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Cable & Wireless (West Indies) Joins 3G Americas' Board of Governors
RELATED SYMBOLS: (RIMM)
BELLEVUE, Wash., Jan 28, 2003 /PRNewswire via COMTEX/ -- 3G Americas announced
today that Cable & Wireless (West Indies) has been elected to its Board of
Governors effective January 2003. The election of Cable & Wireless follows
closely on the recent Board expansion that included new members Telcel (Mexico)
and Research In Motion (RIM).
"Cable & Wireless, with TDMA networks in 13 island nations, will be deploying
GSM/GPRS across the Caribbean, beginning in April in its key markets of Jamaica,
Barbados and the Cayman Islands," commented Chris Pearson, Executive Vice
President of 3G Americas. "As such, Cable & Wireless is a strategic member of
our Board as it joins the growing number of TDMA operators who have announced
the addition of GSM to their mobile operations."
There are nearly 4.5 million cellular subscribers today in the Caribbean and 38%
of those subscribers are TDMA subscribers with another 34% using GSM technology.
Thomas Perez-Ducy, Executive Vice President - Mobile Services for Cable &
Wireless (West Indies) added, "We are pleased to contribute to the goals of 3G
Americas by providing our insight on important wireless issues and opportunities
for the Caribbean, thereby improving the wireless industry throughout the
Americas. We will commercially launch GSM/GPRS services in April 2003, adding
further to the rapid growth of GSM in the region."
About 3G Americas: Unifying the Americas through Wireless Technology
3G Americas unites wireless operators and vendors in the Americas for the very
first time to form a single voice representing GSM, TDMA, GPRS, EDGE, and UMTS
technologies. Working with regulatory bodies, technical standards bodies, and
other global organizations, 3G Americas uniquely focuses on the issues facing
the Americas. The mission of 3G Americas is to promote, educate, and advocate
for the success of GSM, TDMA, GPRS, EDGE, and UMTS and their seamless evolution
to future generations, thereby advancing the wireless industry in the Americas
for the benefit of consumers. The organization fully supports the third
generation technology migration strategy GSM/GPRS/EDGE and UMTS adopted by many
operators in the Americas that will globally account for up to 85% of
next-generation subscribers. 3G Americas is headquartered in Bellevue, WA with
an office for Latin America and the Caribbean in Miami, FL. For more
information, visit the website at www.3gamericas.org.
The founding members of 3G Americas include AT&T Wireless (USA), Cingular
Wireless (USA), Ericsson, HP, Lucent Technologies, Motorola, Nokia, Nortel
Networks, Openwave Systems, Rogers Wireless (Canada), Siemens, and Telecom
Personal (Argentina). New members to the Board of Governors as of January 2003
include Cable & Wireless (West Indies), Research In Motion (RIM) and Telcel
(Mexico).
About Cable & Wireless (West Indies)
Cable & Wireless West Indies, the leading telecom operator in the Caribbean, is
owned by Cable & Wireless plc as part of a major global telecommunications
business with revenue of over 5.9 billion pounds Sterling (US$8.6 billion) in
the year to 31 March 2002 and customers in 80 countries, and consists of two
core and complementary divisions: Cable & Wireless Regional and Cable & Wireless
Global. Cable & Wireless Regional offers a full range of telecommunications
services in 33 countries around the world. Cable & Wireless Global's focus is on
IP (internet protocol) and data services and solutions for business customers.
It has developed advanced IP networks and value-added services in the US, Europe
and the Asia-Pacific region in support of this strategy. With its financial
strength and the capability of its global IP infrastructure, Cable & Wireless
holds a unique position in terms of global coverage and services to business
customers.
Contacts:
Vicki Livingston Errol Miller
vicki.livingston@3gamericas.org errol.miller@cwjm.cwplc.com
+1-262-242-3458 Phone +1-876-936-2234 Phone
+1-425-372-8923 Fax +1-876-960-9651 Fax
SOURCE 3G Americas
CONTACT: Vicki Livingston of 3G Americas, +1-262-242-3458, or fax,
+1-425-372-8923, or vicki.livingston@3gamericas.org; or Errol Miller of Cable
& Wireless (West Indies), +1-876-936-2234, or fax, +1-876-960-9651, or
errol.miller@cwjm.cwplc.com
URL: http://www.3gamericas.org
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Washington
INDUSTRY KEYWORD: CPR
TLS
STW
SUBJECT CODE: PER
(Wall Street)
Daniel Nieves
NTT DoCoMo to seek Asian partners to promote 3G mobile service
RELATED SYMBOLS: (DCM)
DAVOS, Switzerland, Jan 28, 2003 (Kyodo via COMTEX) -- NTT DoCoMo Inc. will
seek business partners in Asia to promote a third-generation (3G) mobile phone
service globally, President Keiji Tachikawa said Monday.
"We have to promote our business model. It's important to increase the number of
partners toward this end, and Asia is where we can invest," Tachikawa told Kyodo
News on the sidelines of a meeting of the World Economic Forum in the Swiss ski
resort of Davos.
NTT DoCoMo, the wireless unit of Nippon Telegraph and Telephone Corp. (NTT), is
the first telecom operator to launch a 3G mobile phone service featuring
high-speed data transmission via Internet mobile phones.
Tachikawa said the new service has been slow in attracting a wide range of
consumers due to difficulties in the development of technologies of mobile
handsets and software.
But he told the Davos meeting that such difficulties are being gradually
overcome and that the 3G mobile service will likely expand sharply this year.
Tachikawa also said NTT DoCoMo's i-mode Internet mobile service has created a
new business model in which Internet content providers are better off as more
mobile handsets are sold.
2003 Kyodo News (c) Established 1945
-0-
KEYWORD: DAVOS, Switzerland
(Wall Street)
Daniel Nieves
spree99, Read it again, you missed the punch line.
I'm outta here....nite
Daniel Nieves
mschere, I saw this on the same page:“Jury Awards Harris $61 million Patent Infringement Jury Award”
11/14/2002 , Greg Aharonian, Patent Commentator
* “A jury has ordered Ericsson to pay Harris Corporation $61 million for infringing some cell phone technology patents. Helping Harris prevail was the law firm Howrey Simon Arnold & White, whose litigators should be feared by people with pathetically ridiculous patent arguments,” as reported by Greg Aharonian, On-line Patent Commentator. The Harris trial team included Henry Bunsow (SF), Alan Fisch (DC), Terry Corbin (Menlo Park), Jennifer Sklenar (LA), Jason Hoffman (DC), Matt Hocker (Menlo Park), Jayna Whitt (Menlo Park), and Heather Fan (Menlo Park).
Daniel Nieves
from yahoo:
CINGULAR MOVES TO THE EDGE
Consumers to reap benefits of fast, always-on wireless technology
ATLANTA, October 30, 2001 - Cingular Wireless today announced it will begin upgrading its network to third generation wireless data technology - with the introduction of EDGE, bringing consumers nationwide the benefits of faster speeds for accessing the wireless Internet and information anytime, anywhere.
The upgrade to EDGE (Enhanced Data Rates for Global Evolution) will put in place wireless always-on packet data technology capable of transmitting data at up to peak rates of 384kbs - fast enough to support full-motion video.
"Cingular - already the national leader in packet data - is going a step further to transition our network to a worldwide 3G standard," said Stephen Carter, president and CEO of Cingular. "At the same time, we will be providing our customers with a single voice technology from coast-to-coast."
The move to EDGE will begin with the installation of GPRS (General Packet Radio Service) packet data and GSM (Global System for Mobile Telecommunications) voice technology over Cingular's TDMA and analog networks. GSM is the world's leading digital wireless technology. More than half a billion GSM phones are in use worldwide, accounting for more than 70 percent of the world's digital wireless market. The technology also allows customers with tri-band or "world" phones to use their phones seamlessly in more than 160 countries.
Ericsson, Nokia and Siemens have been selected to assist with the infrastructure build out. These three vendors have also been developing the GSM/TDMA dual-technology terminals for some time and have been selected to be Cingular's primary suppliers of these devices. They will also be among a larger group of suppliers of 850/1900 GSM handset suppliers.
Cingular already uses GSM technology in California, Washington, Nevada, South Carolina, North Carolina, Eastern Tennessee and Coastal Georgia.
"GSM is clearly the world's choice for wireless technology," said Carter. "Plus, having a common technology throughout the United States will allow us to provide additional capabilities and features for our customers."
EDGE will be installed in all markets throughout Cingular's coverage area. GPRS is already marketed in Seattle, Las Vegas, Eastern Tennessee, North Carolina and South Carolina as Cingular Wireless Internet Express. The EDGE network will also be "backwards compatible" meaning customers with GPRS devices can also use them in EDGE markets.
