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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Raglanroadie who wrote (61179)	3/20/2007 3:31:13 AM
From: ihavenoidea	Respond to of 197009

A look at two announcements by Nokia in the last week is instructive of Nokia business model: 1)Use litigation and forum shopping as a good (if not ethical)business practice, e.g. file suit in Regional Court of Mannheim, Germany, where their new Jt Venture Partner, Siemens, has substantial operations and influence. Nokia contributed over $2B+ to help save a j.v. partnership with Siemens. An amount that has not gone unnoticed in regional court of Mannheim area. As an aside, Nokia is also very familiar with the Mannheim jurisdiction as they have retained a law firm(s) there to assist in the Nokia/Simens joint venture, and it only makes sense,to file suit against Qualcomm in the Regional Court in Mannheim with the experience they have gained working with local firms. 2)Nokia's ethics are mirrored by their teaming with Siemens telecommunications group which is the subject of the largest corruption scandal in European History. Which of course in Germany, if not Europe, doesn't go back too far. Germany's laws against corruption were only implemented in 1999 and 2002 (1999's prohibited corruption of a civil servant and then Germany "..broadened its anti-corruption laws in 2002, allowing prosecutors also to charge people who bribe private-sector officals abroad." (Article: Siemens Ex-Official Tells of Bribes;WSJ 14/3/2007). It is also instructive that Nokia's business practices and processes relating to approving government business and consultants will be adopted by the joint venture(see article below). Of course it is common sense that based on Siemens infrastructure business, Nokia's j.v. partner's past practices can't legally be adopted. It wouldn't suprise me that the Nokia group responsible for implementing their "business practices and processes" will be headquartered out of Hellsinki, and I wouldn't be suprised if Nokia's "business practices and processes" are consistent with Finnish law. Then, based on Nokia's way of doing business it is easy to conclude that Finland doesn't have the same anti-corruption laws that Germany passed in 1999 & 2002. On what basis could I ever come to these conclusions? But on the other hand I'm proud to be a Qualcomm shareholder, whose ethics and values are beyond reproach. ihavenoidea. Data & Voice Networking News15 March 2007 Nokia-Siemens venture back on track By Nancy Gohring, IDG News Service Nokia and Siemens plan to launch their network gear joint venture on 1 April, after a delay caused by a corruption probe at Siemens. The companies put the deal on hold in December after European authorities began investigating bribery charges at the German technology company. The former head of Siemens' telecommunications equipment group, the division that will comprise half of the joint-venture company, was later arrested. The companies said last June that they'd merge their telecommunications equipment groups and initially planned to launch the new company by the end of 2006. <As a result of the review of Siemens, the companies decided that the joint venture's compliance processes will be based on Nokia's systems and practices. Processes will include training programs, centralised reporting systems and approval processes for government business and for working with consultants in sales.>