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

To: brian h who wrote (1665)	3/23/1999 11:01:00 AM
From: tero kuittinen	Respond to of 34857

Competitíon is healthy; but if you live in a country with a population of 5 million you soon learn to appreciate the benefits that companies based in major countries enjoy. I think companies should compete against each other without distortions that government influence introduces. USA has a big trade deficit with China - now the American trade negotiators are telling the Chinese that they better cough up some dough for CDMA equipment or else. This is not healthy. The reason why I'm not too concerned is this: companies that enjoy the benefits of big deals that their governments arrange for them tend to get lax. Motorola landed the Japanese multi-billion dollar mobile infrastructure deal mostly because of US government pressure - on pure merits Nortel probably deserved to win. But since Canada can't bully Japan like USA, Motorola took home the bacon. Ultimately it didn't do Motorola much good - the quality of their network equipment has been low, because they got overconfident. Sooner or later the market system punishes companies that get unfair preference in competition... that's what hurt Siemens and Alcatel, who were coddled by their governments during the Eighties. France and Germany managed to lock Ericsson and Nokia out of their countries in favor of the home town heroes. But in the end, the competitive edge of Siemens and Alcatel eroded so badly that they lost their grip on the global mobile network market. Tero