Cingular's decision to pursue EDGE as its third generation technology path is made possible by a number of factors and commitments, including:
Increased spectrum efficiency achieved through the GSM technology.
Availability of GSM network infrastructure that operates on 850 MHz and 1900 MHz spectrum.
Development of GAIT wireless phones, which will allow Cingular customers to seamlessly move between its TDMA to GSM networks.
Commitments from network infrastructure and terminal vendors to supply Cingular with EDGE infrastructure and devices.
Cingular will continue to provide TDMA service to its current TDMA customers. It is anticipated that demand for the new service will continue to gain momentum, with many upgrading from TDMA to GSM/EDGE devices over time.
"This conversion will be transparent to the large majority of our customers. Since many customers upgrade their handsets about every two years, we expect an extremely smooth transition," said Carter.
ABOUT CINGULAR WIRELESS
Cingular Wireless is the second largest wireless carrier in the U.S., and is dedicated to self-expression and customer-friendly service. As a leader in mobile voice and data communications, Cingular, a joint venture between SBC Communications and BellSouth, currently serves more than 21.3 million customers nationwide. Cingular offers customers advanced technologies in simple, cost-effective ways that permit them to tap the creative potential of wireless through their own self-expression. Details of the company are available at www.cingular.com.
Media Contacts:
Clay Owen
Cingular Wireless
(404) 236-6153
clay.owen@cingular.com
privacy policy and legal notices
©2003, Cingular Wireless. All Rights Reserved.
Daniel Nieves
GSM to Hit One Billion Subscribers By Year End 2003
Jan 27, 2003 (Vanguard/All Africa Global Media via COMTEX) -- According to
figures released by the GSM Association, the voice of the world"s wireless
industry, the GSM family of wireless communications continues to dominate the
wireless world. It is estimated that at the end of 2002 there were 787 million
GSM subscribers across 190 countries of the world.
The growth of GSM continues unabated with more than 160 million new customers in
the last 12 months. Since 1997, the number of GSM subscribers has increased by a
staggering 10 fold. During late 2003 or early 2004, it is predicted that global
GSM subscribers will smash through the one billion mark.
Craig Ehrlich, Chairman of the GSMA"s CEO Board commented: 'The impact that GSM
has made over the last decade cannot be understated. It has changed the world --
as signified by one in every 7 people on the planet that use GSM services today.
Growth continues at a pace -- it now accounts for more than 72 per cent of the
world"s digital wireless market -- and we fully expect to achieve one billion
customers around the turn of this year.'With such massive momentum, it is easy
to understand why 8 out of ten of the world"s digital wireless carriers, who
have made their 3G technology choices, have selected and invested billions of
dollars in the GSM family platforms of GPRS and W-CDMA as their next generation
technologies of choice globally," added Ehrlich.
As further evidence of GSM"s continuing advance and evolution, the GSMA
confirmed today that there are more than 140 data enabled GPRS networks
commercially deployed with a further 40 currently in construction. Customers are
already beginning to enjoy advanced, feature rich data services, such as Mobile
Multimedia Services (MMS) including picture messages and other leading edge
wireless applications.
Rob Conway, CEO of the GSM Association said: "This consistent growth
demonstrates that GSM continues to be the most successful open standards model
in the wireless world and possibly the fastest growing technology ever."The GSM
Association (GSMA) is the world's leading wireless industry representative body.
It consists of more than 660 second and third generation wireless network
operators working collaboratively to define, prioritise and communicate
requirements, as well as key manufacturers and suppliers to the wireless
industry. The Association's members provide digital wireless services to 787
million customers (end December 2002).
The GSM family of wireless communications platforms account for approximately 72
percent of the total digital wireless market today. The GSM Association is a
unique organization, with truly global reach, offering a full range of business
and technical services to its members.
Copyright Vanguard. Distributed by All Africa Global Media(AllAfrica.com)
-0-
KEYWORD: Nigeria
(Wall Street)
Daniel Nieves
Sanyo's Most Advanced US Phones Feature ACCESS Browser ACCESS' New 3.0
RELATED SYMBOLS: (SANYY)
TOKYO and FREMONT, Calif., Jan 27, 2003 /PRNewswire-FirstCall via COMTEX/ --
ACCESS (Tokyo Stock Exchange: 4813), a global provider of integrated data
platforms and Internet access technologies for the mobile communications market,
and Sanyo Electric Co., Ltd. (Nasdaq: SANYY) announced that Sanyo has licensed
ACCESS' NetFront v3.0 browser for its new color screen and camera-equipped
SCP-5300 phone and new color screen SCP-4900 phone (some additional models will
also be powered by NetFront). With the NetFront browser the SCP-5300 and
SCP-4900 are among the most advanced Internet-enabled phones available in the
U.S. today. The agreement was signed between ACCESS Systems America, Inc., a
subsidiary of ACCESS, and Sanyo.
With over 80 million licenses deployed in over 191 different consumer devices,
ACCESS' NetFront is the most widely used embedded browser in the world. It
powers handhelds, mobile phones, car navigation systems and other
resource-restricted Internet devices. With NetFront v3.0, the Sanyo SCP-5300 and
SCP-4900 phones allow for easy and intuitive web browsing, gaming, messaging and
more.
"As the first phone in the U.S. with integrated photo and multimedia
capabilities, the Sanyo SCP-5300 is setting a new standard. We chose to
incorporate ACCESS' NetFront v3.0 browser because it is a proven and
sophisticated browser solution," said Atsushi Kodera, Group Vice President and
General Manager of the Communications/Information Technology Division of
Chatsworth, California-based Sanyo Fisher Company, which markets Sanyo PCS
phones in the United States. "To facilitate the delivery of 3G services to the
U.S., it's crucial to work with a company that has extensive engineering
experience and leading technologies. That partner for us is ACCESS."
"Our browser makes the Sanyo SCP-5300 and SCP-4900 the most sophisticated
Internet-enabled phones on the U.S. market," said Toru Arakawa, President and
CEO, ACCESS Co. Ltd. "We are excited to join with industry leaders like Sanyo to
make them available in the U.S. as we continue to deliver advanced wireless
services globally."
About Sanyo
Sanyo Electric Co., Ltd. is a $20 billion manufacturer and distributor of
consumer and commercial electronics, including multimedia and telecommunication
products. Based in Chatsworth, California, Sanyo Fisher Company (a division of
Sanyo North America Corporation, a subsidiary of Sanyo Electric Co., Ltd.)
markets PCS phones, audio systems, portable and mobile audio equipment,
televisions, DVD players, dictation machines, digital still cameras, home
appliances, LCD projectors, security video equipment and air conditioning
systems.
For more information, visit Sanyo's U.S. web sites at www.sanyo.com and
www.sanyowireless.com.
About NetFront
NetFront v3.0 is a modular, scalable browser designed to meet the unique
requirements of resource-constrained consumer information appliances, delivering
high performance and an extensive feature set with low memory and power
requirements. NetFront's modular architecture allows for custom configurations
for specific target hardware. This unique scalability allows NetFront v3.0 to
cover a broad range of appliance profiles from mobile phones to digital
televisions. In addition to the latest W3C specifications HTML 4.01 and XHTML
1.0, NetFront v3.0 supports enhanced features such as Dynamic HTML, ECMA Script
(JavaScript), DOM (Document Object Model), CSS, and SSL (Secure Socket Layer).
JV-Lite2, a J2ME compliant Java runtime environment, and an MMS client are also
available as optional modules.
About ACCESS Co., Ltd. and ACCESS Systems America, Inc.
ACCESS Co., Ltd. (Tokyo Stock Exchange: 4813) is a global provider of integrated
data platforms and Internet access technologies for the mobile communications
market. ACCESS develops and markets PCSS, an integrated platform that enables
wireless network operators to rapidly deploy value-added data services on 2.5G
and 3G networks and generate revenue from premium branded third-party content.
ACCESS' embedded NetFront and Compact NetFront browsers power over 191 different
commercial products worldwide. The NetFront microbrowser is most widely deployed
in phones for NTT DoCoMo's popular i-mode service. ACCESS Co. Ltd. is
headquartered in Tokyo, Japan, with ACCESS Systems America, its U.S. subsidiary,
in Fremont, California. ACCESS Systems Europe is located in Oberhausen, Germany
and ACCESS (Beijing) Co., Ltd in Beijing, China. More information is available
at www.access.co.jp and www.access-us-inc.com.
NOTE: ACCESS is a registered trademark in Japan. NetFront and Compact NetFront
are registered trademarks of ACCESS Co., Ltd. in Japan. NetFront is a registered
trademark of NetFront Communications, Inc. in the United States and is used
under license. i-mode is a registered trademark of NTT DoCoMo, Inc. Java is a
registered trademark of Sun Microsystems, Inc. in the U.S. and other countries.
