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

To: Wafa SHIHABI who wrote (1859)	5/2/1999 1:20:00 PM
From: Bux	Respond to of 34857

Oh, Brian... Get a life. Who's life is lacking? Brian's post was fact-filled, though-provoking and well-written. Your post brings nothing to the table and could have been written by a six year old. Bux

To: Wafa SHIHABI who wrote (1859)	5/3/1999 1:10:00 AM
From: brian h	Read Replies (1) \| Respond to of 34857

WS, My life is counting on QCOM. What is yours? Hopefully it is not Nokia and this SI board. (gg) Tero, Now could you tell me that this is not true that ERICY do not provide vendor financing to its customers? Certainly it is not from Nokia. China Unicom To Spend $843 Mln On CDMA - Newspaper BEIJING (Reuters) - China Unicom will invest 7.0 billion yuan ($843 million) to build a CDMA mobile phone network to challenge the near monopoly of China Telecom, the China Daily Business Weekly said Sunday. The U.S.-developed CDMA (Code Division Multiple Access) standard was Unicom's ''best shot'' to compete with the entrenched GSM (Global System for Mobile Communications) standard of China Telecom, the official newspaper said. The five-year-old Unicom, the tiny rival to state-owned giant China Telecom with only five percent of China's fast-growing telecoms market, would expand its CDMA networks this year, a senior company official was quoted as saying. ''We will develop a large-scale CDMA network and the feasibility study is under consideration,'' Wang Jianzhou, Unicom's executive vice president, told the China Daily Business Weekly. Wang credited recent government policy changes with creating a ''favorable operational environment'' for the struggling Unicom. The newspaper said the Ministry of Information Industry would merge Guoxin Paging Corp, China's largest paging operator, with Unicom. Guoxin, with 39.5 million customers and assets of 13 billion yuan, would seek a domestic listing this year, it said. Unicom, plagued by capital shortages in its bid to capture 30 percent share of the market by 2003, was seeking new funding sources in the wake of the government's freezing last year of an investment method called China-China-Foreign (CCF), the report said. CCF involved injecting capital into a Sino-foreign joint venture, which in turn invested in a Unicom project for a share of the revenues. Wang said Unicom's funding woes would be eased by a recent agreement with Swedish telecoms group Ericsson under which it would obtain GSM equipment, accessories and system software and pay for the equipment after three years. Annual payments would depend on the number of subscribers to the new system, reducing Unicom's financing costs and sharing risks with Ericsson, Wang was quoted as saying. Unicom, set up in 1994, has assets of 130 million yuan, compared to China Telecom's assets of 560 billion yuan. Unicom won the backing of Premier Zhu Rongji this year to roll out a CDMA network by December. Zhu has sought to boost competition in the sector in the face of complaints about high prices and poor service by the state-owned China Telecom.

To: Wafa SHIHABI who wrote (1859)	5/5/1999 12:55:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 34857

Tero, Qualcomm handsets are very profitable thanks very much and the production rate is expanding rapidly. There seems little point in terminating something which is a great success. You harp on about declining market share for Q! in handsets. With 25 or so subscriber handset licensees, what did you think would happen? Qualcomm licensed those companies so they would produce huge amounts of CDMA equipment and they are starting to do so. Unsurprisingly this means a market share drop in handsets from 100% to probably around 20% or 10%. I'm happy with that. The infrastructure division is about to become a great success too, with Ericy supplying a big stack of cdmaOne equipment to China. Yes, it won't be owned by Qualcomm, but Qualcomm has been paid for the infrastucture division by Ericy and will now receive a big stack of royalties on the infrastructure sales to Unicom, as well as ASIC infrastructure sales to Ericy as well as royalty, ASIC and handset sales to Chinese subscribers. You continue to bamboozle me with your valuation of Qualcomm's handset business. I do agree that Qualcomm could spend all the royalties trying to support unworthy business units, but as you can see from the infrastrucutre business sale, they don't have a history of doing that. The point is, Nokia is looking at a very serious competitor in the big new market of cdmaOne and WWeb. The success of cdmaOne is no longer a question. By the end of this year, there will be over 50 million cdmaOne subscribers. That has been a very, very rapid growth rate. There is a huge proliferation of cdmaOne handset makers. Q! market share will drop. Nokia is unlikely to enjoy the market share they have enjoyed with the restrictive trade practises, government mandated GSM world. Sure, Nokia will translate their expertise into a very high level of success in cdmaOne and WWeb technologies [well, they should do, but companies often fail in the paradigm shifts]. You seem to live very much in the present, which is a very American cliche. The world arrives from the future and the imagination of unknown people. Often those unknown people are in the existing large companies as you say, with their large incomes and big research and development departments. Qualcomm might not have the creativity to come up with the WWeb devices and functionality which subscribers will buy. But there is a good chance they will and I don't know who will do better, given the links between ASICs for handsets and infrastructure, handset device, software, Globalstar, Eudora and WirelessKnowledge. You seem to deny the likely success of WWeb systems because of cost. The cost per minute of WWeb [be it cdma2000, W-CDMA or something else] is going to be quite moderate. Not cheap enough to watch videos on-line, but certainly cheap enough to book motels, send emails, voice mails and move money, rent cars, check movies, airline flight delays, maps, corporate infranets and a whole lot more. There is certain to be a huge and wild success for these devices. Qualcomm has made a small entry with the pdQ and Nokia with their WWeb phone. These will not be more than an entree. Not even that. Just the aroma outside the restaurant. You seem to disparage the success of Qualcomm. The IPO in 1991 was $9 per share. The price now is $200 per share. That's a very, very good return on investment. Qualcomm has had a litany of success [with a few glitches like contacts on the QCP820]. Similarly for Globalstar, the IPO was $5 per share [my buy at $3 per share] now priced at $20 per share, which is not a bad return either and that for a still speculative stock with a terrible example in Iridium. The CDMA world is only warming up Tero. You and Nokia had better be ready because the tsunami is underway. NTT is in a very, very big hurry. China will be buying a LOT of CDMA. Forget the politics, CDMA is cheap and high quality. If Zhu Rongji doesn't like the USA he can buy from Ericy [still paying Q!], but still the CDMA will arrive. There is a balancing act for them between GSM and CDMA. They will maximize their returns from GSM, but they will introduce CDMA as it is economic, not when it is 'politically appropriate'. There is a tendency to patronize China as though they are simpletons with dumb politics and bribery their modus operandi. Sure they might make some mistakes. But don't bet on it. They have got about 600 million kilograms of higher than average IQ to help row the boat! The USA has got about 150 million kilograms of below average [China average] brainpower. [Yes, yes, I know that brainpower hasn't traditionally been measured by the kilogram]. Statistics are such fun! Maurice Wafa, please don't clutter the board with comments such as "Get a Life" and other non-posts. I like to read useful things on these boards and posts such as your recent ones are messing it up. These boards are not here for your personal edification. How about contributing instead of specifying who should get lives [fancy adopting such a crass American expression of denigration - may a thousand camels pee in your tent].