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To: pallmer who wrote (5946)	2/19/2003 10:14:01 PM
From: pallmer	Read Replies (1) \| Respond to of 29600

What's that ? The deflation is started ... -- Nortel says '03 mobile network mkt may drop 10 pct -- CANNES, France, Feb 19 (Reuters) - Nortel Networks <NO.TO> said a price war in wireless equipment could cause the entire market to fall by 10 percent in 2003, slightly revising an earlier forecast that the market would decline in single digits. "In 2002 the market was estimated at $40 billion. It can be down on average 10 percent," Pascal Debon, head of Nortel's wireless network activities said when asked how he expected sales to develop in 2003. "This is because prices are going down; there is a price war," he said in the fringes of 3GSM, a wireless trade show. He added that some mobile network equipment may halve over the next three years. He added that its clients, the mobile carriers, wanted to see a success story before they would invest heavily in new, fast wireless networks for voice and mobile Internet. "They tell us what we need is proof that the application services market is there. People are waiting for one carrier to show the way. The attitude is don't dream. Show me the money," he said. ((Reporting by Jan Strupczewski, editing by Tom Hals; +46 70721 1006; email: lucas.grinsven@reuters.com; Reuters Messenger: lucas.grinsven.reuters.com@reuters.net)) (C) Reuters 2003. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nL19180617 Symbols: US;NT CA;NT DE;NNT DE;NNTF 19-Feb-2003 17:26:06 GMT Source RTRS - Reuters News