PRESS RELEASE: QUALCOMM and Yulong (a Subsidiary of China Wireless Technologies) Sign 3G Worldwide Subscriber Unit License Agreement

SAN DIEGO, Jan. 26 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, and Yulong Computer Technology Co., Ltd., a subsidiary of China Wireless Technologies, today announced that the companies have signed a worldwide subscriber unit license agreement. Under the terms of the multi-million dollar, royalty-bearing agreement, QUALCOMM has granted Yulong a worldwide license under its CDMA patent portfolio to develop, manufacture and sell subscriber units implementing any 3G CDMA standard (i.e., CDMA2000(R) 1X/1xEV-DO, WCDMA/UMTS). The royalties payable by Yulong are at QUALCOMM's standard rates and are the same irrespective of the CDMA standard implemented by the subscriber unit.

"QUALCOMM is pleased to license Yulong for the development, manufacture and sale of 3G wireless devices," said Marvin Blecker, president of QUALCOMM Technology Licensing. "As CDMA continues to help accelerate wireless communications around the world, it is important that companies like Yulong expand their product offering to include advanced 3G products and solutions in order to provide the widest possible choice of products to consumers."

"This license agreement will enable China Wireless, through its Yulong subsidiary, to develop and market competitive 3G products, keeping pace with the need for enhanced wireless devices," said Guo Deying, president of China Wireless. "We look forward to working with QUALCOMM, the leading developer and supplier of CDMA technology, to support 3G adoption in China and worldwide."

Established in 1993, China Wireless Technologies is a leading supplier of total wireless data solutions and smartphones. Leveraging its expertise and knowledge in wireless communication, the Group provides integrated solutions, from back-end systems to wireless intelligent terminals with proprietary operating systems, for the telecom, public security and securities sectors, and different industrial and commercial enterprises. Yulong is a wholly owned subsidiary of China Wireless Technologies.

QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2005 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 25, 2005, and most recent Form 10-Q.

QUALCOMM is a registered trademark of QUALCOMM Incorporated. CDMA2000 is a registered trademark of the Telecommunications Industry Association (TIA USA). All other trademarks are the property of their respective owners.
QUALCOMM Contacts: Jeremy James, Corporate Communications Phone: 1-858-651-1641 Email: corpcomm@qualcomm.com Bill Davidson, Investor Relations Phone: 1-858-658-4813 Email: ir@qualcomm.com Yulong Contact: Zhang Guangqiang, Assistant GM Phone: 86-1-331-699-1869 Email: Zhangguangqiang@yulong.com SOURCE QUALCOMM Incorporated
/CONTACT: Jeremy James, Corporate Communications, +1-858-651-1641, corpcomm@qualcomm.com, or Bill Davidson, Investor Relations, +1-858-658-4813, ir@qualcomm.com, both of QUALCOMM Incorporated; or Zhang Guangqiang, Assistant GM of Yulong, 86-1-331-699-1869, Zhangguangqiang@yulong.com
/Web site: http://www.qualcomm.com
(END) Dow Jones Newswires
01-26-06 0755ET

PRESS RELEASE: QUALCOMM Signs 3G Worldwide Subscriber Unit License Agreement With Casio

SAN DIEGO, Jan. 26 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced it has expanded the terms of Casio Computer Co., Ltd.'s existing subscriber unit license agreement to include all 3G CDMA standards (i.e., CDMA2000(R), WCDMA/UMTS, TD-SCDMA). Under the terms of the royalty-bearing expansion, QUALCOMM has granted Casio a worldwide license under QUALCOMM's CDMA patent portfolio to develop, manufacture and sell subscriber units implementing any 3G CDMA standard. The royalties payable by Casio are at QUALCOMM's standard rates and are the same irrespective of the CDMA standard implemented by the subscriber unit.

"QUALCOMM is pleased to license Casio, a leading consumer electronics company, for the manufacture and sale of 3G subscriber units," said Marvin Blecker, president of QUALCOMM Technology Licensing. "This license will allow Casio to offer 3G handsets that provide consumers the opportunity to have high-quality, high-speed, wireless access to feature-rich multimedia applications and services. Casio's initiative to add WCDMA products to their product line is a testament of yet another manufacturer recognizing the market value of 3G products."

"WCDMA is a rapidly-growing worldwide standard for providing advanced mobile wireless services," said Kanji Ozawa, director of business development, Casio Hitachi Mobile Communications. "QUALCOMM, as the leader of CDMA technologies, continues to promote competition, innovation and technological advancement through its broad licensing program and offering of a comprehensive array of chipset and software solutions. This license agreement will enable us to expand our product offering to include a wide variety of WCDMA devices, fulfilling the needs of the 3G market."

QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2005 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 25, 2005, and most recent Form 10-Q.

QUALCOMM is a registered trademark of QUALCOMM Incorporated. CDMA2000 is a registered trademark of the Telecommunications Industry Association (TIA USA). All other trademarks are the property of their respective owners.
QUALCOMM Contacts: Jeremy James, Corporate Communications Phone: 1-858-651-1641 Email: corpcomm@qualcomm.com Bill Davidson, Investor Relations Phone: 1-858-658-4813 Email: ir@qualcomm.com SOURCE QUALCOMM Incorporated
/CONTACT: Corporate Communications, Jeremy James, +1-858-651-1641, corpcomm@qualcomm.com, or Investor Relations, Bill Davidson, +1-858-658-4813, ir@qualcomm.com, both of QUALCOMM Incorporated
/Web site: http://www.qualcomm.com
(END) Dow Jones Newswires
01-26-06 0749ET

Nokia Reports Fourth Quarter 2005 Net Sales of EUR 10.3 Billion, EPS of
EUR 0.25 Nokia Reports 2005 Net Sales of EUR 34.2 Billion, EPS of EUR 0.83
Device Market Share Gains in Q4 and 2005 Drive 16% Annual Sales Growth and 20%
EPS Growth Nokia's Board of Directors Will Propose a Dividend of EUR 0.37 per
Share for 2005 (EUR 0.33 per Share for 2004)
HELSINKI, Finland, January 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- The complete press release with tables is available at: http://www.nokia.com/results2005Q4e.pdf


NOKIA Q4 and 2005 EUR million Q4 Q4 Change 2005 2004 Change /2005 /2004 (%) (*revised) (%) (*revised) Net sales 10 333 9 456 9 34 191 29 371 16 Mobile Phones 6 217 5 871 6 20 811 18 521 12 Multimedia 2 024 1 272 59 5 981 3 676 63 Enterprise 153 295 -48 861 839 3 Solutions Networks 1 951 2 031 -4 6 557 6 431 2 Operating profit 1 368 1 450 -6 4 639 4 326 7 Mobile Phones 1 060 1 107 -4 3 598 3 786 -5 Multimedia 310 168 85 836 175 Enterprise -136 -44 -258 -210 Solutions Networks 268 306 -12 855 884 -3 Common Group -134 -87 -392 -309 Expenses Operating margin 13.2 15.3 13.6 14.7 (%) Mobile Phones (%) 17.1 18.9 17.3 20.4 Multimedia (%) 15.3 13.2 14.0 4.8 Enterprise -88.9 -14.9 -30.0 -25.0 Solutions (%) Networks (%) 13.7 15.1 13.0 13.7 Financial income 78 116 -33 322 405 -20 and expenses Profit before tax 1 453 1 556 -7 4 971 4 705 6 and minority interests Net profit 1 073 1 083 -1 3 616 3 192 13 EPS, EUR Basic 0.25 0.24 4 0.83 0.69 20 Diluted 0.25 0.24 4 0.83 0.69 20
All reported Q4 and 2005 figures can be found in the tables on pages (10-13) and (19-23)
SPECIAL ITEMS
Fourth quarter 2005 special items
- EUR 29 million charge for Enterprise Solutions restructuring (impacting operating profit)
- EUR 48 million tax refund (included in taxes)
(Excluding the net impact of these special items, EPS remains EUR 0.25)
2005 special items
The following items had a net positive impact of EUR 80 million on operating profit:
- EUR 45 million gain for real estate sales, booked in the group common other income
- EUR 61 million gain related to the divestiture of Nokia's Tetra business (EUR 42 million included in Networks and EUR 19 million included in Multimedia)
- EUR 18 million gain related to the partial sale of a minority investment (included in Networks)
- EUR 15 million negative impact for restructuring in Multimedia
- EUR 29 million charge for Enterprise Solutions restructuring
Other special items include:
- EUR 57 million gain for the sale of the France Telecom bond (included in financial income)
- EUR 48 million tax refund (included in taxes)
Fourth quarter 2004 special items
The following items had a net negative impact of EUR 12 million on operating profit:
- EUR 50 million one time positive item representing the premium return under our multi-line, multi-year insurance program, which expired during 2004
- EUR 50 million research and development impairment in Networks
- EUR 12 million loss from the divestiture of Nextrom
Other special items include:
- EUR 35 million gain for the sale of the France Telecom Bond (included in financial income)
2004 special items
The following items had a net positive impact of EUR 33 million on operating profit:
- EUR 160 million positive items representing premium returns under our multi-line, multi-year insurance program, which expired during 2004
- EUR 115 million for R&D impairments in Networks
- EUR 12 million loss from the divestiture of Nextrom
Other special items include:
- EUR 106 million gain for the sale of the France Telecom bond (included in financial income)
* New IFRS Standards
International Financial Reporting Standards (IFRS) were subject to changes as of January 1, 2005. Nokia's financial accounts for the fourth quarter 2004 and full year 2004 now reflect the retrospective implementation of IFRS 2 and IAS 39R.
FOURTH QUARTER 2005 HIGHLIGHTS
- Mobile industry quarterly device volumes 244 million units, up 23% sequentially and 25% year on year
- Nokia (NYSE: NOK) quarterly device volumes 84 million units, up 26% sequentially and 27% year on year
- Nokia fourth quarter device market share 34%, up 1% sequentially and flat year on year
- Nokia clear #1 in Europe, Asia-Pacific, China, and Middle East & Africa
- Nokia bought back 121 million shares (315 million shares bought back in total in 2005)
JORMA OLLILA, CHAIRMAN AND CEO:
I am extremely pleased with Nokia's performance both during the fourth quarter and for the full year 2005. Our quarterly sales reached more than EUR 10 billion for the first time ever this quarter, and we achieved record breaking device volumes and healthy device market share gains during the full year. Nokia's sales grew 16% in 2005, the highest sales growth we have seen since 2000, while our EPS grew 20%.
For our industry, it was another year of strong growth in mobile device volumes. Nokia estimates that the global device market grew 24% in 2005, to 795 million units for the full year, with an estimated 2.2 billion mobile subscribers worldwide by year end.
Nokia's own mobile device volumes in 2005 increased 28%, reaching a record 265 million units. We also increased our full year global market share to an estimated 33%, driven by gains in China, Asia-Pacific, and Europe. At the same time we more than tripled our market share in WCDMA.
I am delighted with Mobile Phones overall performance. The business group's improved product portfolio and strong position in emerging markets contributed significantly to Nokia's growth and profitability in 2005. In our Multimedia business group, annual sales growth of 63% is a clear indication that our strategy to target new mobile communications market segments is working well.
During 2005, Nokia had operating cash flow of EUR 4.1 billion, and we returned a record EUR 5.8 billion in dividends and buybacks to our shareholders.
Once again, in the true Nokia way, our team has risen to the challenge and performed very well in an increasingly competitive market.
OLLI-PEKKA KALLASVUO, PRESIDENT AND COO:
The fourth quarter 2005 was a period of great achievement for Nokia in many important markets. Our sequential device volumes and market share were up significantly in the US, and we continued to be number one in Europe, Asia-Pacific, China, and Middle East & Africa. Much of this success can be attributed to enhancements in our product portfolio, which at the end of 2005 featured a broad range of devices in a variety of form factors at all price points.
We will continue our efforts towards our goal of improving the efficiency and effectiveness of our R&D activities. During the year we made progress towards our target of reducing R&D expenditure as a percentage of net sales, with our R&D costs in 2005 falling to 11.2% of net sales from 12.9% in 2004.
Our Networks business group's fourth quarter performance was strong, driven by good execution and high seasonal sales. During the year our Enterprise Solutions business group took steps to better address the corporate market, including the pending acquisition of Intellisync, a leader in platform-independent wireless messaging and mobile software.
INDUSTRY AND NOKIA OUTLOOK FOR THE FIRST QUARTER 2006
Nokia expects overall mobile device market volumes in the first quarter 2006 to reflect normal industry seasonality following a strong fourth quarter selling period. We expect our own share of the device market in the first quarter to be flat to slightly up sequentially, and up year on year. We also expect Nokia device average selling prices (ASPs) in the first quarter to be flat to slightly down sequentially, driven by a regional mix shift. Sales in our Networks business are expected to experience a seasonal decline in the first quarter, but be up year on year.
OUTLOOK FOR THE FULL YEAR 2006
Nokia expects the mobile device market volume to grow more than 10% in 2006, from our preliminary estimate of approximately 795 million units in 2005. We also expect the device industry to experience value growth in 2006, but expect some decline in industry ASPs, primarily reflecting the increasing impact of the emerging markets. Nokia expects moderate growth in the mobile infrastructure market in euro terms in 2006. Nokia's goal is to increase its market share both in mobile devices and the infrastructure market, in order to build on its industry leading position.
FOURTH QUARTER 2005 FINANCIAL HIGHLIGHTS
(Comparisons are given to the fourth quarter 2004 revised results, unless otherwise indicated.)
Nokia Group
Nokia's fourth quarter 2005 net sales increased 9% to EUR 10.3 billion, compared to EUR 9.5 billion in the fourth quarter 2004. At constant currency, group net sales would have been up 13% year on year.
Nokia's fourth quarter 2005 operating profit declined 6% to EUR 1.4 billion, compared to EUR 1.5 billion in the fourth quarter 2004. Operating profit in the fourth quarter 2005 included a EUR 29 million restructuring charge in Enterprise Solutions, and in the same period of 2004 included special items with a net negative impact of EUR 12 million. Nokia's fourth quarter 2005 operating margin was 13.2% (15.3%).
Operating cash flow for the fourth quarter 2005 was EUR 1.1 billion, compared to EUR 0.8 billion for the fourth quarter 2004.
Mobile devices
The combined mobile device volume of our Mobile Phones, Multimedia and Enterprise Solutions business groups for the fourth quarter 2005 was a record 84 million units, up 26% sequentially and 27% year on year. Overall industry volumes for the fourth quarter 2005 reached an estimated 244 million units, up 23% sequentially and 25% year on year.
In smartphones, according to Nokia estimates, the total industry volume reached approximately 15.5 million units for the fourth quarter 2005, compared to an estimated 8 million units in the fourth quarter 2004. Nokia's own smartphone volumes for the fourth quarter 2005 grew to 9.3 million units, compared to 5 million units in the fourth quarter 2004. Our share of the global WCDMA device market was up significantly sequentially and year on year, making Nokia the clear 3G market leader.
The following chart sets out, by geographic area, Nokia's regional mobile device volumes for the periods indicated, and provides year on year and sequential growth rates.


