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To: foundation who wrote (33353)	3/11/2003 9:12:47 AM
From: waitwatchwander	Read Replies (3) \| Respond to of 196740

Nokia Looks Back at 25 Million CDMA Handsets and Sets Course For The Future prnewswire.com - Nokia's CDMA investment pays off with successful product line, chipset development and EV-DV technology - NEW ORLEANS, March 11 /PRNewswire/ -- Later this month, Nokia will mark another milestone by producing its 25 millionth CDMA handset, a figure that few other handset producers can match. In the twelve years since becoming one of the first manufacturers to begin research and development efforts in CDMA technology, Nokia has marketed over 20 models of CDMA handsets, developed 3 different generations of CDMA chipsets and has shipped phones to 25 different countries. Today, Nokia is shaping the direction of the CDMA market by pioneering development in next-generation CDMA2000 1xEV-DV technology. Nokia's CDMA efforts began with a handful of researchers in 1991, a time when most of the world's wireless phones were still based on analog standards. These efforts quickly began to produce results, and in 1997 Nokia introduced its first CDMA products, the Nokia 2170 and Nokia 2180 phones, both of which were based on Nokia's own IS-95 CDMA chipset. Today, Nokia has over 1000 people concentrating specifically on CDMA, many of them housed in Nokia's 330,000 square-foot state-of-the-art product creation center in San Diego. Including five new CDMA2000 1X handsets introduced today in New Orleans, Nokia's current CDMA product line now includes 17 models, each of which is based on a Nokia-designed chipset. This current lineup follows Nokia's successful product category strategy, with individual models designed specifically for a well-defined consumer segment. The new Nokia 2200 Series CDMA phones fall in the Basic category, and are designed for first-time, budget-conscious and pre-paid users as well as for customers in emerging wireless markets, while the new Nokia 6585 is part of Nokia's Fashion category, and is targeted towards an upscale, image-conscious user who desires a compact phone with features like a color screen and FM radio. Other models in Nokia's CDMA stable are designed for the markets in-between, including phones for younger, more flamboyant wireless users and models for business users needing a work-focused, feature-rich handset. Demonstrating Nokia's decade long expertise in CDMA, field trials of Nokia-designed CDMA2000 1xEV-DV mobile phone chipsets will begin during the second half of 2003. The CDMA2000 1xEV-DV specification, developed by leading CDMA companies including Nokia, represents the logical next step for incumbent CDMA operators upgrading their existing CDMA2000 1X networks. Allowing the flexibility to dynamically balance voice and data traffic by allocating bandwidth on demand, CDMA2000 1xEV-DV allows for the performance of two high-value tasks simultaneously on a single RF section device. Following successful completion of these field trials, Nokia plans to market new terminals based on Nokia-designed CDMA2000 1xEV-DV chipsets. "Few companies can match the experience in CDMA that Nokia has gained from over a decade of research and development. The combination of this experience with Nokia's understanding of the market, leadership in mobile design, and wireless engineering prowess has positioned Nokia for continued success in the CDMA market," said Soren Petersen, senior vice president and general manager of Nokia's CDMA business unit. "Our extensive work in CDMA engineering makes Nokia the only handset manufacturer to design its own CDMA chipsets and its own CDMA phones. This allows us unmatched flexibility in design and production to create products tailored to meet the cost and feature-set needs of a wide range of customers." About Nokia Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Media only please contact: Keith Nowak Nokia Americas 972-894-6182 214-680-6182 (at CTIA) keith.nowak@nokia.com Industry Analysts only please contact: Virve Virtanen Nokia Americas 972-894-6331 214-680-4705 (at CTIA) virve.virtanen@nokia.com SOURCE Nokia

To: foundation who wrote (33353)	3/11/2003 4:14:18 PM
From: foundation	Read Replies (1) \| Respond to of 196740

Network Warning From Nokia Unstrung 03.11.03 Nokia Corp. (NYSE: NOK - message board) has cast a dark shadow over the global wireless infrastructure market by announcing that its network division will be reporting sales up to 20 percent lower than originally predicted for its first-quarter report this year (see Nokia Updates Forecast). As a result, first-quarter sales for the whole group are expected to be down year-on-year. In a mid-quarter update, the Finnish giant, which last year cut its sales outlook six times and reported an annual fall in revenue for the first time in more than a decade, said it expected to post a pro forma earnings per share of €0.15 to €0.17 in the first quarter, compared with a previous target of €0.15 to €0.19. According to the vendor, this fall is primarily due to weaker than expected sales and margins from its Nokia Networks wireless infrastructure division. In a conference call, Olli-Pekka Kallasvuo, Nokia's chief financial officer, told journalists that sales from its networks division are expected to decline by 15 to 20 percent as its carrier customers continue to cut infrastructure investment. “Nokia Networks will post a substantial pro forma operating loss for the first quarter. The lower sales levels we are estimating make operating breakeven more difficult to reach without significant cuts in overall functions,” he admitted. “This is the major challenge for now, as we need to maintain certain levels of R&D and marketing that are necessary for the long-term health of the business." While not prepared to divulge just what measures these "cuts" will entail, he did remark that this would form the basis of the company’s first-quarter earnings announcement on April 17th. Any future plans will follow last month’s announcement that 550 positions in the U.S., U.K., Sweden, and Finland are to be lost (see Nokia Cuts R&D). Nokia has already eliminated 9,000 jobs, or 15 percent of its total, over the past two years, following a tailspin in operating profits over the previous eight quarters. Despite a relatively solid performance from Nokia's mobile phone unit (where sales are expected to show growth for the fourth consecutive quarter), Lehman Brothers is quick to point out that this decline in overall revenue has been driven “primarily by continued cuts to 2G spending by operators across all regions.” The continued delay in the rollout of 3G technology only serves to make matters worse for the vendor. The impact this network shortfall will have on overall company growth could be severe, according to Dr Richard Windsor, communications equipment analyst at Nomura Holdings Inc. “The problem is that now Networks is loss making, it is destroying value attributable to Nokia Mobile Phones and is further damaging sentiment,” he writes in an email to Unstrung. Worse still for Nokia, he cites Alcatel SA as looking “increasingly attractive” to investors, as it has “double-digit margins in infrastructure to fall back on, and is less exposed to this industry as a sub-sector.” March has been a month Nokia will be keen to forget. Last week it announced it had terminated its partnership with the BlueTel Group of companies with immediate effect (see Nokia Dumps Euro Partner). It will be hoping that yesterday’s wideband- CDMA deal with Huawei Technologies Co. Ltd. will give it something to smile about as it attempts to make inroads into an uncertain Chinese 3G market (see Nokia & Huawei Ink Dull Deal). Given today’s news, its network business certainly needs something to celebrate. — Justin Springham, Senior Editor, Europe, Unstrung unstrung.com