Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (25144)	6/7/2003 7:11:24 AM
From: Eric L	Respond to of 34857

Nokia Networks. << Any speculation on the reports out of Hong Kong? >> Not really. First report I saw on this was late April with conjecture that Nokia gear at '3' HK might be removed and replaced by Siemens or Ericsson gear. I then saw a Dow Jones report dated June 5 stating that 700 Nokia BST's may have been removed and replaced by Siemens. Pretty sketchy but if the June 5 report is accurate the decision may have been made earlier and action taken, before whatever was resolved in the UK that enabled the recent 'go live' that followed Siemens lighting up the south by several months. Blurb here on Nokia Networks and industry consolidation from Mike at Mobile Comms this week: The Informer had lunch with Kai Konola, director marketing and sales for Nokia's IP Mobility Networks division, this week. Konola (as you would expect) scotched rumours that Nokia is looking to get out of the infrastructure business, which is losing money, to focus more intently on its 24% margin handset business. He claimed that Nokia's infrastructure business is actually the healthiest in the sector. On the subject of consolidation within that sector, he conceded Nokia's surprise that it hadn't happened by now. At camp Nokia, Konola added, this is being taken as an indicator that it probably never will. Who can afford to take on the extra debt that would come with the purchase of any infrastructure division and who could really overcome the complex integration issues that such a move would require, he asked. - Eric -