NOKIA MOBILE DEVICE VOLUME BY GEOGRAPHIC AREA YoY Change QoQ Change (million units) Q4 2005 Q4 2004 (%) Q3 2005 (%) Europe 29.9 24.3 23 22.3 34 Middle East & Africa 10.3 8.5 20 9.9 4 China 9.5 5.9 64 8.5 12 Asia-Pacific 14.8 10.4 42 12.6 18 North America 9.8 8.0 22 5.8 69 Latin America 9.4 9.0 4 7.5 26 Total 83.7 66.1 27 66.6 26
In North America, our strong volume growth in the fourth quarter 2005 reflected our strengthening position in both the CDMA and GSM markets with our improved product portfolio. The Nokia 6101 mid-range clamshell family, the Nokia 2115i CDMA phone, the Nokia 1100 and the Nokia 6010 all performed well in the fourth quarter.
Our strong fourth quarter 2005 volume growth in China, where new subscriptions continue to rise, was driven by Nokia's broad product portfolio and extensive distribution system. In Asia-Pacific, our volume growth reflected Nokia's leading position in the fast growing India market, the region's largest, driven by much the same competitive strengths as in China. The moderate sequential growth in our volumes in Middle East & Africa largely reflected the volatility and volume fluctuations of rapidly growing markets.
Nokia's estimated market share for the fourth quarter 2005 was 34%, up from 33% sequentially and flat year on year. Nokia gained market share both sequentially and year on year in the US, Asia-Pacific, and China, while our market share remained largely unchanged in Europe during the fourth quarter. In Middle East & Africa and Latin America our market share declined sequentially and year on year.
The average selling price of Nokia's mobile devices declined in the fourth quarter 2005 to EUR 99, compared to EUR 102 in the third quarter 2005 and EUR 111 in the fourth quarter 2004. The sequential decline in our ASPs was primarily driven by a mix shift in our volumes to markets where low end models predominate. The year on year decline in our ASPs is consistent with the industry trend, specifically the strong volume growth in emerging markets.
Mobile Phones: Fourth quarter 2005 net sales grew 6% to EUR 6.2 billion, compared to EUR 5.9 billion in the fourth quarter 2004. Sales growth continued to be strongest in China, followed by Asia-Pacific and North America. Sales declined in Latin America, where we continued to lose share in the largest markets, and sales declined to a lesser extent in Europe, and Middle East & Africa.
Mobile Phones fourth quarter 2005 operating profit decreased 4% year on year to EUR 1 060 million, compared to EUR 1 107 million in the fourth quarter 2004, with an operating margin of 17.1% (18.9%). This was largely driven by the decline in ASPs.
Multimedia: Fourth quarter 2005 net sales grew 59% to EUR 2 024 million, compared to EUR 1 272 million in the fourth quarter 2004. Multimedia continued to benefit from high demand for Nokia's multimedia computers, with sales growth strongest in Europe, followed by China, Asia-Pacific, and Middle East & Africa. Multimedia fourth quarter sales in the Americas continued at a low level.
Multimedia fourth quarter 2005 operating profit grew 85% to EUR 310 million, compared to EUR 168 million in the fourth quarter 2004, with an operating margin of 15.3% (13.2%). Operating profit in the fourth quarter 2005 was affected by Nokia Nseries marketing expenditure.
Enterprise Solutions: Fourth quarter 2005 net sales decreased 48% to EUR 153 million, compared to strong sales of EUR 295 million in the fourth quarter 2004. Device sales in the fourth quarter 2005 were impacted by the delayed operator acceptance of the Nokia 9300 enterprise smartphone in the US, as well as by declining demand for our messenger product portfolio, which resulted in lower sales in all major markets. In addition, our sales of firewalls in the US, the main market for these products, were down year on year in the fourth quarter 2005, consistent with an overall decline in the size of this market segment during the year.
In the fourth quarter 2005, Enterprise Solutions had an operating loss of EUR 136 million, compared to an operating loss of EUR 44 million in the fourth quarter 2004. This was a result of lower device sales and a EUR 29 million restructuring charge primarily related to headcount reductions.
Networks: Fourth quarter 2005 net sales decreased 4% to EUR 1 951 million, compared to the exceptionally high sales, with a favorable product mix, of EUR 2 031 million in the fourth quarter 2004. Strong sales growth in Latin America was more than offset by sales declines in North America and China, while sales in Europe, Middle East & Africa, and Asia-Pacific were virtually unchanged.
Networks fourth quarter 2005 operating profit declined 12% to EUR 268 million, compared to EUR 306 million in the fourth quarter 2004 (including the negative impact of a EUR 50 million R&D impairment), with an operating margin of 13.7% (15.1%). The decline in profitability was primarily due to the lower margin services business and emerging markets representing an increased share of Networks sales.
FOURTH QUARTER 2005 OPERATING HIGHLIGHTS
Mobile Phones
- Mobile Phones strengthened its GSM, 3G and CDMA mobile device lineups with the unveiling of 12 new models and first shipments of 12 previously launched models.
- Three of the newly launched devices, the Nokia 7380, Nokia 7370 and Nokia 7360, are fashion category GSM phones that together comprise Nokia's L'Amour Collection.
- Our 3G portfolio was strengthened with the launch of three mid-range devices, the Nokia 6233, the Nokia 6234 exclusively for Vodafone, and the Nokia 6282 for the Americas.
- We increased our CDMA range with the first shipments of seven previously announced models and the launch of six new models in the entry level and mid range.
- We opened the first Nokia Flagship Store, in Moscow, marking the launch of a new retail concept from Nokia.
Multimedia
- We launched three new Nokia Nseries multimedia computers: the Nokia N71, the Nokia N80 and the Nokia N92.
- Sales of the previously launched Nokia Nseries multimedia computers exceeded 1.5 million units in the fourth quarter.
- The new Nokia 770 Internet Tablet began shipping.
- We launched the Nokia Mobile Broadcast Solution 3.0, which supports the broadcasting of digital content, such as live TV, over DVB-H networks to mobile devices.
- Mobile TV trials in France and Spain were announced.
Enterprise Solutions
- Our device portfolio was enhanced with the launch of the Nokia E60, Nokia E61 and Nokia E70, the first devices in our new business focused Nokia Eseries.
- We launched the Nokia 9300i enterprise smartphone, which features WLAN connectivity, a full keyboard, a 65 536 color screen, and support for a broad range of enterprise email solutions.
- We entered the mobile software market with first shipments of the Nokia Business Center, a new solution that delivers business applications and mobile email for smartphones and business optimized mobile devices.
- Nokia announced a definitive agreement to acquire Intellisync, a leader in platform-independent wireless messaging and mobile software.
Networks
- We announced a number of GSM network expansion deals, including a USD 141 million contract with Bharat Sanchar Nigam Limited (BSNL) in India, and a major deal with Indonesia's Indosat.
- In HSDPA, we successfully tested calls on some of T-Mobile's live networks and performed a high speed call at Nokia facilities in Beijing, China.
- We announced a joint venture with China Putian to focus on R&D, as well as manufacturing and sales of 3G network solutions for TD-SCDMA and WCDMA technologies.
- We launched the highly innovative Flexi WCDMA Base Station, which can deliver operators site cost savings of up to 70 percent.
- We also launched new Core and Services solutions, including our Open Mobile Alliance (OMA) compliant Push to talk over Cellular (PoC) solution.
Technology developments
- We launched a new Internet portal for Nokia's open source software projects, a new Web browser for the S60 3rd Edition, and the Carbide developer tool family for the Symbian operating system.
- Forum Nokia launched a specific Symbian Zone program to support companies developing applications for Symbian-based smartphones, including devices running on S60.
- In the field of fixed-mobile convergence, Nokia completed voice and data calls with Unlicensed Mobile Access (UMA) technology, and launched the Nokia VoIP Server for IP voice service in fixed and mobile networks.
NOKIA IN 2005
Nokia Group
For 2005, Nokia's net sales increased 16% to EUR 34.2 billion, compared to EUR 29.4 billion in 2004. At constant currency, group net sales would have grown 20% in 2005. Nokia's gross margin in 2005 was 35.0%, compared to 38.1% in 2004. This reflected the higher proportion of entry level devices in our product mix in 2005 due to strong volume growth in emerging markets, which have the industry's lowest ASPs. Our gross margin in 2005 was also affected by intense price competition in both the device and infrastructure markets, as well as by the lower margin services business and emerging markets representing an increased share of Networks sales.
In 2005, our sales and marketing expenses were EUR 3.0 billion, up 15% from EUR 2.6 billion in 2004. Sales and marketing expenses were equal to 8.7% of net sales in both 2005 and 2004. Research and development expenses were EUR 3.8 billion in both 2005 and 2004. Research and development costs represented 11.2% of net sales in 2005, down from 12.9% in 2004. Administrative and general expenses were EUR 0.6 billion in both 2005 and 2004. Administrative and general expenses were equal to 1.8% of net sales in 2005 and 2.1% in 2004.
Nokia's operating profit for 2005 increased 7% to EUR 4.6 billion (including net positive special items of EUR 80 million), compared to EUR 4.3 billion in 2004 (including net positive special items of EUR 33 million). A substantial increase in Multimedia's operating profit in 2005 more than offset operating profit declines in the other business groups. Nokia's operating margin was 13.6% in 2005, compared to 14.7% in 2004.
Mobile devices
In our Mobile Phones, Multimedia and Enterprise Solutions business groups, combined mobile device volumes were up 28% in 2005, compared to 2004, reaching 265 million units - a new annual volume record for Nokia. Market volume for the same period was estimated at 795 million units, an increase of 24%. Based on our preliminary market estimate, Nokia's market share grew to 33% in 2005, compared to 32% in 2004.
In smartphones, according to Nokia estimates, the total industry volume reached approximately 46.3 million units in 2005, compared to an estimated 20.6 million units in 2004. Nokia's own smartphone volumes in 2005 grew to 28.5 million units, compared to 11.8 million units in 2004. Nokia shipped more than 40 million mobile devices with an integrated music player in 2005.
During 2005, our device volumes in China, Asia-Pacific and Europe exceeded the market volume growth in those geographical areas. In China, Nokia accelerated its market share gains from 2004 as our product portfolio, extensive distribution system, quality and brand drove volumes. We gained market share in Asia-Pacific as a result of the rapid development of the India market and our strong position in that country, driven by much the same competitive strengths as in China. In Europe, our market share was strengthened by our improved product portfolio and sales of our 3G/WCDMA devices.
