung will also use the Nokia Series 60 reference design for the user interface and other handset services.

"We don't do services or content. We leave it to our licensees to create the user interface on top of the OS," said Peter Bancroft, vice president of communications at Symbian.

Symbian receives a licensing fee of about $5 per handset, Bancroft said.

While the Symbian OS has been "below the radar" in the United States, with not many handsets shipped from the leading manufacturers, this will change over the next several months, said Bancroft.

There will be 14 more handsets from eight manufacturers within the next three to four months, Bancroft added.

Symbian OS is a joint venture from Motorola, Nokia, Sony/Ericsson, Ericsson, Siemans, Panasonic, and Psion with each of those manufacturers expected to begin shipping Symbian-based phones.

Despite the ever-increasing competition from the likes of Microsoft, Palm, and RIM for the cell phone market, Symbian does not believe those companies are its major competitors.

"Our biggest competition comes from the handset manufacturers' own internally developed operating system," said Bancroft.

Worldwide, Symbian appears to be gaining marketshare from both the OS manufacturers as well as the in-house proprietary operating systems.

Symbain's share of the handheld device OS market in Europe, the Middle Eas,t and Africa grew 252 percent over the last year, boosted by Nokia's launch of a phone running Symbian's software.

The jump leaves sales of devices running competing software trailing growth in the market as a whole, market researcher Canalys.com said Monday.

Overall, 1.18 million handheld devices with electronic organizer functionality and synchronization capability were shipped in Europe, the Middle East, and Africa in the third quarter, up 104 percent from 578,600 in the year-ago period, Canalys of Reading, England, said in a statement.

Symbian, profiting from the introduction of Nokia's 7650 phone, saw its market share rise to an all-time high of 57 percent in the third quarter, up from 33 percent in the same period last year, Canalys said. Symbian, in London, develops an operating system for mobile phones and handheld computers and is owned by several mobile phone makers and Psion.

Shipments of handhelds with Microsoft software in Europe, the Middle East, and Africa rose 93 percent in the third quarter to 231,770 units, helped by product introductions from Toshiba and Fujitsu Siemens, and gave Microsoft a 20 percent share of the market, one percent lower than a year earlier.

Microsoft is breathing down the neck of rival PalmSource. A total of 234,730 devices running the Palm OS shipped in Europe, the Middle East, and Africa in the third quarter, 27 percent more than last year, but far below the overall market growth of 104 percent. The share of Palm OS devices on the market dropped from 32 percent last year to 20 percent, Canalys said.

"This is the closest Microsoft has ever been to Palm. It is within touching distance now," said Chris Jones, senior analyst at Canalys.

Market shares will likely keep fluctuating, Jones said. Palm traditionally has good fourth quarters and should benefit from its new low-priced Zire model, while Orange is preparing the launch of a mobile phone running Microsoft software, and Dell Computer will introduce a PDA running Microsoft's Pocket PC software, Jones said. <<

- Eric -