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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Jim Mullens who wrote (53892)	4/29/2003 12:06:09 PM
From: Eric L	Read Replies (1) \| Respond to of 54805

3G Infra Jim, << Thanks for correcting me. I should have made myself clearer. Would these be more accurate statements? >> No. In my estimation they would not be, and this one is an absolute beauty and it is almost as good as your questionable "rememberance" of Ed Snyder stating that KDDI would never deploy 3G CDMA2000 in Japan AFTER KDDI announced their decision to do so, or your inability to recall Snyder in his Hambrecht & Quist days having a buy rating on QCOM after the ERICY accord and Qualcomm's capitulation on its 5 Principles: The “infra king” (Nokia) has had to reduce its infra staff by 50% in part because it has failed to provide a working WCDMA technology to its customers on time and within budget and as a result is seeing contracts terminated or future contracts being awarded to its competitors. Nokia is not the infra king. Ericsson is the infra king with a greater than 2x market share over its next closest competitor, Nokia. Ericsson reduced (is reducing over a 30 month period) its staff by over 50%. Nokia is reducing staff on the network side, but on a percentage basis they have reduced less than any other wireless comms equipment manufacturer, and unlike their competitors they continue to enjoy extremely good financial health to the tune of being the 4th most profitable IT company in the world, and in a tough sector where no other network gear manufacturer has been profitable over the last few years, Nokia Networks reeled off 8 straight quarters of profitability before reporting a proforma loss (with reported IAS profit) this last quarter on the network side of the house which was compensated by exceptional profitability on the phone side. Peak staffing at Nokia around the end of 2000 was about 60,000 (all divisions). After the latest reductions they'll be at about 51,000 - Eric -