In Middle East & Africa, our volume growth was somewhat below regional industry volume growth, resulting in a loss of share, while the overall high growth of the area and Nokia's strong market position positively contributed to our global volume growth. In Latin America, Nokia's mobile device volumes grew, although much less than the overall market, resulting in a substantial market share loss in 2005. This reflected the challenging competitive environment in the area's major markets, where operators migrated from TDMA technology, historically a strong market for us, to GSM and CDMA technologies, where our product portfolio was not viewed as sufficiently competitive.
In North America, conditions remained difficult. Consumer preference for clamshell type phones, which we did not have sufficiently in the portfolio for the mid price point in the early part of the year, and our weak market position in CDMA technology, resulted in our volumes and market share declining compared to 2004. However, we closed the year with sequential and year on year market share gains in the fourth quarter, thanks to improvements in our clamshell and CDMA product offerings.
Nokia's device ASP in 2005 was EUR 103, declining 6% from EUR 110 in 2004. This decline is consistent with the industry trend and reflected our strong volume growth and market position in emerging markets, which have the industry's lowest ASPs.
Mobile Phones
In the Mobile Phones business group, 2005 net sales increased 12% to EUR 20.8 billion, compared to EUR 18.5 billion in 2004. At constant currency, Mobile Phones net sales would have increased 15% in 2005. Sales growth was strongest in China, followed by Asia-Pacific, Europe, and Middle East & Africa. Full year sales declined in North America and to a lesser extent in Latin America.
Net sales in 2005 increased as a result of strong demand for the Nokia 6230 mid range family, including the Nokia 6230i (Nokia's highest revenue generating phone in 2005), the entry level Nokia 1100 family and the Nokia 2600.
Mobile Phones operating profit in 2005 decreased 5% to EUR 3.6 billion, compared to EUR 3.8 billion in 2004. The business group's operating margin was 17.3% (20.4%). This decline reflected a higher proportion of sales of lower priced entry level phones, driven by strong demand in emerging markets where our share is high.
Multimedia
In the Multimedia business group, 2005 net sales increased 63% to EUR 6.0 billion, compared to EUR 3.7 billion in 2004. At constant currency, Multimedia net sales would have increased 69% in 2005. Strong sales were supported by high demand for 3G/WCDMA devices such as the Nokia 6680 and the Nokia 6630, as well as the Nokia N70 towards the end of the year. Sales growth was highest in Middle East & Africa, Europe and China, as well as in Asia-Pacific. Multimedia sales in the Americas continued at a low level.
Multimedia's operating profit for 2005 was EUR 836 million (including net positive special items of EUR 4 million), compared to EUR 175 million in 2004. The business group's operating margin was 14.0% (4.8%). Operating profit was affected by significant expenditure to launch and market the Nokia Nseries sub-brand.
Enterprise Solutions
In the Enterprise Solutions business group, 2005 net sales increased 3% to EUR 861 million, compared to EUR 839 million in 2004. Net sales in 2005 were negatively impacted by the significantly lower sales in the fourth quarter.
Enterprise Solutions operating loss increased 23% to EUR 258 million (including a EUR 29 million restructuring charge), compared to a loss of EUR 210 million in 2004.
Networks
In the Networks business group, 2005 net sales increased 2% to EUR 6.6 billion, compared to EUR 6.4 billion in 2004. At constant currency, Networks net sales would have grown 6% in 2005. Strong sales growth in Latin America and Asia-Pacific was offset by sales declines in China and North America, while sales in Europe remained virtually unchanged.
Networks operating profit for 2005 was EUR 855 million (including net positive special items of EUR 60 million), compared to EUR 884 million in 2004 (including net negative special items of EUR 115 million). The business group's operating margin for 2005 was 13.0% (13.7%). The decline in Networks profitability was primarily due to investments in the growing network services market, which generally has lower gross margins than equipment sales, as well as intense price pressure and our ongoing push into markets where historically we have not had a presence.
Capital structure
Operating cash flow for the year ended December 31, 2005 was EUR 4.1 billion (EUR 4.3 billion in 2004) and total combined cash and other liquid assets were EUR 9.9 billion (EUR 11.5 billion in 2004). As of December 31, 2005, our net debt-to-equity ratio (gearing) was -77% (-79% as of December 31, 2004).
NOKIA IN OCTOBER TO DECEMBER 2005
(International Financial Reporting Standards (IFRS) comparisons given to the fourth quarter 2004 revised results, unless otherwise indicated.)
Nokia's net sales increased 9% to EUR 10 333 million (EUR 9 456 million). Sales of Mobile Phones increased by 6% to EUR 6 217 million (EUR 5 871 million). Sales of Multimedia increased by 59% to EUR 2 024 million (EUR 1 272 million). Sales of Enterprise Solutions decreased by 48% to EUR 153 million (EUR 295 million). Sales of Networks decreased by 4% to EUR 1 951 million (EUR 2 031 million).
Operating profit decreased to EUR 1 368 million (EUR 1 450 million), representing an operating margin of 13.2% (15.3%). Operating profit in Mobile Phones decreased 4% to EUR 1 060 million (EUR 1 107 million), representing an operating margin of 17.1% (18.9%). Multimedia reported an operating profit of EUR 310 million (EUR 168 million), representing an operating margin of 15.3% (13.2%). Enterprise Solutions reported an operating loss of EUR 136 million (operating loss of EUR 44 million). Operating profit in Networks decreased 12% to EUR 268 million (EUR 306 million), representing an operating margin of 13.7% (15.1%). Common Group expenses totaled EUR 134 million (EUR 87 million).
Financial income was EUR 78 million (EUR 116 million). Profit before tax and minority interests was EUR 1 453 million (EUR 1 556 million). Net profit totaled EUR 1 073 million (EUR 1 083 million). Earnings per share increased to EUR 0.25 (basic) and to EUR 0.25 (diluted), compared to EUR 0.24 (basic) and EUR 0.24 (diluted) in the fourth quarter 2004.
PERSONNEL
The average number of employees during January - December 2005 was 56 896. At December 31, 2005, Nokia employed a total of 58 874 people (55 505 people at December 31, 2004).
SHARE CAPITAL DEVELOPMENT
Nokia repurchased through its share repurchase plan a total of 120 600 000 shares on the Helsinki Stock Exchange at an aggregate price of EUR 1 764 488 359 during the period from October 21, 2005 to December 23, 2005. The price paid was based on the market price at the time of repurchase. The shares were repurchased to be used for the purposes specified in the authorization held by the Board. The aggregate par value of the shares purchased was EUR 7 236 000, representing approximately 2.72% of the share capital of the company and of the total voting rights. These new holdings did not have any significant effect on the relative holdings of the other shareholders of the company nor on their voting power.
On December 31, 2005, Nokia and its subsidiary companies owned 261 511 283 Nokia shares. The shares had an aggregate par value of EUR 15 690 676.98, representing approximately 5.9% of the share capital of the company and the total voting rights. The total number of shares at December 31, 2005 was 4 433 886 540. On December 31, 2005, Nokia's share capital was EUR 266 033 192.40.
It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product and solution deliveries; B) our ability to develop, implement and commercialize new products, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations regarding our mobile device volume growth, market share and prices, E) expectations and targets for our results of operations; F) the outcome of pending and threatened litigation; and G) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "designed" or similar expressions are forward-looking statements. Because these statements involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) the extent of the growth of the mobile communications industry and the new market segments in which we have recently invested; 2) price erosion and cost management; 3) timing and success of the introduction and roll-out of new products and solutions; 4) competitiveness of our product portfolio; 5) our failure to identify key market trends and to respond timely and successfully to the needs of our customers; 6) the impact of changes in technology and the success of our product and solution development; 7) the intensity of competition in the mobility industry and changes in the competitive landscape; 8) our ability to control the variety of factors affecting our ability to reach our targets and give accurate forecasts; 9) the availability of new products and services by network operators and other market participants; 10) general economic conditions globally and in our most important markets; 11) our success in maintaining efficient manufacturing and logistics as well as the high quality of our products and solutions; 12) inventory management risks and ramping up or down production at our facilities, which result from shifts in market demand; 13) our ability to source quality components without interruption and at acceptable prices; 14) our success in collaboration arrangements relating to technologies, software or new products and solutions; 15) the success, financial condition, and performance of our collaboration partners, suppliers and customers; 16) any disruption to information technology systems and networks that our operations rely on; 17) our ability to have access to the complex technology involving patents and other intellectual property rights included in our products and solutions at commercially acceptable terms and without infringing any protected intellectual property rights; 18) our ability to recruit, retain and develop appropriately skilled employees; 19) developments under large, multi-year contracts or in relation to major customers; 20) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the UK pound sterling and the Japanese yen; 21) the management of our customer financing exposure; and 22) the impact of changes in government policies, laws or regulations; as well as 23) the risk factors specified on pages 12-22 of the company's Form 20-F for the year ended December 31, 2004 under "Item 3.D Risk Factors."
www.nokia.com
- Nokia plans to report Q1, Q2 and Q3 2006 results on April 20, July 20 and October 19, 2006 respectively.
- The Annual General Meeting will be held on March 30, 2006.
SOURCE Nokia