CONTACT: Asia, Kazunori Takahashi of ACCESS Co., Ltd. Japan, +81-(3)-5259-3685,
or prinfo@access.co.jp; of Europe, Claudia Hoeck, of ACCESS Systems Europe GmbH,
49-(208)-8290-6432, or hoeck@access-sys-eu.com; or US, Manuel Morales of ACCESS
Systems America, Inc., +1-510-438-7708, or mmorales@access-us-inc.com; or
Anne-miek Hamelinck of Bite Communications, +1-415-614-3622, or
annemiek.hamelinck@bitepr.com, for ACCESS Systems America, Inc.
SOURCE ACCESS Systems America, Inc.
CONTACT: Asia, Kazunori Takahashi of ACCESS Co., Ltd. Japan,
+81-(3)-5259-3685, or prinfo@access.co.jp; of Europe, Claudia Hoeck, of
ACCESS Systems Europe GmbH, 49-(208)-8290-6432, or hoeck@access-sys-eu.com; or
US, Manuel Morales of ACCESS Systems America, Inc., +1-510-438-7708, or
mmorales@access-us-inc.com; or Anne-miek Hamelinck of Bite Communications,
+1-415-614-3622, or annemiek.hamelinck@bitepr.com, for ACCESS Systems America,
Inc.
URL: http://www.sanyo.com
http://www.sanyowireless.com
http://www.access-us-inc.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: California
Japan
INDUSTRY KEYWORD: CPR
CSE
HRD
MLM
NET
TLS
SUBJECT CODE: LIC
(Wall Street)
Daniel Nieves
BRIEFING - ASIA TELECOMMUNICATIONS - JAN 27, 2003
Jan 27, 2003 (AsiaPulse via COMTEX) -- An executive briefing on the
telecommunications industry for Jan 27, 2003, prepared by Asia Pulse
(http://www.asiapulse.com), the real-time, asia-based wire with exclusive news,
commercial intelligence and business opportunities.
INDONESIA'S PT TELKOMSEL TO EXPAND NETWORK
JAKARTA - The country's largest cellular phone operator, PT Telkomsel, said 70
per cent of its investment target of US$500 million this will be used for
network expansion.
Company president Mulia Tambunan said the expansion plan is part of the
company's program to increase the number of its subscribers by 2.5 mllion to 3
million this year.
LG INTRODUCES DUAL-BAND DUAL-MODE CELL PHONE IN WORLD FIRST
SEOUL - LG Electronics Inc. (KSE:66570) announced Monday it has introduced a
dual-band dual-mode (DBDM) mobile phone which uses both the Wideband-Code
Division Multiple Access (W-CDMA) and cdma2000 1x for connection, for the first
time in the world.
LGE said the new phone LG-K8100 has 2.2-inch TFT-LCD (thin film
transistor-liquid crystal display) with 260,000 color pixels and a built-in
300,000 pixel camera.
TELLABS TO EXPAND HEADCOUNT BY 25 PCT IN INDIA
NEW DELHI - Expanding its Indian operations, US based telecom equipment company
Tellabs is planning to ramp up its headcount in India specifically in the sales
by 25 per cent during 2003.
"Our current expansion plans include increasing our sales personnel by 25 per
cent from the current 20 in the year 2003, John T Cole, vice president and MD,
Asia Pacific, Tellabs told PTI here.
(C) 2003 Asia Pulse Pte Ltd
-0-
INDUSTRY KEYWORD: Telecommunications
Asia Telecommunications
(Wall Street)
Daniel Nieves
Nokia eyes CDMA handset dominance as Q4 profit doubles
RELATED SYMBOLS: (NOK)
Jan 27, 2003 (Datamonitor via COMTEX) -- Nokia Corp has revealed its desire to
dominate the market for CDMA handsets in the same way that it has cornered that
for GSM terminals.
Speaking at a news conference in Helsinki, Finland to announce the company's
fourth quarter 2002 financial results, Nokia CEO Jorma Ollila said the Espoo,
Finland-based telecoms equipment giant expects to start building its share of
the CDMA handset space this year from an estimated 10% at present towards a
medium-term percentage in line with its global market share.
Net profit for the quarter was 1.0bn euros ($1.1bn), up 132.4% on the year-ago
period, on total sales up 1% at 8.8bn euros ($9.4bn). Net profit for the full
year also grew. It rose 53.7% to 3.4bn euros ($3.6bn) on sales down 3.8% at 30bn
euros ($32.2bn).
Nokia currently controls about 38% of the total global handset market, although
the bulk of this figure derives from its highly successful GSM/GPRS terminal
business rather than from CDMA handsets.
Nokia's renewed interest in CDMA is no doubt related to the global increase in
3G mobile networks based on the Qualcomm-originated technology.
With CDMA networks expected to grow to around 25% of the worldwide handset
opportunity by 2005 - propelled by adoption in Korea and China and helped by the
delayed roll-out of networks based on GSM's natural successor WCDMA - Nokia
needs to build its portion of the space to maintain its overall market position.
However, while the company is continually increasing its CDMA handset range, the
market remains hard to crack. Qualcomm controls the patents, and handsets must
be configured correctly for each operator.
Nokia's opportunities to grow its overall market share must also be limited
given the number of players now active in the global handset business and is key
to Nokia, which is more dependent on handset sales than its closest rivals,
Motorola, Samsung Electronics and Siemens.
Nonetheless, the company reported record unit volume of 152 million units in
2002, an increase of 9% compared with 2001, and Ollila is forecasting handset
sales to increase around 9% year-on-year over the next 12 months, despite some
softness in the market in the first quarter.
The Nokia Mobile Phones division accounted for 76% of sales in the three months
to December 31, 2002, well ahead of its Nokia Networks business, which made up a
further 23.5% of revenue.
Nokia Networks sales grew 6% in the quarter, aided by the company's ongoing
restructuring, and Ollila said there are no plans for significant layoffs in the
unit, despite the continued slump in the wireless infrastructure market and its
low profitability relative to the handset division.
Source: Computerwire
URL: http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
Copyright (C) 2003 Datamonitor. All rights reserved
-0-
SUBJECT CODE: Nokia Corporation
(Wall Street)
Daniel Nieves
OT:Canon wins patent-infringement lawsuit
against Pelikan Hardcopy in Germany
TOKYO, January 17, 2003 — The Düsseldorf District Court in Germany ruled on January 16 (German standard time) in favor of Canon Inc. in a patent-infringement lawsuit filed against Pelikan Hardcopy Deutschland GmbH* and Pelikan Hardcopy European Logistics & Services GmbH*.
Alleging that Pelikan Hardcopy's marketing of several ink-jet printer cartridges for use in Canon-brand ink-jet printers infringed Canon patents, Canon instituted legal proceedings calling for a permanent injunction against any further distribution and marketing by Pelikan Hardcopy of the infringing cartridges, as well as the disposal of all remaining inventories and compensation of damages.
In the ruling the court acknowledged in full Canon's claim that Pelikan Hardcopy infringed Canon intellectual property rights and issued an injunction preventing Pelikan Hardcopy from the further distribution and sale of the infringing cartridges. The amount of compensation Pelikan Hardcopy is to pay Canon for related damages will be determined in the future.
Canon has made a substantial investment in the research, development, manufacture and marketing of its products over the years and views the Düsseldorf District Court's judgment as a validation of the company's intellectual property rights protecting the technology it has realized over this period. Canon, as one of its fundamental tenets, has always held the intellectual property rights of other companies in the highest esteem and expects, as a matter of due course, reciprocity from other companies.
* Pelikan Hardcopy Deutschland GmbH and Pelikan Hardcopy European Logistics & Services GmbH are independent of the Pelikan quality fountain pen company.
Daniel Nieves
ot: GE Jim,
Posted by: ams13sag
In reply to: None
Date:1/24/2003 3:45:45 PM
Post #of 5508
Hillard Lyon Report.
Bought a copy of the report.
Very interesting.
AMS
Daniel Nieves
rockitt, Re: FEB.14 date...nice long weekend......remember that monday is a holiday.
dan
Daniel Nieves
Invitation to press and analyst conference for Ericsson's fourth quarter
RELATED SYMBOLS: (ERICY)
Jan 24, 2003 (Hugin via COMTEX) -- Ericsson's financial report will be released
at approximately 7:30 a.m. Central European Time (CET) on February 3, 2003.