CONTACT: Media and Investor Contacts: Corporate Communications, tel. +358-7180-34495 or +358-7180-34900; Investor Relations Europe, tel. +358-7180-34289; Investor Relations US, tel. +1-914-368-0555URL: http://www.prnewswire.comwww.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
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KEYWORD: FinlandINDUSTRY KEYWORD: CSE TLSSUBJECT CODE: ERN


PRESS RELEASE: Nokia Reports Fourth Quarter 2005 -2-
The combined mobile device volume of our Mobile Phones, Multimedia and Enterprise Solutions business groups for the fourth quarter 2005 was a record 84 million units, up 26% sequentially and 27% year on year. Overall industry volumes for the fourth quarter 2005 reached an estimated 244 million units, up 23% sequentially and 25% year on year.

In smartphones, according to Nokia estimates, the total industry volume reached approximately 15.5 million units for the fourth quarter 2005, compared to an estimated 8 million units in the fourth quarter 2004. Nokia's own smartphone volumes for the fourth quarter 2005 grew to 9.3 million units, compared to 5 million units in the fourth quarter 2004. Our share of the global WCDMA device market was up significantly sequentially and year on year, making Nokia the clear 3G market leader.

The following chart sets out, by geographic area, Nokia's regional mobile device volumes for the periods indicated, and provides year on year and sequential growth rates.
NOKIA MOBILE DEVICE VOLUME BY GEOGRAPHIC AREA YoY Change QoQ Change (million units) Q4 2005 Q4 2004 (%) Q3 2005 (%) Europe 29.9 24.3 23 22.3 34 Middle East & Africa 10.3 8.5 20 9.9 4 China 9.5 5.9 64 8.5 12 Asia-Pacific 14.8 10.4 42 12.6 18 North America 9.8 8.0 22 5.8 69 Latin America 9.4 9.0 4 7.5 26 Total 83.7 66.1 27 66.6 26
In North America, our strong volume growth in the fourth quarter 2005 reflected our strengthening position in both the CDMA and GSM markets with our improved product portfolio. The Nokia 6101 mid-range clamshell family, the Nokia 2115i CDMA phone, the Nokia 1100 and the Nokia 6010 all performed well in the fourth quarter.

Our strong fourth quarter 2005 volume growth in China, where new subscriptions continue to rise, was driven by Nokia's broad product portfolio and extensive distribution system. In Asia-Pacific, our volume growth reflected Nokia's leading position in the fast growing India market, the region's largest, driven by much the same competitive strengths as in China. The moderate sequential growth in our volumes in Middle East & Africa largely reflected the volatility and volume fluctuations of rapidly growing markets.

Nokia's estimated market share for the fourth quarter 2005 was 34%, up from 33% sequentially and flat year on year. Nokia gained market share both sequentially and year on year in the US, Asia-Pacific, and China, while our market share remained largely unchanged in Europe during the fourth quarter. In Middle East & Africa and Latin America our market share declined sequentially and year on year.

The average selling price of Nokia's mobile devices declined in the fourth quarter 2005 to EUR 99, compared to EUR 102 in the third quarter 2005 and EUR 111 in the fourth quarter 2004. The sequential decline in our ASPs was primarily driven by a mix shift in our volumes to markets where low end models predominate. The year on year decline in our ASPs is consistent with the industry trend, specifically the strong volume growth in emerging markets.

Mobile Phones: Fourth quarter 2005 net sales grew 6% to EUR 6.2 billion, compared to EUR 5.9 billion in the fourth quarter 2004. Sales growth continued to be strongest in China, followed by Asia-Pacific and North America. Sales declined in Latin America, where we continued to lose share in the largest markets, and sales declined to a lesser extent in Europe, and Middle East & Africa.

Mobile Phones fourth quarter 2005 operating profit decreased 4% year on year to EUR 1 060 million, compared to EUR 1 107 million in the fourth quarter 2004, with an operating margin of 17.1% (18.9%). This was largely driven by the decline in ASPs.

Multimedia: Fourth quarter 2005 net sales grew 59% to EUR 2 024 million, compared to EUR 1 272 million in the fourth quarter 2004. Multimedia continued to benefit from high demand for Nokia's multimedia computers, with sales growth strongest in Europe, followed by China, Asia-Pacific, and Middle East & Africa. Multimedia fourth quarter sales in the Americas continued at a low level.

Multimedia fourth quarter 2005 operating profit grew 85% to EUR 310 million, compared to EUR 168 million in the fourth quarter 2004, with an operating margin of 15.3% (13.2%). Operating profit in the fourth quarter 2005 was affected by Nokia Nseries marketing expenditure.

Enterprise Solutions: Fourth quarter 2005 net sales decreased 48% to EUR 153 million, compared to strong sales of EUR 295 million in the fourth quarter 2004. Device sales in the fourth quarter 2005 were impacted by the delayed operator acceptance of the Nokia 9300 enterprise smartphone in the US, as well as by declining demand for our messenger product portfolio, which resulted in lower sales in all major markets. In addition, our sales of firewalls in the US, the main market for these products, were down year on year in the fourth quarter 2005, consistent with an overall decline in the size of this market segment during the year.

In the fourth quarter 2005, Enterprise Solutions had an operating loss of EUR 136 million, compared to an operating loss of EUR 44 million in the fourth quarter 2004. This was a result of lower device sales and a EUR 29 million restructuring charge primarily related to headcount reductions.

Networks: Fourth quarter 2005 net sales decreased 4% to EUR 1 951 million, compared to the exceptionally high sales, with a favorable product mix, of EUR 2 031 million in the fourth quarter 2004. Strong sales growth in Latin America was more than offset by sales declines in North America and China, while sales in Europe, Middle East & Africa, and Asia-Pacific were virtually unchanged.

Networks fourth quarter 2005 operating profit declined 12% to EUR 268 million, compared to EUR 306 million in the fourth quarter 2004 (including the negative impact of a EUR 50 million R&D impairment), with an operating margin of 13.7% (15.1%). The decline in profitability was primarily due to the lower margin services business and emerging markets representing an increased share of Networks sales.
FOURTH QUARTER 2005 OPERATING HIGHLIGHTS Mobile Phones
- Mobile Phones strengthened its GSM, 3G and CDMA mobile device lineups with the unveiling of 12 new models and first shipments of 12 previously launched models.

- Three of the newly launched devices, the Nokia 7380, Nokia 7370 and Nokia 7360, are fashion category GSM phones that together comprise Nokia's L'Amour Collection.

- Our 3G portfolio was strengthened with the launch of three mid-range devices, the Nokia 6233, the Nokia 6234 exclusively for Vodafone, and the Nokia 6282 for the Americas.

- We increased our CDMA range with the first shipments of seven previously announced models and the launch of six new models in the entry level and mid range.

- We opened the first Nokia Flagship Store, in Moscow, marking the launch of a new retail concept from Nokia.
Multimedia
- We launched three new Nokia Nseries multimedia computers: the Nokia N71, the Nokia N80 and the Nokia N92.

- Sales of the previously launched Nokia Nseries multimedia computers exceeded 1.5 million units in the fourth quarter.
- The new Nokia 770 Internet Tablet began shipping.
- We launched the Nokia Mobile Broadcast Solution 3.0, which supports the broadcasting of digital content, such as live TV, over DVB-H networks to mobile devices.
- Mobile TV trials in France and Spain were announced. Enterprise Solutions
- Our device portfolio was enhanced with the launch of the Nokia E60, Nokia E61 and Nokia E70, the first devices in our new business focused Nokia Eseries.

- We launched the Nokia 9300i enterprise smartphone, which features WLAN connectivity, a full keyboard, a 65 536 color screen, and support for a broad range of enterprise email solutions.

- We entered the mobile software market with first shipments of the Nokia Business Center, a new solution that delivers business applications and mobile email for smartphones and business optimized mobile devices.

- Nokia announced a definitive agreement to acquire Intellisync, a leader in platform-independent wireless messaging and mobile software.
Networks
- We announced a number of GSM network expansion deals, including a USD 141 million contract with Bharat Sanchar Nigam Limited (BSNL) in India, and a major deal with Indonesia's Indosat.

- In HSDPA, we successfully tested calls on some of T-Mobile's live networks and performed a high speed call at Nokia facilities in Beijing, China.

- We announced a joint venture with China Putian to focus on R&D, as well as manufacturing and sales of 3G network solutions for TD-SCDMA and WCDMA technologies.

- We launched the highly innovative Flexi WCDMA Base Station, which can deliver operators site cost savings of up to 70 percent.

- We also launched new Core and Services solutions, including our Open Mobile Alliance (OMA) compliant Push to talk over Cellular (PoC) solution.
Technology developments
- We launched a new Internet portal for Nokia's open source software projects, a new Web browser for the S60 3rd Edition, and the Carbide developer tool family for the Symbian operating system.

- Forum Nokia launched a specific Symbian Zone program to support companies developing applications for Symbian-based smartphones, including devices running on S60.

- In the field of fixed-mobile convergence, Nokia completed voice and data calls with Unlicensed Mobile Access (UMA) technology, and launched the Nokia VoIP Server for IP voice service in fixed and mobile networks.
NOKIA IN 2005 Nokia Group
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01-26-06 0534ET


PRESS RELEASE: Nokia Reports Fourth Quarter 2005 -3-
For 2005, Nokia's net sales increased 16% to EUR 34.2 billion, compared to EUR 29.4 billion in 2004. At constant currency, group net sales would have grown 20% in 2005. Nokia's gross margin in 2005 was 35.0%, compared to 38.1% in 2004. This reflected the higher proportion of entry level devices in our product mix in 2005 due to strong volume growth in emerging markets, which have the industry's lowest ASPs. Our gross margin in 2005 was also affected by intense price competition in both the device and infrastructure markets, as well as by the lower margin services business and emerging markets representing an increased share of Networks sales.

In 2005, our sales and marketing expenses were EUR 3.0 billion, up 15% from EUR 2.6 billion in 2004. Sales and marketing expenses were equal to 8.7% of net sales in both 2005 and 2004. Research and development expenses were EUR 3.8 billion in both 2005 and 2004. Research and development costs represented 11.2% of net sales in 2005, down from 12.9% in 2004. Administrative and general expenses were EUR 0.6 billion in both 2005 and 2004. Administrative and general expenses were equal to 1.8% of net sales in 2005 and 2.1% in 2004.

Nokia's operating profit for 2005 increased 7% to EUR 4.6 billion (including net positive special items of EUR 80 million), compared to EUR 4.3 billion in 2004 (including net positive special items of EUR 33 million). A substantial increase in Multimedia's operating profit in 2005 more than offset operating profit declines in the other business groups. Nokia's operating margin was 13.6% in 2005, compared to 14.7% in 2004.
Mobile devices
In our Mobile Phones, Multimedia and Enterprise Solutions business groups, combined mobile device volumes were up 28% in 2005, compared to 2004, reaching 265 million units - a new annual volume record for Nokia. Market volume for the same period was estimated at 795 million units, an increase of 24%. Based on our preliminary market estimate, Nokia's market share grew to 33% in 2005, compared to 32% in 2004.