The press conference will begin at 9.00 a.m. CET at Ericsson, Telefonvagen 30,
Stockholm. Ericsson's CEO Kurt Hellstrom will comment on the results and take
questions. The press conference is open for journalists and analysts. A live
audio webcast of the press conference will be available on the Internet at
http://www.ericsson.com/investors and http://www.ericsson.com/press. Ericsson's
CEO Kurt Hellstrom and CFO Sten Fornell will also comment on the results and
answer questions during a conference call for financial analysts and investors
beginning at 3:00 p.m. CET (2:00 p.m. UK time, 9:00 a.m. Eastern Time U.S. and
11:00 p.m. local time Japan). Please call in at least 15 minutes before the
conference call begins. In light of the usual high number of callers, it might
take some time before you get connected. A live audio webcast of the conference
call will be available on the Internet at http://www.ericsson.com/investors and
http://www.ericsson.com/press. CALL-IN NUMBERS FOR THE CONFERENCE CALL ARE:
European call-in number: +44 5 256 0299 Emergency back-up number: +44 5 256 0298
U.S. and International call-in number: +1 706 643 0382 REPLAY: A replay of the
conference call will be available approximately one hour after the completion of
the conference call until 11:00 midnight CET February 7. European replay number:
+44 5 255 0000 Participants will need to enter the conference ID number 7520872.
U.S. and International replay number: +1 706 645 9291 Participants will need to
enter the conference ID number 7520872. On-demand webcasts of the press
conference and the conference call with visual support will become available on
the Internet at http://www.ericsson.com/investors and
http://www.ericsson.com/press during the day.
Ericsson is shaping the future of Mobile and Broadband Internet communications
through its continuous technology leadership. Providing innovative solutions in
more than 140 countries, Ericsson is helping to create the most powerful
communication companies in the world. Read more at http://www.ericsson.com/press
FOR FURTHER INFORMATION, PLEASE CONTACT Media External Relations Ericsson
Corporate Communications (Sweden) Phone: +46 8 719 6992 E-mail:
press.relations@lme.ericsson.se Investors Anna Dimert, Program Manager, Investor
Relations Ericsson Corporate Communications (Sweden) Phone: +46 8 719 4414
E-mail: investor.relations@lme.ericsson.se Nathalie Mozdiniewicz, Program
Coordinator, Investor Relations Ericsson Inc. (US) Phone: +1 212 843-8449
E-mail: investor.relations@ericsson.com
Copyright (c) 2003, HUGIN AS. All rights reserved.
-0-
SUBJECT CODE: Finance
(Wall Street)
Daniel Nieves
QUALCOMM Marks Wireless Advancements in the Five Years Since Super Bowl
RELATED SYMBOLS: (QCOM)
SAN DIEGO, Jan 23, 2003 /PRNewswire-FirstCall via COMTEX/ -- With the kickoff
of Super Bowl XXXVII a few days away, QUALCOMM Incorporated (Nasdaq: QCOM),
pioneer and world leader of Code Division Multiple Access (CDMA) digital
wireless technology, today highlighted the growth in the CDMA global market and
San Diego's telecommunications industry in San Diego since the last time the
Super Bowl was played in San Diego at QUALCOMM Stadium. In the five years since
QUALCOMM Stadium was the first corporate-named stadium to host the big game, the
Company has seen significant advancements in development and adoption of CDMA
technology, including the deployment of third-generation (3G) wireless services.
In January 1998, there were nearly eight million second-generation CDMA
subscribers in seven countries (source: EMC) and CDMA2000 had been submitted to
the International Telecommunications Union (ITU) as part of the IMT-2000 process
for global third-generation (3G) standards. As of today, there are more than 142
million CDMA subscribers worldwide in 52 countries (source: EMC, 12/02).
Additionally, 35 operators in 17 countries have already launched 3G CDMA
services, providing over 27 million reported 3G subscribers with a compelling
and enriched wireless voice and data experience, including color screens,
feature-rich handsets that enable multimedia and position location services.
In 2002, two nationwide 3G networks were launched in the U.S. by Verizon
Wireless and Sprint; China Unicom launched a nationwide CDMA network in the
People's Republic of China; SK Telecom launched high-speed wireless data
services with CDMA2000 1xEV-DO in South Korea; QUALCOMM's BREW platform was
deployed by three U.S. carriers and reached more than 3.2 million users
worldwide; and Monet Mobile launched the first commercial CDMA2000 1xEV-DO
network in the U.S. QUALCOMM had also shipped a cumulative total of over 820
million chips by the end of December 2002.
"We're excited to have the Super Bowl back at QUALCOMM Stadium this year, and
we're excited about the developments that have occurred in the wireless industry
since 1998," said Jeffrey K. Belk, senior vice president of marketing for
QUALCOMM. "Five years ago, QUALCOMM's marketing efforts surrounding Super Bowl
supported generating awareness around the QUALCOMM name, and generating demand
for QUALCOMM phones. In 2003, although we no longer have a consumer- facing
mobile handset business, we can point to the rapid pace of 3G device innovations
and carrier commercial launches of new 3G services as evidence of the growing
demand for advanced wireless solutions based on CDMA technology. We're also
pleased to see significant growth in San Diego's telecom industry in the past
five years, with a near doubling of employees of telecommunications companies
and the highest concentration of telecommunications firms in the nation."
As the developer and leader in the commercialization of CDMA, QUALCOMM has
helped spearhead San Diego's growth into a thriving entrepreneurial center --
encouraging the creation of small, high-tech companies and attracting large
technology companies to the region. Through an expanding local technology
industry -- including tremendous growth in the wireless category -- San Diego
has been transformed into a high-tech powerhouse, marked by international
centers for biotechnology, communications, software and scientific research. In
1998, the telecom industry had 15,000 employees in San Diego. That figure has
more than doubled in five years, increasing to 39,000 (source: San Diego Telecom
Council). San Diego's communications cluster is projected to grow by 75 percent
between 1998 and 2006 (source: Applied Development Economics).
Highlighting industry advancements and promoting education in San Diego,
QUALCOMM's major initiatives surrounding Super Bowl XXXVII include:
QUALCOMM's NFLA Tech for Kids Program: Together with NFL Alumni and
corporate partners, QUALCOMM's NFLA Tech for Kids program presented Mann
Middle School with the latest computer and technology equipment to outfit
the school's computer lab and support high-technology education programs.
Technology Touchdown Contest: Two San Diego high school students were
declared winners and each received a $5,000 college scholarship, $10,000
for his school's math and science departments and a pair of tickets to
the big game for their innovative and creative wireless technology
contest submission.
QUALCOMM International Media Party: QUALCOMM is the title sponsor of
this NFL-sanctioned event for international members of the credentialed
media who have traveled to San Diego to cover the big game.
San Diego Super Symphony: The program will salute the local arts scene,
with the San Diego Symphony backing some of the most preeminent local
blues talent. An NFL Video Highlights piece showing highlights and
bloopers from past Super Bowl games will be accompanied by an original
score of orchestral and jazz trio music.
3G Press Briefing: QUALCOMM held a press briefing today at the Lodge at
Torrey Pines, San Diego. Leading global wireless service providers
discussed the industry's achievements and outlook for CDMA in 2003.
QUALCOMM has received significant visibility from its contribution to the city
of San Diego in 1997 to complete the expansion of the stadium in exchange for
naming rights until 2017. QUALCOMM's involvement ensured the completion of the
necessary stadium upgrades making QUALCOMM Stadium a premier sports and event
facility, and ensuring San Diego's status as a major league city. QUALCOMM
Stadium is home for San Diegans and their teams: the Padres, Chargers and the
San Diego State University Aztecs. San Diego has previously hosted Super Bowls
XXII in 1988 and XXXII in 1998 at the stadium.
QUALCOMM Incorporated ( www.qualcomm.com ) is a leader in developing and
delivering innovative digital wireless communications products and services
based on the Company's CDMA digital technology. Headquartered in San Diego,
Calif., QUALCOMM is included in the S&P 500 Index and 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 30, 2002 and most recent Form 10-Q.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. All other
trademarks are the property of their respective owners.
For further information, please contact: Christine Trimble, Corporate Public
Relations, +1-858-651-3628, or fax, +1-858-651-5873,
publicrelations@qualcomm.com, or Julie Cunningham, Investor Relations,
+1-858-658-4224, or fax, +1-858-651-9303, jcunningham@qualcomm.com, both of
QUALCOMM Incorporated.