In smartphones, according to Nokia estimates, the total industry volume reached approximately 46.3 million units in 2005, compared to an estimated 20.6 million units in 2004. Nokia's own smartphone volumes in 2005 grew to 28.5 million units, compared to 11.8 million units in 2004. Nokia shipped more than 40 million mobile devices with an integrated music player in 2005.

During 2005, our device volumes in China, Asia-Pacific and Europe exceeded the market volume growth in those geographical areas. In China, Nokia accelerated its market share gains from 2004 as our product portfolio, extensive distribution system, quality and brand drove volumes. We gained market share in Asia-Pacific as a result of the rapid development of the India market and our strong position in that country, driven by much the same competitive strengths as in China. In Europe, our market share was strengthened by our improved product portfolio and sales of our 3G/WCDMA devices.

In Middle East & Africa, our volume growth was somewhat below regional industry volume growth, resulting in a loss of share, while the overall high growth of the area and Nokia's strong market position positively contributed to our global volume growth. In Latin America, Nokia's mobile device volumes grew, although much less than the overall market, resulting in a substantial market share loss in 2005. This reflected the challenging competitive environment in the area's major markets, where operators migrated from TDMA technology, historically a strong market for us, to GSM and CDMA technologies, where our product portfolio was not viewed as sufficiently competitive.

In North America, conditions remained difficult. Consumer preference for clamshell type phones, which we did not have sufficiently in the portfolio for the mid price point in the early part of the year, and our weak market position in CDMA technology, resulted in our volumes and market share declining compared to 2004. However, we closed the year with sequential and year on year market share gains in the fourth quarter, thanks to improvements in our clamshell and CDMA product offerings.

Nokia's device ASP in 2005 was EUR 103, declining 6% from EUR 110 in 2004. This decline is consistent with the industry trend and reflected our strong volume growth and market position in emerging markets, which have the industry's lowest ASPs.
Mobile Phones
In the Mobile Phones business group, 2005 net sales increased 12% to EUR 20.8 billion, compared to EUR 18.5 billion in 2004. At constant currency, Mobile Phones net sales would have increased 15% in 2005. Sales growth was strongest in China, followed by Asia-Pacific, Europe, and Middle East & Africa. Full year sales declined in North America and to a lesser extent in Latin America.

Net sales in 2005 increased as a result of strong demand for the Nokia 6230 mid range family, including the Nokia 6230i (Nokia's highest revenue generating phone in 2005), the entry level Nokia 1100 family and the Nokia 2600.

Mobile Phones operating profit in 2005 decreased 5% to EUR 3.6 billion, compared to EUR 3.8 billion in 2004. The business group's operating margin was 17.3% (20.4%). This decline reflected a higher proportion of sales of lower priced entry level phones, driven by strong demand in emerging markets where our share is high.
Multimedia
In the Multimedia business group, 2005 net sales increased 63% to EUR 6.0 billion, compared to EUR 3.7 billion in 2004. At constant currency, Multimedia net sales would have increased 69% in 2005. Strong sales were supported by high demand for 3G/WCDMA devices such as the Nokia 6680 and the Nokia 6630, as well as the Nokia N70 towards the end of the year. Sales growth was highest in Middle East & Africa, Europe and China, as well as in Asia-Pacific. Multimedia sales in the Americas continued at a low level.

Multimedia's operating profit for 2005 was EUR 836 million (including net positive special items of EUR 4 million), compared to EUR 175 million in 2004. The business group's operating margin was 14.0% (4.8%). Operating profit was affected by significant expenditure to launch and market the Nokia Nseries sub-brand.
Enterprise Solutions
In the Enterprise Solutions business group, 2005 net sales increased 3% to EUR 861 million, compared to EUR 839 million in 2004. Net sales in 2005 were negatively impacted by the significantly lower sales in the fourth quarter.

Enterprise Solutions operating loss increased 23% to EUR 258 million (including a EUR 29 million restructuring charge), compared to a loss of EUR 210 million in 2004.
Networks
In the Networks business group, 2005 net sales increased 2% to EUR 6.6 billion, compared to EUR 6.4 billion in 2004. At constant currency, Networks net sales would have grown 6% in 2005. Strong sales growth in Latin America and Asia-Pacific was offset by sales declines in China and North America, while sales in Europe remained virtually unchanged.

Networks operating profit for 2005 was EUR 855 million (including net positive special items of EUR 60 million), compared to EUR 884 million in 2004 (including net negative special items of EUR 115 million). The business group's operating margin for 2005 was 13.0% (13.7%). The decline in Networks profitability was primarily due to investments in the growing network services market, which generally has lower gross margins than equipment sales, as well as intense price pressure and our ongoing push into markets where historically we have not had a presence.
Capital structure
Operating cash flow for the year ended December 31, 2005 was EUR 4.1 billion (EUR 4.3 billion in 2004) and total combined cash and other liquid assets were EUR 9.9 billion (EUR 11.5 billion in 2004). As of December 31, 2005, our net debt-to-equity ratio (gearing) was -77% (-79% as of December 31, 2004).
NOKIA IN OCTOBER TO DECEMBER 2005
(International Financial Reporting Standards (IFRS) comparisons given to the fourth quarter 2004 revised results, unless otherwise indicated.)

Nokia's net sales increased 9% to EUR 10 333 million (EUR 9 456 million). Sales of Mobile Phones increased by 6% to EUR 6 217 million (EUR 5 871 million). Sales of Multimedia increased by 59% to EUR 2 024 million (EUR 1 272 million). Sales of Enterprise Solutions decreased by 48% to EUR 153 million (EUR 295 million). Sales of Networks decreased by 4% to EUR 1 951 million (EUR 2 031 million).

Operating profit decreased to EUR 1 368 million (EUR 1 450 million), representing an operating margin of 13.2% (15.3%). Operating profit in Mobile Phones decreased 4% to EUR 1 060 million (EUR 1 107 million), representing an operating margin of 17.1% (18.9%). Multimedia reported an operating profit of EUR 310 million (EUR 168 million), representing an operating margin of 15.3% (13.2%). Enterprise Solutions reported an operating loss of EUR 136 million (operating loss of EUR 44 million). Operating profit in Networks decreased 12% to EUR 268 million (EUR 306 million), representing an operating margin of 13.7% (15.1%). Common Group expenses totaled EUR 134 million (EUR 87 million).

Financial income was EUR 78 million (EUR 116 million). Profit before tax and minority interests was EUR 1 453 million (EUR 1 556 million). Net profit totaled EUR 1 073 million (EUR 1 083 million). Earnings per share increased to EUR 0.25 (basic) and to EUR 0.25 (diluted), compared to EUR 0.24 (basic) and EUR 0.24 (diluted) in the fourth quarter 2004.
PERSONNEL
The average number of employees during January - December 2005 was 56 896. At December 31, 2005, Nokia employed a total of 58 874 people (55 505 people at December 31, 2004).
SHARE CAPITAL DEVELOPMENT
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01-26-06 0534ET

UMTS and HSDPA calls completed in the 900 MHz band
Jan 25, 2006 (TELECOMWORLDWIRE via COMTEX) -- UMTS and HSDPA calls have been completed in the 900 MHz band by Nortel, a communications company, Qualcomm, a provider of 3G chipset and software technology and mobile operator Orange.
The calls used Orange's 900 MHz spectrum, Nortel's commercial infrastructure technologies and mobile handsets based on the Mobile Station Modem MSM6280 chipset solution from Qualcomm. The three companies claimed the category 6 HSDPA calls reached 3.6Mb/s data rate using the 16 QAM Modulation.
W-CDMA in the 900 MHz band reportedly achieves a 60% reduction in the number of cell sites needed to serve rural areas and is considered a cost-effective method of providing high-speed wireless coverage. It also improves in-building penetration by 25%, helping to boost Quality of Service (QoS) in urban areas.
Orange said UMTS in the 900 MHz band provides a complementary solution for existing 3G services, which will allow the operator to offer high-speed wireless Internet in France, in both urban and rural areas.
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
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Interdigital wins Korea dealThe King of Prussia firm will get $285 million in cell-phone royalties.By Todd MasonInquirer Staff WriterShares in a King of Prussia wireless-technology company surged yesterday after the company said it had signed a $285 million licensing deal with LG Electronics Inc., of Seoul, South Korea, staking a royalty claim to a new generation of cell phones.
Shares of the company, Interdigital Communications Corp., shot up $6.33, or 34 percent, to $24.94 yesterday on the Nasdaq National Market.
The company holds patents on wireless technology that figure in so-called third-generation, or 3G, cellular phones, which feature fast Internet connections.
The worldwide agreement with LG Electronics, a leading global manufacturer of cell phones, grants patent rights for current and third-generation phones, said Janet Point, an Interdigital spokeswoman. It calls for annual payments of $95 million through 2008.
Amit Kapur Jr., an analyst at Piper Jaffray & Co., called the licensing deal "a breakthrough for Interdigital that legitimizes its 3G patent portfolio."
Meanwhile, First Albany Capital Inc. raised its recommendation on the stock yesterday to "strong buy."
Earlier, 3G royalty agreements with NEC Electronics Corp. and Sharp Electronics Corp. contributed 51 percent of Interdigital's revenue of $122.6 million in the first nine months of 2005, up 76 percent from $69.7 million in the same months of 2004.
Interdigital earned $17.8 million, or 17 cents a share, in the period, compared with $319,000, or 1 cent a share, in the same months of 2004.
Interdigital is engaged in binding arbitration over patent royalties with Samsung Electronics Co. Ltd., another global cell-phone company.
Nokia Corp. lost a similar arbitration decision, but the world's largest cell-phone-maker filed suit in Wilmington and London, seeking to invalidate Interdigital's patents.
Kapur, the Piper Jaffray analyst, warned clients that expectations of further 3G licenses with large manufacturers in the near future "may be overly optimistic."

http://www.philly.com/mld/inquirer/business/13703845.htm

Dr. Behrooz R. Lessani
VP, Business Development, Europe
InterDigital
Dr. Behrooz Lessani is VP of InterDigital Communications Europe, a subsidiary of InterDigital Communications Corporation. He is responsible for the European business development activities of InterDigital Communications Corporation. His other responsibilities include technology positioning and strategic partnership. Behrooz has a PhD in digital radio communications design from the University of Leeds and an MBA from Cambridge University .

Prior to InterDigital, Dr. Lessani was Business Director for mobile in Alcatel , UK . Before joining Alcatel, he was a consultant and Head of Mobile Communications at Scientific Generics, a European technology and business consulting firm based in Cambridge . His first employment after his postgraduate studies was with Philips Radio Communication Systems where he participated in advanced R&D projects including the RACE 1043 UMTS project.

IDCC Events:01/23/2006 - 01/26/2006 : 3G Mobile World Forum

January 23-26
Tokyo, Japan

InterDigital's Dr. Behrooz Lessani to present "Achieving Cost Effective True Broadband in Both Downlink (HSDPA) and Uplink (HSUPA)" on January 25th

=DJ EARNINGS PREVIEW: Nokia 4Q Pft Seen Hit By Low-End Focus

By Magnus Hansson
Of DOW JONES NEWSWIRES

STOCKHOLM (Dow Jones)--Nokia Corp. (NOK) is expected to post a 1.9% drop in fourth-quarter net profit Thursday, with sales growth crimped by falling prices, a greater focus on lower-margin handsets and weakness in the networks division.
Net profit likely fell to EUR1.06 billion in the fourth quarter from EUR1.08 billion a year earlier, according to a poll of 46 analysts by SME Direkt. Sales are seen rising 6.3% to EUR10.06 billion from EUR9.46 billion - much slower than the 20% growth produced in the first nine months.
The product mix has "remained heavily-weighted towards the low end, which should continue to be a drag on (average selling prices) and gross margin," JP Morgan said in a preview on Nokia's results. It rates the stock neutral.
Nokia - the world's largest cellphone maker - enjoyed a recovery in market share in 2005, thanks to a revamped product range and as the number of mobile subscribers soared to another record. But with much of the growth in new mobile users coming from China, India and countries in Africa, margins will be a key focus when Nokia releases results. And with greater success than rivals at the low end of the market, Nokia continues to suffer falling prices.
The company has tried to support margins by curbing spending on research and development, but analysts predict the mobile devices divisions' operating margins will fall to 16.2% in the fourth quarter from 16.6% a year earlier.
The average selling price for Nokia phones has dropped continuously for several years and is seen hitting a new low of EUR100 in the fourth quarter. The decline is explained by fast growth in emerging markets where a relatively large share of phones sold are basic, lower priced models.
By contrast, Nokia's closest rivals - Motorola Inc. (MOT) and Samsung Electronics Co. Ltd. (005930.SE) - both saw prices rise in the fourth quarter when measured in euros. Motorola has enjoyed continued success with its ultra-thin, folding RAZR phones and saw sales leap 30% to $6.54 billion in the quarter despite component shortages.
Some analysts predict Nokia could start to see a recovery in selling prices in 2006 as the Finnish company's high-end phones take off in greater volumes.
"Mix improvement will allow Nokia to improve prices from EUR105 in 2005 to EUR109 in 2006," Nomura said in a preview of the results. It rates the stock buy.
Nokia's market share recovered strongly in 2005 from lows of 28% to 29% in the first half of 2004. For the fourth quarter 2005 analysts estimate Nokia sold 81.1 million handsets and achieved a 34.1% market share.
The company has worked hard to revamp its product range, particularly in the more lucrative mid- and high end of the market to counter the likes of Motorola, Samsung and Sony Ericsson.
The 6230 hit model, featuring a music player, camera and color screen, had sold 22 million units by the end of September, making it the best-selling mid-range phone ever and Nokia's highest sales generator in the third quarter.
"We believe in a strong fourth quarter for Nokia. Comments and results from competitors so far point in that direction," said Jan Ihrfelt, an analyst at Swedbank in Stockholm. He rates the stock buy.
Ihrfelt noted that Motorola, Samsung, LG Electronics Inc. (066570.SE) and Sony Ericsson, a joint venture of Telefon AB LM Ericsson (ERICY) and Sony Corp. (SNE), all reported volumes approximately in line with expectations but talked of a strong overall market, giving potential upside to Nokia as the main player yet to report.
Telecom industry research firm Strategy Analytics estimates around 423 million new mobile subscriptions were added in 2005 to a total of almost 2.2 billion at the end of the year. Strong growth, driven by countries such as Algeria and Nigeria, is set to continue in 2006, with Strategy Analytics predicting 2.5 billion subscriptions by year-end.
Nokia's networks unit, which sells mobile infrastructure to telecom operators and contributes almost a fifth of revenues, had difficult year in 2005. For the fourth quarter, sales are seen down 6.4% to EUR1.9 billion.
Operating profit at the division is seen down almost 42% to EUR179 million as the unit is investing to expand in some emerging markets where it has historically been weak. Nokia Networks has also sacrificed margin to win key contracts, including one from India's Bharat Sanchar Nigam Ltd. (BSNL.YY).
Nokia reports fourth quarter results on Jan. 26 at 1000 GMT.
Company Web site: http://www.nokia.com
-By Magnus Hansson, Dow Jones Newswires;+46 8 545 130 91, magnus.hansson@dowjones.com

(END) Dow Jones Newswires
01-24-06 0835ET
Copyright (c) 2006 Dow Jones & Company, Inc.

WSJ(1/25) Turning Your Cellphone Into Your Home Phone
(From THE WALL STREET JOURNAL) By Walter S. Mossberg and Katherine Boehret
ANYONE WITH A CELLPHONE is familiar with this scenario: You come home, take your jacket off, and set your purse or briefcase down near the door. A few hours later, you get your cellphone out of your bag to use it, only to find that you've missed three calls because you weren't close enough to hear your phone ringing.
Cellphones rule in lots of places -- we can call for car help when stranded along a highway, find friends in a crowd, and be nagged by co-workers or spouses at any time and place. But the old-fashioned wired phone wins at home. When someone calls your house line, extension phones all over the house ring, and can be used to answer the call. With a cellphone at home, you have to schlep it everywhere you go.
As more and more households continue to trade in their landlines for cellphones with better calling plans and free long distance, the inconvenience of toting a single cellphone around the house gets more annoying.
So, this week we took a look at two products that aim to solve that problem by tying your cellphone into your wired home phone setup. They allow you to use your home phones, including extensions in every room, to place and receive calls through your cellphone and your cellphone calling plan.
The two products are the RCA Cell Docking System from Thomson Inc. and the Dock-N-Talk Universal Cellphone Docking Station from Connecticut-based Phone Labs Technology Co. Each costs $150.
Both work by directing your incoming cellular calls to a wired phone -- and allowing outgoing calls to be made through your wireless network using these telephones. The RCA product comes with a special cordless telephone that links to a cellphone docking station, while the Dock-N-Talk is a small box that connects any corded or cordless home telephone to your cellphone. To use the RCA system in multiple rooms, you need to buy additional cordless handsets for $70 each that work with the RCA system.
These products also allow users to toggle back and forth between a landline and a cellular line, though we tested it only in a house where cellphones had already eliminated the need for a landline. The RCA's included cordless telephone has buttons labeled Home and Cell to answer or initiate calls using either line.
With Dock-N-Talk, you can also use a landline or your cellphone line by adjusting a switch on the box and buying splitters for your phone jacks. House phones attached to line one will ring for landline calls, and phones plugged into line two on the splitter ring for cell calls.
Because cellphones use many different types of connectors, these products are compatible only with phones for which adapter cables exist, or which can be connected using Bluetooth wireless networking. The RCA Cell Docking System comes with cellphone adapter cables, but these work only with 57 models from three manufacturers: Sony Ericsson (a joint venture of Japan's Sony Corp. and Sweden's Telefon AB L.M. Ericsson), Motorola Inc. and Nokia Corp.
The Dock-N-Talk is a bit more versatile, but instead of using adapter cables that come with the device, you must buy them separately; most cost about $20 each. These cables are compatible with 418 different cellphone models from six different companies. If your cellphone has Bluetooth, a separate $80 Bluetooth adapter can be plugged into the side of the Dock-N-Talk for use with 267 cellphones from 24 different brands.
We took these devices home and tried them in real-life scenarios. The RCA device wasn't compatible with either of our cellphones -- a Palm Treo 650 and a Samsung SCH-A670. The Dock-N-Talk is compatible with the Treo 650 using Bluetooth.
The RCA device needed 16 hours for its cordless handset's battery to charge, like most cordless phones. (This handset also functions as a regular phone, in case you ever stop using it with the cellphone docking system.) Thomson lent us a Motorola V551 cellphone for testing, and we used an included cable to plug it into the dock -- a clear plastic cradle where the phone can rest.
We called the cellphone's number, and as it's designed to do, the cordless handset rang. We picked up the handset phone, and the connection sounded fine.
Using the Dock-N-Talk was rather straightforward, too. We connected it to a cordless home telephone and used the same Motorola V551 cellphone for testing. After setup, the Dock-N-Talk box had four cords running from it: a short phone cord running to the cordless phone, a longer phone cord running to a phone jack on the wall, a power adapter plug running to a wall socket, and a cellphone adapter cord attached to our Motorola.
We called the cellphone and it and the attached cordless phone both rang. We also plugged another phone into a wall jack in a room down the hall -- remember, this was in a house with no landline -- and both house phones and the cellphone rang without a hitch.
We also tested the Dock-N-Talk's Bluetooth adapter, a small, flat piece that plugged in where the cellphone cable had been. Our first Bluetooth attempt with a Treo 650 failed -- we never got to the pairing step for some reason that we think has to do with the Treo itself. However, we tried our trusty Motorola V551 cellphone once more, as it has Bluetooth capability, and it "discovered" and "paired" with the Dock-N-Talk. Calling the cellphone worked just as it had with the cable -- the cell rang, as did the two house phones.
These devices have a practical use in any busy home where cellphones are used. One issue that might arise is the fact that in many homes, each family member has his or her own phone. The solution to serving multiple cellphones is to buy a different device for each phone, which could get pricey.
Though the RCA Cellphone Docking System includes a separate cordless phone and cellphone cables, its compatibility is very limited. It can work only with its own handsets, while the Dock-N-Talk works with various handsets. Dock-N-Talk also works with more cellphones, and is Bluetooth compatible.
If you're looking for a smart solution to stay connected with your cellphone without the need to keep it in your pocket at all times, the Dock-N-Talk is the way to go. It stands out because it will work with more products, including house phones that you already have. Just be sure your cellphone is compatible before you make the investment.
---
Email: MossbergSolution@wsj.com.

(END) Dow Jones Newswires
01-24-06 1946ET
Copyright (c) 2006 Dow Jones & Company, Inc.

Siemens and IBM to provide Internet phone calls feature
Jan 24, 2006 (INTERNET BUSINESS NEWS via COMTEX) -- Computer company IBM and electronics company Siemens, have revealed that they are working together to provide Internet phone calls direct from instant messaging applications or e-mails.
The companies said that they intend to embed Siemens HiPath softswitches for VoIP into the Lotus Notes and Domino business software from IBM. This will enable users to begin phone calls and conferences from their e-mail, instant messaging or web conferencing sessions, with one click.
According to IBM, working with companies such as Siemens to provide new services for users, means that customers do not have to replace current IT infrastructures. Siemens confirmed that the new features should be available by this summer for customers.
(C)1995-2006 M2 COMMUNICATIONS LTD
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InterDigital-IDCC implied volatility spikes to 73 from 47 on License Agreement
IDCC is up 5.68 to $24.29. IDCC 8K stated it had signed a five year licensing agreement with LG Electronics covering 2G, 2.5G and 3G patents. Nollenberger Capital say's "the LG agreement could add .35-40 cents in EPS per year." IDCC February option implied volatility of 73 is above yesterday's level of 47. IDCC intra-day call option volume of 22,996 contracts compares to intra-day put volume of 7,224 contracts. Increasing option implied volatility suggests larger price fluctuations or risk.