SOURCE QUALCOMM Incorporated
CONTACT: Christine Trimble, Corporate Public Relations, +1-858-651-3628,
or fax, +1-858-651-5873, publicrelations@qualcomm.com, or Julie Cunningham,
Investor Relations, +1-858-658-4224, or fax, +1-858-651-9303,
jcunningham@qualcomm.com, both of QUALCOMM Incorporated
URL: http://www.qualcomm.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: California
INDUSTRY KEYWORD: CPR
TLS
CSE
MLM
SPT
(Wall Street)
Daniel Nieves
Iusacell fires up CDMA2000 1X network
RELATED SYMBOLS: (LU)
Mexico, Jan 23, 2003 (BNamericas.com via COMTEX) -- Mexican mobile operator
Iusacell (NYSE: CEL) announced Thursday the commercial launch of the country's
first CDMA2000 1xRTT voice and high-speed data network, using equipment,
software and services from US-based Lucent (NYSE: LU).
The 3G network allows Iusacell to increase its voice capacity and offer
subscribers new data services such as high-speed instant messaging, e-mail and
Internet access at speeds of up to 144kbps, the company said in a statement.
Iusacell also will be able to offer businesses mobile office capabilities and
applications designed to meet the needs of specific mobile users such as field
sales and service personnel.
Lucent upgraded Iusacell's existing Lucent-supplied base stations with CDMA2000
1X channel cards and software, and also provided software upgrades for
Iusacell's mobile switching centers to enable these advanced services.
Iusacell subscribers in Mexico will be able to access the high-speed network
with CDMA2000 1X-enabled devices or personal digital assistants (PDAs) and
laptop PCs equipped with CDMA2000 1X PC cards.
Iusacell operates in seven of Mexico's nine regions, including Mexico City,
Guadalajara, Monterrey, Tijuana, Acapulco, Puebla, Leon and Merida. Its service
regions encompass 91 million POPs or 90% of the country's total population.
Iusacell is owned 37.2% by Verizon Communications (NYSE: VZ) and 34.5% by
Vodafone Group (NYSE: VOD).
URL: http://www.bnamericas.com
(C) Copyright 1996 - 2001 Business News Americas Ltda. All rights reserved.
-0-
KEYWORD: Mexico
SUBJECT CODE: Internet/Data
(Wall Street)
Daniel Nieves
Iusacell and Lucent Technologies Launch Mexico's Premier Third-Generation
RELATED SYMBOLS: (LU)
MEXICO CITY, Jan 23, 2003 /PRNewswire-FirstCall via COMTEX/ -- Grupo Iusacell,
S.A. de C.V. (Iusacell) (NYSE: CEL; BMV: CEL), a leading digital wireless
telecommunications operator in Mexico, today announced the commercial launch of
the country's first CDMA2000 1X voice and high-speed data network using
equipment, software and services from Lucent Technologies (NYSE: LU).
With this third-generation (3G) network, Iusacell can significantly increase its
voice capacity and offer subscribers new data services such as high-speed
instant messaging, e-mail and Internet access at speeds of up to 144 kilobits
per second (kbps). Iusacell also will be able to offer enterprises mobile office
capabilities and applications designed to meet the needs of specific mobile
users such as field sales and service personnel.
"We are extremely pleased to be able to provide our customers with the first
major high-speed wireless data service in Mexico," said Carlos Espinal, CEO of
Iusacell. "The new 3G CDMA2000 network launched today will enable us to
efficiently increase our voice capacity and introduce compelling new services to
our high-value customers."
Lucent upgraded Iusacell's existing Lucent-supplied base stations with CDMA2000
1X channel cards and software, and also provided software upgrades for
Iusacell's mobile switching centers to enable these advanced services. Lucent
also supplied its NavisRadius(TM) 4.0 AAA (authentication, authorization and
accounting) server software to manage secure network access and usage. Lucent
Worldwide Services performed installation and integration services for the
CDMA2000 1X network.
"We are proud to work with Iusacell as they remain at the forefront of mobile
communications in Mexico by launching this 3G network," said Victor Agnellini,
vice president of mobility sales, Lucent Technologies Latin America. "While
providing Iusacell with significant investment protection by taking advantage of
its existing infrastructure and radio frequency spectrum at 850 MHz, our 3G
CDMA2000 solutions allow Iusacell to deliver high-speed data capabilities to
businesses and consumers."
Iusacell subscribers in Mexico will be able to access the high-speed network
with CDMA2000 1X-enabled devices or personal digital assistants (PDAs) and
laptop PCs equipped with CDMA2000 1X PC cards.
CDMA2000 is an advanced and efficient wireless technology being introduced
worldwide and an international 3G standard established by the International
Telecommunications Union (ITU). CDMA2000 cost-effectively evolves a multitude of
network technologies to support 3G services.
Lucent's Mobility Solutions Group is a leading global provider of mobile
networking technologies, having deployed more than 70,000 spread-spectrum base
stations for mobile operators worldwide.
About Iusacell
Grupo Iusacell, S.A. de C.V. (Iusacell, NYSE: CEL; BMV: CEL) is a wireless
cellular and PCS service provider in seven of Mexico's nine regions, including
Mexico City, Guadalajara, Monterrey, Tijuana, Acapulco, Puebla, Leon and Merida.
The Company's service regions encompass a total of approximately 91 million
POPs, representing approximately 90% of the country's total population. Iusacell
is under the management and operating control of subsidiaries of Verizon
Communications Inc. (NYSE: VZ).
About Lucent Technologies
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and
delivers networks for the world's largest communications service providers.
Backed by Bell Labs research and development, Lucent relies on its strengths in
mobility, optical, data and voice networking technologies as well as software
and services to develop next-generation networks. The company's systems,
services and software are designed to help customers quickly deploy and better
manage their networks and create new, revenue-generating services that help
businesses and consumers. For more information on Lucent Technologies, visit its
Web site at http://www.lucent.com.
SOURCE Lucent Technologies
CONTACT: Marco Malfavon of Lucent Technologies - Latin America,
+1-954-885-2810, mmalfavon@lucent.com; or Ichiro Kawasaki of Lucent
Technologies - U.S., +1-973-386-3479, kawasaki@lucent.com
URL: http://www.lucent.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Mexico
New Jersey
INDUSTRY KEYWORD: TLS
CPR
NET
STW
SUBJECT CODE: PDT
(Wall Street)
Daniel Nieves
JV to develop China's first 3G mobile handset
RELATED SYMBOLS: (PHG)
China, Jan 23, 2003 (ChinaOnline via COMTEX) -- (22 January 2003) Datang Mobile
Communications Equipment Co., the developer of China's third-generation (3G)
mobile technology, announced on Monday a joint venture with the Royal Philips
Electronics and Samsung Electronics to develop a 3G cellphone.
The venture, T3G Technology Co., aims to launch China's first commercial 3G
handset in 2004, said CEO Johan Pross at a news conference in Beijing Tuesday.
T3G Technology will provide handset makers and designers with complete solutions
including reference design, hardware and software to speed up the
commercialization of TD-SCDMA, the Chinese 3G standard, Pross said.
The availability of the T3G reference design will speed up the development of
cost-effective dual-mode TD-SCDMA/GSM handsets in China, which will help ease
mobile operators' migration from second to third-generation networks, said Tang
Ruan, Datang's chief operating officer.
Datang and Philips will each hold 40 percent and Samsung 20 percent of the
venture, with an initial investment estimated at tens of millions of U.S.
dollars, Tuesday's Beijing Qingnian Bao (Beijing Youth Daily) quoted Tang as
saying.
He added that Datang will develop the core technology for the new cellphone,
Philips will focus on chip design and Samsung will be in charge of the overall
product development.
For more information on China's telecom industry, see the IT/Telecom section of
ChinaOnline's eBookstore.
Copyright (C) ChinaOnline, 2003. All Rights Reserved
-0-
SUBJECT CODE: Telecom
(Wall Street)
Daniel Nieves
IFITT: Telecoms speakers sign up to ENTER 2003 Telecommunications experts
RELATED SYMBOLS: (NOK)
Jan 23, 2003 (M2 PRESSWIRE via COMTEX) -- Speakers from some of the world's
foremost telecommunications companies have signed up to appear at this month's
ENTER 2003 conference in Helsinki (29-31 January 2003), conference organisers
IFITT (International Federation for IT and Travel & Tourism) announced today.
Figures from Nokia, Toshiba, Add2Phone, and First Hop will speak about the
global m-travel revolution and consumers' growing desire to make bookings and
obtain local information while on the move.
The spotlight for this year's ENTER conference will be how travel providers,
intermediaries and tourism boards can profit from the next generation of mobile
applications, with Helsinki's position as the centre of the global mobile
technology industry a key factor behind IFITT's decision to choose the city as
its conference venue. Called 'Technology on the Move', ENTER 2003 will spotlight
technologies that support the 'always-on' society of people who require
real-time interaction with tourism enterprises and destinations.
Willem Poterman, Toshiba Europe general manager of computer systems European
marketing division will focus on mobile operators; Niklas Lyback, Nokia Networks
business development manager, will look at public wireless local area networks
(LAN); Vesa-Matti Paananen, Add2Phone Ltd co-founder and chief technology
officer will speak about Multimedia Messaging Services (MMS) as a new medium,
and Janne Kalliola, First Hop product development director, looks at the
development of MMS.
IFITT (www.ifitt.org), is the world's leading think tank on IT in the global
travel and tourism industry. The organisation has announced a record speaker
line-up for ENTER 2003 (www.ifitt.org/enter), the world's foremost travel
technology conference, and an event which has attracted a turnout of over 500
delegates for the past three years.
Keynote speakers also include the European Commissioner for Information Society
and Enterprise Erkki Liikanen; Dawid de Villiers, Deputy Secretary General of
the World Tourism Organization and Graham Wason, Vice President of the World
Travel and Tourism Council.
Said IFITT's president Josef G. Margreiter, CEO of the Tirol Werbung Group &
Tourist Board: "M-travel is predicted to be the next revolution in travel
technology. ENTER 2003 will go to the heart of how travel providers will sell in
future to the mobile customer. Waiting for the customer to come to you is no
longer enough. ENTER has grown from strength to strength and every year we have
attracted a growing number of top speakers and delegates from around the world.
This year's line-up is our best ever, and we expect a huge turnout from across
the global travel and tourism industries."
At the event - the 10th annual ENTER conference - a total of over 100
presentations will be delivered at Helsinki's Finlandia Hall during the
conference's three days of sessions, organised into three tracks focusing on
research, industry issues and destinations. These will include the latest
developments in 10 current European Commission projects together with the
publication of over 60 cutting edge research papers.
Solutions to be featured at the event include internet access across mobile
devices and 3G applications, and Location Based Services (LBS), enabling travel
providers to send information to mobile users based on their geographic
location, offering users visually-rich, internet-style content direct to their
handset.
ENTER 2003 will be chaired by Dimitrios Buhalis, IFITT vice-president and Course
Leader of the MSc in eTourism at the University of Surrey and Inkeri Starry, of
IFITT Finland. Andrew Frew of Queen Margaret University College, Alison Dombey
of Partners in Marketing and Anna Pollock of Desticorp are the research,
industry and destination track chairs respectively.
The event also features a full social programme with pre-and post-conference
tours to Lapland and extensive networking opportunities, with a record delegate
turnout expected.
Headquartered in Innsbruck, Austria, IFITT operates regional chapters in
Australasia, North America and Scandinavia, each one dedicated to addressing
issues specific to that region.
CONTACT: Inkeri Starry, ENTER 2003 Organisation Chair, c/o Finnish Tourist Board
Tel: +358 (0) 9 417 69 11 e-mail: inkeri.starry@mek.fi Katrina Walker, Senior
Account Manager, Rooster Tel: +44 (0)20 7691 3939 e-mail:
katrina.walker@rooster.co.uk WWW: http://www.rooster.co.uk Daniel Johnson,
Senior Account Executive, Rooster Tel: +44 (0)20 7691 3939 e-mail:
daniel.johnson@rooster.co.uk WWW: http://www.rooster.co.uk
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD
-0-
(Wall Street)
Daniel Nieves
Wireless Earnings Propel Tech Sector
RELATED SYMBOLS: (QCOM)(NOK)(TXN)(ERICY)
Ridgeland, MS, JAN 23, 2003 (EventX/Knobias.com via COMTEX) -- Texas
Instruments Incorporated (NYSE: TXN), QUALCOMM Incorporated (NasdaqNM: QCOM),
Nokia Corporation ADS (NYSE: NOK), and LM Ericsson Telephone Co (NasdaqNM:
ERICY) are trading higher.
TXN doubled the Q4 consensus estimate with a pro forma $0.06 per share. The
Company told investors it expected more of the same in the first quarter of
2003.
QCOM reported $0.42 in its first quarter, 4 cents ahead of the Street. For Q2,
QCOM sees MSM chip shipments growing 93% year over year.
NOK earned a pro forma 0.26 euro in Q4; 0.03 above the Street.
ERICY is simply along for the ride.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been
delayed by 10 minutes. To get all Knobias alerts in real-time daily, visit
http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a financial information provider serving retail
investors and trading professionals. Knobias collects and maintains real-time
and historical market intelligence on all U.S. securities, with special emphasis
on Over-the-Counter (OTC) stocks. Knobias provides customers with two core
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alerts daily. RAiDAR alerts include real-time news, filings, trading alerts,
earnings alerts, coverage alerts and critical corp actions.
KNOBIAS DISCLAIMER: Knobias has received no compensation from the Company or
Companies mentioned in this story. Knobias is not a registered broker-dealer,
nor investment advisor, and does not endorse or recommend any securities
mentioned. This story is provided for informational purposes only and is not
intended for trading purposes. Knobias shall not be liable for any actions taken
in reliance of any information provided herein. Republication or redistribution
of Knobias content is expressly prohibited without prior written consent of
Knobias.com, LLC.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2002 Knobias.com, LLC, All rights reserved.
-0-
SUBJECT CODE: Earnings Release
(Wall Street)
Daniel Nieves
TD-SCDMA Dual-Mode Mobile Phone to Come into Use in Summer
BEIJING, Jan 23, 2003 (SinoCast via COMTEX) -- Tang Ru'an, CEO of Datang Mobile
Communications Co., Ltd., expresses that after granted the mobile communications
license of 3G, the company will push dual-mode mobile phone chips compatible
with GSM and TD-SCDMA in July or August 2003, and will complete the design of
dual-mode mobile phones.
This time Datang assigns STM to produce the chips of TD-SCDMA. Phillips and
Samsung are both TD-SCDMA chips producers.
TD-SCDMA is China's first mobile communications standard with its own
intellectual property right. This standard has been approved and accepted by
International Telecom Union as one of third 3G standards, the others are WCDMA
of Europe, and CDMA2000 of America.
From Source: Beijing Evening Post page 2, Wednesday, January 22, 2003
info@SinoCast.Com
Copyright (C) 2003 SinoCast, All rights reserved
-0-
KEYWORD: BEIJING
INDUSTRY KEYWORD: Marketing
Investment
SUBJECT CODE: Computers, Telecom and Information Technology
(Wall Street)
Daniel Nieves
Nokia Achieves Excellent Profitability and Continued High Cash Flow In 4Q
RELATED SYMBOLS: (NOK)
HELSINKI, Finland, Jan 23, 2003 (BUSINESS WIRE) -- Nokia (NYSE:NOK)--
Fourth quarter 2002 compared with fourth quarter 2001:
- Net sales increased 1% to EUR 8 843 million (EUR 8 788 million
in 4Q 2001)
- Pro forma operating profit increased by 4% to EUR 1 655
million (EUR 1 589 million); pro forma operating margin was
18.7% (18.1%)
- Pro forma adjustments for 4Q 2002 were EUR 189 million,
consisting of:
- Goodwill impairments of EUR 182 million
- Goodwill amortization of EUR 48 million
- Recovery of MobilCom receivables of EUR 41 million
- Pro forma net profit increased by 8% to EUR 1 247 million (EUR
1 153 million)
- Pro forma earnings per share (diluted) increased to EUR 0.26
(EUR 0.24)
- Reported operating profit increased by 72% to EUR 1 466
million (EUR 853 million)
- Reported net profit increased by 132% to EUR 1 046 million
(EUR 450 million) and reported earnings per share (diluted)
increased to EUR 0.22 (EUR 0.09)
- Pro forma and Reported operating profit included a net gain of
EUR 87 million from Nokia Venture Partners investments within
Nokia Ventures Organization.
Full year 2002 compared with full year 2001:
- Net sales decreased 4% to EUR 30 016 million (EUR 31 191
million in 2001)
- Pro forma operating profit increased by 3% to EUR 5 420
million (EUR 5 237 million); pro forma operating margin
increased to 18.1% (16.8%)
- Pro forma adjustments for 2002 were EUR 640 million (EUR 1 875
million)
- Pro forma net profit increased by 4% to EUR 3 948 million (EUR
3 789 million)
- Pro forma earnings per share (diluted) increased to EUR 0.82
(EUR 0.79)
- Reported operating profit increased by 42% to EUR 4 780
million (EUR 3 362 million)
- Reported net profit increased by 54% to EUR 3 381 million (EUR
2 200 million) and reported earnings per share (diluted)
increased to EUR 0.71 (EUR 0.46)
- At year-end, the net cash position increased to EUR 8.8
billion (EUR 5.1 billion) and the net debt-to-equity ratio
(gearing) was -61% (-41%)
Nokia's Board of Directors will propose a dividend of EUR 0.28 per share in
respect of 2002.