IDCC Mentioned:WSJ.COM/Earnings Preview: Nokia Reports Thursday
Nokia Corp. (NOK) - reports Jan. 26, before the market opens.
The Finnish cellphone maker has been doing a commendable job of bolstering its profit and world-leading market share, but the company said average selling prices will likely come in lower for the fourth quarter. It also warned of lower network-equipment sales, which account for about a fifth of total revenue.
Earnings Outlook: Analysts expect a profit of 25 European cents a share, according to Reuters Research, up from 23 cents a share in 2004's final quarter.
Revenue Outlook: Analysts expect revenue of 10.06 billion, up from 9.06 billion a year earlier.
Key Issues:
Handset trends: Amid strong overall demand, Nokia could score a nearly 22% rise to 80.4 million units sold in the fourth quarter, or about a third of the world market, according to Exane BNP Paribas analysts. Stiff competition in Europe from Samsung and Motorola could squeeze profit margins, however.
Emerging markets: India and markets in the Middle East will serve Nokia well, Russia and Latin America less spectacularly so, Exane says. A distribution expansion in China is winding down, but Nokia is bullish on the country, where it has about 380 million subscribers and a big manufacturing presence.
New gadgets: Nokia expects sales of its camera phones to top 100 million in 2005, aided by the U.S. launch of its two-megapixel N90 late in the year. Its new 770 wireless Internet tool was well-received in an online-only launch.
Royalty case: In December, a U.S. judge confirmed an award of about $250 million for InterDigital Communications in its dispute with Nokia over a 1999 licensing agreement.
See Cheat Sheet previews of other major earnings reports, at WSJ.com/Earnings

(END) Dow Jones Newswires
01-24-06 1642ET
Copyright (c) 2006 Dow Jones & Company, Inc.

IDCC Mentioned:WSJ.COM/Earnings Preview: Nokia Reports Thursday
Nokia Corp. (NOK) - reports Jan. 26, before the market opens.
The Finnish cellphone maker has been doing a commendable job of bolstering its profit and world-leading market share, but the company said average selling prices will likely come in lower for the fourth quarter. It also warned of lower network-equipment sales, which account for about a fifth of total revenue.
Earnings Outlook: Analysts expect a profit of 25 European cents a share, according to Reuters Research, up from 23 cents a share in 2004's final quarter.
Revenue Outlook: Analysts expect revenue of 10.06 billion, up from 9.06 billion a year earlier.
Key Issues:
Handset trends: Amid strong overall demand, Nokia could score a nearly 22% rise to 80.4 million units sold in the fourth quarter, or about a third of the world market, according to Exane BNP Paribas analysts. Stiff competition in Europe from Samsung and Motorola could squeeze profit margins, however.
Emerging markets: India and markets in the Middle East will serve Nokia well, Russia and Latin America less spectacularly so, Exane says. A distribution expansion in China is winding down, but Nokia is bullish on the country, where it has about 380 million subscribers and a big manufacturing presence.
New gadgets: Nokia expects sales of its camera phones to top 100 million in 2005, aided by the U.S. launch of its two-megapixel N90 late in the year. Its new 770 wireless Internet tool was well-received in an online-only launch.
Royalty case: In December, a U.S. judge confirmed an award of about $250 million for InterDigital Communications in its dispute with Nokia over a 1999 licensing agreement.
See Cheat Sheet previews of other major earnings reports, at WSJ.com/Earnings

(END) Dow Jones Newswires
01-24-06 1642ET
Copyright (c) 2006 Dow Jones & Company, Inc.

WSJA(1/25) LG Electronics' Earnings Soar 91%
(From THE WALL STREET JOURNAL ASIA) By Evan Ramstad
LG ELECTRONICS CO. said its fourth-quarter net profit rose 91% to 312.2 billion won ($318 million), its highest level since the second quarter of 2004, led by strong sales volume and improved margins for cellphones.
The results exceeded analysts' expectations. For the period ended Dec. 31, the South Korean company faced the easiest comparison with its results in 2004. LG's profits in the first half of 2004 were lifted by the record performance of LG.Philips LCD Co., its liquid-crystal-display joint venture with Philips Electronics NV. By the end of 2004, that business had run into a cyclical downturn, reducing its contribution to LG's profits. LG earned 163.4 billion won in the fourth quarter of 2004.
Revenue in the latest quarter was 6.18 trillion won, down 5% from 6.52 trillion won a year earlier, as the company shifted more of its production out of Korea. LG, like many other Korean companies, includes only the performance of Korea-based units in its quarterly results.
Yesterday, LG also reported its consolidated revenue, which includes overseas operations, for 2005. The company said that figure was up 2.9% from 2004 to 44.5 trillion won. LG Chief Executive S.S. Kim earlier this month announced a goal of doubling revenue by 2010, meaning annual growth would have to average 7%.
The LG results were announced during trading hours in Seoul. For the day, LG Electronics' shares rose 3.7% to close at 80,700 won.
LG is an increasingly important manufacturer globally. Its quarterly earnings have been shaped chiefly by its cellphone business, the fourth-largest in the world after those of Nokia Corp., Motorola Inc. and Samsung Electronics Co., and by the ups and downs of its LCD joint venture.
The company said the operating-profit margin from its handset division widened to 8.1% from 5.6% a year earlier, due to strong shipments of new models and an increase in sales of 3G models, used on advanced networks in several parts of Asia and Europe.
In the quarter, LG shipped 16.2 million cellphones, 17% more than a year earlier. That lifted LG's full-year total to 54.9 million, up 24% from 2004 but below its target of 62 million. It set a new target of 70 million units for 2006, an aggressive increase of 27% over last year's actual tally at a time when the industry's overall unit growth is expected to be in the 10% to 15% range.
LG recorded 113 billion won in profit contribution from LG.Philips LCD in the latest period, up from 25 billion won a year earlier. LG's appliance business, its largest after cellphones, experienced a seasonal downturn in sales and profitability in the fourth quarter.
The company said it would increase its capital spending by 3% this year to 1.7 trillion won. This includes 282 billion won to increase production of plasma display panels for television sets.
Separately, LG said it agreed to spend 101 million euros ($124 million) on a new appliance and TV factory in Wroclow, Poland.
LG reports its financial results using Korean accounting standards.
---
Yun-Hee Kim of Dow Jones Newswires contributed to this article.

(END) Dow Jones Newswires
01-24-06 1637ET
Copyright (c) 2006 Dow Jones & Company, Inc.

wow.that line in the sand @ 25 is now over 40,000 shares!
Chomp...chomp.

OT:Universal Display-PANL takeover chatter circulating again-Rumor :theflyonthewall.com

Communications Equip: LG Electronics mkt share loss & impact on the sector@TWPT
LG Electronics reported they lost significant market share on weakness in North American CDMA and worldwide GSM handset sales. While this was only one quarter and does not mean a trend has started, TWPT believes this is positive for MOT, and to a lesser extend NOK and ERICY. LG Electronics reported strong WCDMA results and TWPT considers that positive for QCOM, as LG is one of QCOM's two largest customers for chipsets

I see a line @ 24.80 (15,500 shares) and the BIG daddy (38,000 shares) @ 25.00

If it happens this weekend, we'll be @ 40 on Monday.

loto-Don't get me wrong....25 that wall is coming down also.

and some shorts are burning.

all walls coming down.....except 35,000 @ 25.

e5oo-I see another 23,000 shares lined up @ 24.50

and away we gooooooooo.

loto-The next one is @ 24.25

get ready.

line in the "sand"

I see that they have almost 32,000 shares sitting @ 24.00
Lets eat it up...chomp

NTT DoCoMo agreement for HTC handsets
Jan 24, 2006 (TELECOMWORLDWIRE via COMTEX) -- A basic agreement has been signed to enable dual-mode handsets from High Tech Computer Corp (HTC), a mobile computing and communications company, to be marketed by NTT DoCoMo, a communication services provider.
The HTC 3G FOMA handsets with Microsoft Windows Mobile 5.0 Japanese edition operating systems will be designed to provide mobile solutions for corporate users. The handsets will synchronise with Windows Server and Exchange server to provide messaging and other business support.
The GSM/GPRS and W-CDMA handsets will include a QWERTY keyboard and provide video, voice and packet communications compatible with WLAN. The two companies intend to introduce commercial sales during the second half of this year. No pricing information was given.
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
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Jim-Over 4 million.

=DJ EARNINGS PREVIEW: Nokia 4Q Pft Seen Hit By Low-End Focus

By Magnus Hansson
Of DOW JONES NEWSWIRES

STOCKHOLM (Dow Jones)--Nokia Corp. (NOK) is expected to post a 1.9% drop in fourth-quarter net profit Thursday, with sales growth crimped by falling prices, a greater focus on lower-margin handsets and weakness in the networks division.
Net profit likely fell to EUR1.06 billion in the fourth quarter from EUR1.08 billion a year earlier, according to a poll of 46 analysts by SME Direkt. Sales are seen rising 6.3% to EUR10.06 billion from EUR9.46 billion - much slower than the 20% growth produced in the first nine months.
The product mix has "remained heavily-weighted towards the low end, which should continue to be a drag on (average selling prices) and gross margin," JP Morgan said in a preview on Nokia's results. It rates the stock neutral.
Nokia - the world's largest cellphone maker - enjoyed a recovery in market share in 2005, thanks to a revamped product range and as the number of mobile subscribers soared to another record. But with much of the growth in new mobile users coming from China, India and countries in Africa, margins will be a key focus when Nokia releases results. And with greater success than rivals at the low end of the market, Nokia continues to suffer falling prices.
The company has tried to support margins by curbing spending on research and development, but analysts predict the mobile devices divisions' operating margins will fall to 16.2% in the fourth quarter from 16.6% a year earlier.
The average selling price for Nokia phones has dropped continuously for several years and is seen hitting a new low of EUR100 in the fourth quarter. The decline is explained by fast growth in emerging markets where a relatively large share of phones sold are basic, lower priced models.
By contrast, Nokia's closest rivals - Motorola Inc. (MOT) and Samsung Electronics Co. Ltd. (005930.SE) - both saw prices rise in the fourth quarter when measured in euros. Motorola has enjoyed continued success with its ultra-thin, folding RAZR phones and saw sales leap 30% to $6.54 billion in the quarter despite component shortages.
Some analysts predict Nokia could start to see a recovery in selling prices in 2006 as the Finnish company's high-end phones take off in greater volumes.
"Mix improvement will allow Nokia to improve prices from EUR105 in 2005 to EUR109 in 2006," Nomura said in a preview of the results. It rates the stock buy.
Nokia's market share recovered strongly in 2005 from lows of 28% to 29% in the first half of 2004. For the fourth quarter 2005 analysts estimate Nokia sold 81.1 million handsets and achieved a 34.1% market share.
The company has worked hard to revamp its product range, particularly in the more lucrative mid- and high end of the market to counter the likes of Motorola, Samsung and Sony Ericsson.
The 6230 hit model, featuring a music player, camera and color screen, had sold 22 million units by the end of September, making it the best-selling mid-range phone ever and Nokia's highest sales generator in the third quarter.
"We believe in a strong fourth quarter for Nokia. Comments and results from competitors so far point in that direction," said Jan Ihrfelt, an analyst at Swedbank in Stockholm. He rates the stock buy.
Ihrfelt noted that Motorola, Samsung, LG Electronics Inc. (066570.SE) and Sony Ericsson, a joint venture of Telefon AB LM Ericsson (ERICY) and Sony Corp. (SNE), all reported volumes approximately in line with expectations but talked of a strong overall market, giving potential upside to Nokia as the main player yet to report.
Telecom industry research firm Strategy Analytics estimates around 423 million new mobile subscriptions were added in 2005 to a total of almost 2.2 billion at the end of the year. Strong growth, driven by countries such as Algeria and Nigeria, is set to continue in 2006, with Strategy Analytics predicting 2.5 billion subscriptions by year-end.
Nokia's networks unit, which sells mobile infrastructure to telecom operators and contributes almost a fifth of revenues, had difficult year in 2005. For the fourth quarter, sales are seen down 6.4% to EUR1.9 billion.
Operating profit at the division is seen down almost 42% to EUR179 million as the unit is investing to expand in some emerging markets where it has historically been weak. Nokia Networks has also sacrificed margin to win key contracts, including one from India's Bharat Sanchar Nigam Ltd. (BSNL.YY).
Nokia reports fourth quarter results on Jan. 26 at 1000 GMT.
Company Web site: http://www.nokia.com
-By Magnus Hansson, Dow Jones Newswires;+46 8 545 130 91, magnus.hansson@dowjones.com

(END) Dow Jones Newswires
01-24-06 0835ET
Copyright (c) 2006 Dow Jones & Company, Inc.