JORMA OLLILA, CHAIRMAN AND CEO
During 2002, we again succeeded in translating our strong brand, product
offering, industry-leading execution and operational efficiency into highly
profitable results. While the world economy had an inevitable impact on Nokia's
topline growth, our overall profitability and market position were excellent and
we ended the year with our highest ever net cash position of EUR 8.8 billion.
In mobile phones, we saw record sales volumes of 46 million units in the fourth
quarter and our highest ever market share, an estimated 39%, as well as
continued high profitability. We also shipped a record number of 33 new products
for the full year. In 2002, I was very pleased with the uptake of the Series 60
platform, which has fast become the leading platform for smart phones.
As the mobile market moves further into this new phase of advanced features and
services, driven by color screens, imaging, messaging and mobile games, we see
Nokia at the forefront with its expanding product range and scope.
NOKIA 4Q and 2002 - PRO FORMA
(excludes goodwill amortization and non-recurring items)
----------------------------------------------------------------------
EUR million 4Q/2002 4Q/2001 Change 2002 2001 Change
(%) (%)
----------------------------------------------------------------------
Net sales 8 843 8 788 1 30 016 31 191 -4
Nokia Mobile Phones 6 742 6 710 23 211 23 158
Nokia Networks 2 084 1 957 6 6 539 7 534 -13
Nokia Ventures
Organization 107 142 -25 459 585 -22
Operating profit 1 655 1 589 4 5 420 5 237 3
Nokia Mobile Phones 1 665 1 479 12 5 293 4 648 14
Nokia Networks 19 254 -93 416 1 073 -61
Nokia Ventures
Organization 59 -61 -59 -327
Common Group
Expenses -88 -83 -230 -157
Operating margin (%) 18.7 18.1 18.1 16.8
Nokia Mobile Phones
(%) 24.7 22.0 22.8 20.1
Nokia Networks (%) 0.9 13.0 6.4 14.2
Nokia Ventures
Organization (%) 55.1 -43.0 -12.9 -55.9
Financial income and
expenses 52 45 16 156 125 25
Profit before tax and
minority interests 1 707 1 631 5 5 557 5 350 4
Net profit 1 247 1 153 8 3 948 3 789 4
EPS, EUR
Basic 0.26 0.24 8 0.83 0.81 2
Diluted 0.26 0.24 8 0.82 0.79 4
NB: All pro forma 4Q and 2002 figures can be found in the tables on
pages 7-9 and 14-18. A reconciliation of the pro forma figures to our
reported results can be found in the tables on page 9.
NOKIA 4Q and 2002 - REPORTED
----------------------------------------------------------------------
EUR million 4Q/2002 4Q/2001 Change 2002 2001 Change
(%) (audited) (audited) (%)
----------------------------------------------------------------------
Net sales 8 843 8 788 1 30 016 31 191 -4
Nokia Mobile
Phones 6 742 6 710 23 211 23 158
Nokia Networks 2 084 1 957 6 6 539 7 534 -13
Nokia Ventures
Organization 107 142 -25 459 585 -22
Operating profit 1 466 853 72 4 780 3 362 42
Nokia Mobile
Phones 1 642 1 457 13 5 201 4 521 15
Nokia Networks -82 -73 -12 -49 -73
Nokia Ventures
Organization -6 -374 -141 -855
Common Group
Expenses -88 -157 -231 -231
Operating margin
(%) 16.6 9.7 15.9 10.8
Nokia Mobile
Phones (%) 24.4 21.7 22.4 19.5
Nokia Networks
(%) -3.9 -3.7 -0.7 -1.0
Nokia Ventures
Organization
(%) -5.6 -263.4 -30.7 -146.2
Financial income
and expenses 52 45 16 156 125 25
Profit before tax
and minority
interests 1 518 895 70 4 917 3 475 41
Net profit 1 046 450 132 3 381 2 200 54
EPS, EUR
Basic 0.22 0.10 120 0.71 0.47 51
Diluted 0.22 0.09 144 0.71 0.46 54
NB: All reported 4Q and 2002 figures can be found in the tables on
pages 7-9 and 14-18 in the complete release available at:
http://www.nokia.com/investor/2002/4Q/index.html
Implementation of the new organizational structure in Nokia Mobile Phones has
also been proceeding steadily throughout the year, bringing with it a fresh
entrepreneurial spirit and commitment to growth.
In the overall handset market for 2002, we were pleased to see a return to
volume growth, with Nokia's own share rising for the fifth consecutive year to
an estimated 38% for the full year. We intend to make further market share gains
during the current year.
For the fourth quarter, Nokia Networks reached the relevant milestones for its
dual-mode 3G systems. Furthermore, we were pleased to start operator shipments
of our first WCDMA imaging phone, the Nokia 6650, while the first
Nokia-delivered WCDMA network was successfully launched in Japan. This is clear
evidence that the industry is moving on track towards early commercial WCDMA
launches in the first half of 2003.
The Open Mobile Alliance expanded far beyond all industry expectations from
about 180 founding members in June to include more than 300 leading companies by
the year end. This unprecedented commitment to openness is accelerating the
mass-market take up of new data and value-added services for any device on any
network.
The strength of our full-year performance in a difficult environment speaks
highly for the commitment of the whole Nokia team. My special thanks go to
everyone at Nokia for their contribution and dedication during 2002.
BUSINESS DEVELOPMENTS AND FORECASTS
Nokia's fourth-quarter sales rose by 1% compared with the fourth quarter 2001,
reaching EUR 8.8 billion. Sales for Nokia Mobile Phones were flat year on year,
reaching EUR 6.7 billion, reflecting weaker sales in the Americas, offset by
strong growth in Europe followed by Asia Pacific. In Nokia Networks, sales grew
by 6% to EUR 2.1 billion, including EUR 370 million in 3G dual-mode revenue
recognition and reflecting strong growth in the US, partially offset by weaker
sales in China.
Fourth-quarter pro forma operating profit for the Nokia group reached EUR 1.7
billion, including a net gain of EUR 87 million from Nokia Venture Partners
investments within Nokia Ventures Organization. Fourth-quarter pro forma
operating profit for Nokia Mobile Phones rose by 13% year on year, backed by
Nokia's strong competitive product offering and operational excellence.
Excellent full-year profitability and cash flow on lower sales
Sales declined by 4% year on year for the full year 2002, reaching EUR 30.0
billion. This mainly reflected continuing difficult operating conditions in the
company's network infrastructure business. Full-year sales for Nokia Mobile
Phones remained flat compared with 2001, at EUR 23.2 billion, reflecting good
growth in Europe and Asia Pacific, offset by a sales decline in the Americas. In
addition, handset sales in the second half, while reaching very high volume
growth, tended towards the mass-market end of the product portfolio.
In 2002, Nokia's overall profitability and market position were excellent and
the company ended the year with its highest ever net cash position of EUR 8.8
billion.
Outlook for 1Q 2003
Nokia expects market conditions to remain challenging, and will continue to
build on its industry-leading position, seeking to achieve high profitability as
well as to grow market share in its two main businesses. First-quarter sales for
Nokia Mobile Phones in 2003 are estimated to grow by 0-9% year on year and by
slightly less for the whole group. Sales growth in the second quarter is
estimated to be higher than in the first quarter. Nokia's competitive position
remains strong, and first-quarter pro forma EPS (diluted) is expected to be in
the range of EUR 0.15 and EUR 0.19.
Overall mobile phone market volumes return to growth
According to Nokia's preliminary estimates, the mobile phone market returned to
growth in 2002 with overall market volumes reaching about 405 million units.
This represents growth of more than 5% compared with volumes in 2001 of around
380 million units. Market volume continued to grow year on year in Europe and
Asia Pacific, both rising by about 8%. Demand in the Americas is also estimated
to have grown, by approximately 4%, compared with the previous year. In the
fourth quarter 2002 overall mobile phone market volumes are estimated at about
117 million units. In 2003, the company expects to see total market volumes grow
by 10% or slightly more.
Nokia's own mobile phone volumes reach record levels
In 2002, Nokia volumes reached a record level of 152 million units, representing
faster than market growth of 9%, compared with 2001. Nokia also achieved its
highest ever quarterly volume of 46 million units in the fourth quarter. For the
full year 2002, backed by the company's ongoing product leadership and user
brand preference, Nokia increased its market share for the fifth consecutive
year reaching an estimated 38%, bringing it closer to its targeted 40%.