BUYINS.NET: InterDigital Communications Corp. (IDCC) SqueezeTrigger Price
Is $17.57. Short Sellers Are Down Approximately $15 Million After Company Signs
5 Year Deal With LG Electronics.
Jan 24, 2006 (M2 PRESSWIRE via COMTEX) -- www.buyins.net, announced today that the 2.27 million shares declared short on InterDigital Communications (NASDAQ: IDCC) have a SqueezeTrigger Price of $17.57 per share. According to TheStreet.com, the wireless technology outfit struck a five-year license agreement with LG Electronics. The license covers the sale of second-generation and third-generation wireless technology on the time division multiple access standard. LG is obligated to pay InterDigital three equal installments of $95 million, in the first quarters of 2006, 2007, and 2008. At the end of the five-year term, LG will receive a paid-up license to sell single-mode GSM/GPRS/EDGE terminal units under the patents included under the license. Short sellers are down approximately $15 million as the stock is currently trading near $24.28. To access SqueezeTrigger Prices ahead of short squeezes beginning, visit http://www.buyins.net/squeezetrigger.pdf.
From January to December of 2005, an aggregate amount of 35,007,183 shares of IDCC have been shorted for a total dollar value of $615 million. The IDCC SqueezeTrigger price of $17.57 is the volume weighted average price that all shorts are short in shares of IDCC. Since crossing above the SqueezeTrigger Price, shares of IDCC are up nearly 38%. There is still approximately $55 million worth of potential short covering in shares of IDCC.
InterDigital Communications Corporation (NASDAQ: IDCC) engages in the design, development, licensing, and sale of wireless technology solutions for voice and data communications. Its solutions primarily include time division multiple access and code division multiple access technologies, as well as technologies covering 2G, 2.5G, 3G, and 802 standards. The company's solutions are incorporated in various products, which principally comprise mobile phones and personal digital assistants; other wireless devices, such as laptops, PC cards, and USB sticks; base stations and other infrastructure equipment; and modules and components for wireless devices. InterDigital Communications offers its solutions to semiconductor companies and equipment producers primarily in Japan and Europe. The company was incorporated in 1972. It was formerly known as International Mobile Machines Corporation and changed its name to InterDigital Communications Corporation in 1992. InterDigital Communications is headquartered in King of Prussia, Pennsylvania.
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This trading advantage can be used by the following professionals in these ways and more:
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shoes-On January 18, 2006, InterDigital Communications Corporation's patent holding subsidiaries (collectively, InterDigital) entered into a worldwide, non-transferable, non-exclusive, patent license agreement with LG Electronics Inc. (LG). The five-year patent license agreement, effective January 1, 2006, covers the sale, both prior to January 1, 2006 and during the five-year term, of terminal units compliant with all TDMA-based Second Generation (2G) standards (including TIA-136, GSM, GPRS, and EDGE) and all Third Generation (3G) standards (including WCDMA, TD-SCDMA and cdma2000(R) technology and its extensions), and infrastructure compliant with cdma2000(R) technology and its extensions up to a limited threshold amount, under all patents owned by InterDigital prior to and during the term of the license. Under the terms of the patent license agreement, LG is obligated to pay InterDigital three equal installments of $95 million, in the first quarters of 2006, 2007, and 2008, respectively. At the end of the five year term, LG will receive a paid-up license to sell single-mode GSM/GPRS/EDGE terminal units under the patents included under the license.

Options for IDCC



View By Expiration: Feb 06 | Mar 06 | Jun 06 | Jan 07 | Jan 08
CALL OPTIONS Expire at close Fri, Feb 17, 2006

Strike Symbol Last Chg Bid Ask Vol Open Int
12.50 DAQBV.X 10.20 3.50 11.20 11.40 11 3
15.00 DAQBC.X 3.70 0.00 8.70 8.90 30 209
17.50 DAQBW.X 6.20 4.65 6.20 6.40 56 673
20.00 DAQBD.X 4.00 3.50 3.90 4.10 493 3,098
22.50 DAQBX.X 2.20 2.05 2.05 2.20 507 3,713
25.00 DAQBE.X 0.95 0.85 0.95 1.00 1,347 216
30.00 DAQBF.X 0.20 0.15 0.20 0.25 167 60

=DJ UPDATE: LG Elec 4Q Net Profit Up 91% On Cellphone Sales
By Evan Ramstad OF THE WALL STREET JOURNAL ASIA
(Dow Jones)--LG Electronics Co. (066570.SE) said its fourth-quarter net profit rose 91% to KRW312.2 billion, its highest level since the second quarter of 2004, led by strong sales volume and improved margins for cellphones.
The performance exceeded analysts' expectations, but the South Korean company also faced the easiest comparison of 2005 in the quarter.
LG's profits in the first half of 2004 were lifted by the record performance of LG.Philips LCD Co. (034220.SE), its liquid-crystal-display joint venture with Philips Electronics NV. By the end of 2004, that business had run into a cyclical downturn, reducing its contribution to LG's profits.
LG earned KRW163.4 billion in the fourth quarter of 2004. Revenue in the latest quarter was KRW6.18 trillion, down 5% from KRW6.52 trillion a year earlier, as the company shifted more of its production out of Korea to other countries.
LG reports its financial results using Korean accounting standards. Only the performance of Korea-based units is included in the quarterly results reported by LG and many other Korean companies. The widening gap between the two sets of figures is clear in LG's consolidated revenue, which includes its overseas operations. That figure was up 2.9% to KRW44.5 trillion for the full year.
LG Chief Executive S.S. Kim earlier this month announced a goal of doubling revenue by 2010, meaning annual growth would have to average 7%.
In Seoul trading, LG Electronics' shares rose 3.7% to close at KRW80,700 apiece.
While LG is Korea's largest maker of appliances, and an increasingly important manufacturer globally, its quarterly earnings have been shaped chiefly by its cellphone business, the fourth-largest in the world after those of Nokia Corp., Motorola Inc. and Samsung Electronics Co., and by the ups and downs of its LCD joint venture.
The company said operating profit margin from its handset division rose to 8.1% from 5.6% a year earlier, due to strong shipments of new models and an increase in sales of so-called 3G models, used on advanced networks in several parts of Asia and Europe.
LG shipped 16.2 million cellphones in the quarter, up 17% from 13.9 million a year earlier. That lifted LG's full-year total to 54.9 million, up 23.7% from 2004 but below its target of 62 million.
It set a new target of 70 million units for 2006, an aggressive increase of 27% over last year's actual tally at a time when the industry's overall unit growth is expected to be in the 10% to 15% range.
LG recorded KRW113 billion in profit contribution from LG.Philips LCD in the latest period, up from KRW25 billion a year ago.
LG's appliance business, its largest after cellphones, experienced a seasonal downturn in sales and profitability in the fourth quarter.
LG said it would increase its capital spending by 3% this year to KRW1.7 trillion. It will spend KRW282 billion of that to increase production of plasma display panels for TVs.
Separately, the company said it agreed to spend EUR101 million on a new appliance and TV factory in Wroclow, Poland.

-By Evan Ramstad, Wall Street Journal Asia, (822) 733 3696
(Yun-Hee Kim of Dow Jones Newswires contributed to this article.)

(END) Dow Jones Newswires
01-24-06 0437ET
Copyright (c) 2006 Dow Jones & Company, Inc.

*DJ LG Elec To Sell 70M Cellphones In 2006, Up From 55M '05

(MORE TO FOLLOW) Dow Jones Newswires
01-24-06 0007ET
Copyright (c) 2006 Dow Jones & Company, Inc.

PRESS RELEASE: Dell Previews Plans to Integrate 3rd Generation Mobile Connectivity; Next-Generation Notebooks can be Customized to Connect with Vodafone in Select European Countries
ROUND ROCK, Texas--(BUSINESS WIRE)--Jan. 24, 2006--
Dell (NASDAQ:DELL) today announced it will bring Vodafone's third generation (3G) wireless broadband technology to Dell's notebook customers in the UK, France and Germany. With its build-to-order capability, Dell aims to expand customers' wireless connectivity options by delivering built-in access to Vodafone's high-speed wireless data network in these countries. This new service will mean users will have readily available access to email, Internet and servers through the Vodafone mobile broadband data network.
Beginning in the first half of this year, Dell will offer notebook computers with optional integrated High-Speed Downlink Packet Access (HSDPA) wireless broadband capability, which will boost current 3G download speeds by approximately four times.
The built-in mobile broadband technology will also be backwards compatible with Universal Mobile Telecommunications System (UMTS - also known as 3G) technology and General Packet Radio Service (GPRS) wireless data networks.
Dell continues to set the pace in ensuring mobile users have the widest choices in wireless connectivity by integrating optional mobile broadband capability in future notebook products. It is the first major personal computer supplier to announce multiple wireless carrier partnerships in multiple regions, including agreements with Vodafone initially in France, Germany and the UK.
"Our collaboration with Dell is an important part of Vodafone's plan to provide customers with new mobile solutions that use HSDPA to bring the full potential of mobile broadband to life," said Nick Jeffery, Global Marketing Director, Vodafone.
"This is another important step in providing world-class mobile broadband technology to Dell customers," said Jeff Kimbell, Director of Business Marketing, Dell EMEA. "Dell's collaboration with Vodafone demonstrates Dell's on-going strategy to deliver innovative technology solutions to market to meet our customers' requirements. With Dell and Vodafone working together, customers can benefit from built-in, easy-to-use technology which provides access to the 3G wireless network deployed broadly worldwide."
About Vodafone
Vodafone provides a full range of mobile telecommunications services, including voice and data communications. Vodafone has equity interests in 27 countries and Partner Networks in a further 27 countries, with a proportionate customer base of over 171 million. Vodafone live! with 3G is available in 18 countries worldwide. For more information, please visit www.vodafone.com
About Dell
Dell Inc. (NASDAQ:DELL) is a trusted and diversified information-technology supplier and partner, and sells a comprehensive portfolio of products and services directly to customers worldwide. Dell, recognised by Fortune magazine as America's most admired company and No. 3 globally, designs, builds and delivers innovative, tailored systems that provide customers with exceptional value. Company revenue for the last four quarters was $54.2 billion. For more information about Dell and its products and services, visit www.dell.com.
Dell is a trademark of Dell Inc.
Dell disclaims any proprietary interest in the marks and names of others.
CONTACT: Dell EMEA: Nishma Shah or Emma Ferns, +44 (0) 207 072 4000 dellemea@gciuk.com or Anne Camden, 512-723-7689 anne_camden@dell.com SOURCE: Dell Copyright Business Wire 2006
(END) Dow Jones Newswires
01-24-06 1000ET

24

IDCC is "In Play"

IDCC Interdigital Comm gaps higher, next area of interest lies at its late-2004 high near 23.50 (22.90 +4.29) -Update- -Technical-

almost 24

I agree.