Mobile networks market contracts during 2002
The mobile communications industry saw significant developments in the
introduction of mobile data services during 2002. However, the combined effects
of a general economic slowdown and high 3G license costs induced most mobile
network operators to focus increasingly on cash flow while cutting back on their
level of capital investments. As a result, the size of the overall mobile
network infrastructure market decreased by approximately 20% compared with the
previous year.
Nokia Networks' accessible market contracted by around 15% during 2002, while
its sales declined by 13%. This resulted in a slight market share increase for
Nokia Networks in the mobile infrastructure market. Nokia does not expect
conditions in this industry to markedly improve during 2003, with its own
accessible market expected to decrease by 5-10%.
Customer financing reduced by more than half
At the end of 2002, outstanding long-term loans to customers totaled EUR 1 056
million (compared with EUR 1 128 in 2001), while guarantees given on behalf of
customers totaled EUR 91 million (EUR 127 million). In addition, Nokia had
financing commitments totaling EUR 857 million (EUR 2 955 million) at the end of
2002. Of the total outstanding and committed customer financing of EUR 2 004
million (EUR 4 210 million), EUR 1 573 million (EUR 3 607 million) related to 3G
networks.
In the fourth quarter, 2002 Nokia finalized the agreement with MobilCom's
shareholder France Telecom pursuant to which the MobilCom loans will be repaid
by France Telecom by issuing subordinated convertible perpetual bonds to be
subscribed by Nokia. The company expects the assignment and subscription to be
closed in March 2003 after MobilCom and France Telecom have received approval
from their supervisory board and shareholder meeting, respectively. The net
negative impact on Nokia of the MobilCom exposure was EUR 265 million. At the
same time the remaining financing commitment to MobilCom of approximately EUR
530 million was terminated.
Nokia sees the current environment as not requiring material increases in
customer financing. During 2002, Nokia reduced its total customer financing and
commitments by EUR 2 206 million.
Global subscriber number continues to grow
In 2002, the company estimates the global subscriber base to have grown to 1 125
million users and projects this number to exceed 1.5 billion users in 2005. In
addition to new subscribers, revenue growth will primarily be driven by MMS,
already launched by around 100 major operators, and other advanced services
based on openness, global roaming and interoperability.
NOKIA MOBILE PHONES IN THE FOURTH QUARTER
During the fourth quarter, Nokia Mobile Phones continued to renew its
industry-leading product portfolio, shipping eight new products incorporating
color, multimedia, e-mail and calendar, as well as polyphonic ring tones.
Stronger CDMA2000 1X offering
Nokia continued to strengthen its CDMA offering with shipments of the company's
second CDMA2000 1X phone, the Nokia 3585, in the US. Nokia also launched and
commenced shipments of the Nokia 8280, its newest CDMA 1X offering for the Latin
American market. In November, Nokia launched its first CDMA2000 1X GPS phone,
the Nokia 3585i, which is expected to start shipping in the US during the first
quarter 2003.
Nine new GSM products launched in 4Q
The company launched nine new GSM products including phones with high-quality
color displays, Java(TM) technology and MMS support in the active, classic,
fashion and premium categories, as well as a mobile entry phone, a new messaging
device, and three new mobile enhancements. The Nokia 6800, with its full
keyboard for managing personal information, text input and messaging was a
highlight.
World's first GSM/EDGE phone
In November, Nokia launched the world's first GSM/EDGE mobile phone. With its
convenient high-speed data transfer, the EDGE-capable Nokia 6200 tri-band phone
brings third-generation speed and services to the user. It is expected to become
commercially available in the Americas during the first quarter 2003.
WCDMA 3G moves to commercial phase
During the quarter, Nokia announced it has passed all regulatory WCDMA and GSM
type approval tests for the Nokia 6650 WCDMA/GSM dual-mode mobile phone and
began deliveries for operator testing in both Europe and Japan. The Nokia 6650,
introduced on 26 September in Helsinki, is the world's first 3GPP compliant
WCDMA/GSM dual-mode phone.
Series 60 smart phone platform gains momentum
During the quarter, Sendo, a British mobile phone manufacturer, announced its
decision to license the Series 60 Platform from Nokia for its smart phone
category. Sendo joins as the newest member of the Series 60 licensing community
with Matsushita, Samsung, Siemens and Nokia, together representing approximately
60% of the total global mobile phone market. According to company estimates,
Nokia alone will ship 10 million Series 60 smart phones during 2003.
Nokia to enter games industry with Nokia N-Gage(TM)
Nokia announced it would bring mobility to the games industry by offering
console quality games for its new mobile game deck device category. Under a
collaboration agreement with world leading games publisher, Sega, the two
companies will develop games for the new Nokia N-Gage(TM) mobile game deck,
which will run on the Nokia Series 60 platform and the Symbian operating system.
Nokia Game attracts record number of players
The annual Nokia Game, an interactive adventure game for mobile phone users
across 25 countries, set a new record for the greatest number of player
registrations during the quarter. By the end of November 2002, one million
players had participated in the Nokia Game 2002.
NOKIA NETWORKS IN THE FOURTH QUARTER
In third-generation WCDMA networks, Nokia Networks signed an expansion contract
to the original agreement with J-Phone in Japan and new contracts with Chungwa
Telecom and Taiwan Cellular Corporation in Taiwan.
Nokia MMS customers rise to well over 40 operators
Operators continued to implement MMS services and Nokia won 11 new MMS contracts
during the fourth quarter, raising Nokia's total number of MMS customers to well
over 40 at year-end. By December 31, 2002, approximately 100 operators in the
industry overall had begun offering MMS, with millions of individuals taking it
into use.
Company signs new deals in GSM, GPRS and TETRA
During the fourth quarter, Nokia Networks signed GSM network expansion deals
with Gansu MCC and Henan MCC in China, with AIS in Thailand and with Cellular
One in the United States. The company also won a new customer when Telefonica
Movil in Chile chose Nokia as a supplier of its GSM and GPRS networks. In the
professional mobile radio (TETRA) markets, Nokia Networks won four new deals
with customers in Bulgaria, Morocco, Tunisia and Venezuela. Nokia also made
three broadband access deals in China.
NOKIA VENTURES ORGANIZATION IN THE FOURTH QUARTER
While industry-wide IT security spending remained flat during the fourth
quarter, Nokia Internet Communications' revenues increased both sequentially and
year on year due to market acceptance of earlier launched network security
appliances and solutions. During the period, Nokia introduced its end-to-end
mobile VPN solution, allowing enterprises to securely extend, provision and
manage network infrastructure for their mobile workforces. In addition, Nokia
complemented its product portfolio to encompass content security with the launch
of the Nokia Message Protector SC6600 in co-operation with newly-announced
strategic partner Trend Micro.
Nokia Home Communications also launched several new products in line with
increasing demand for terrestrial receiver products in key markets. Nokia
Ventures Organization's results were impacted favorably by a net gain of EUR 87
million from Nokia Venture Partners, mainly resulting from a successful
investment in PayPal.
NOKIA IN OCTOBER-DECEMBER 2002 REPORTED
(International Accounting Standards, IAS, comparisons given to the fourth
quarter 2001 results) Nokia's net sales increased by 1% to EUR 8 843 million
(EUR 8 788 million). Sales of Nokia Mobile Phones were flat at EUR 6 742 million
(EUR 6 710 million). Sales of Nokia Networks increased by 6% to EUR 2 084
million (EUR 1 957 million). Sales of Nokia Ventures Organization decreased by
25% and totaled EUR 107 million (EUR 142 million).
Operating profit increased by 72% to EUR 1 466 million (EUR 853 million),
representing an operating margin of 16.6% (9.7%). Operating profit in Nokia
Mobile Phones increased by 13% to EUR 1 642 million (EUR 1 457 million),
representing an operating margin of 24.4% (21.7%). Operating loss in Nokia
Networks increased to EUR 82 million (operating loss EUR 73 million),
representing an operating margin of -3.9% (-3.7%). Nokia Ventures Organization
reported an operating loss of EUR 6 million (operating loss of EUR 374 million).
Common Group Expenses, which comprises Nokia Head Office and Nokia Research
Center, totaled EUR 88 million (EUR 157 million). Operating profit included a
net gain of EUR 87 million from Nokia Venture Partners investments within Nokia
Ventures Organization.
During the fourth quarter 2002, operating profit was negatively impacted by
non-recurring items totaling EUR 141 million, which consisted of goodwill
impairment of EUR 182 million relating to Nokia Networks' IP mobility networks
business and Nokia Internet Communications, and was partially offset by the
recovery of MobilCom receivables amounting to EUR 41 million. Goodwill
amortization for the fourth quarter 2002 was EUR 48 million.
Financial income totaled EUR 52 million (EUR 45 million). Profit before tax and
minority interests was EUR 1 518 million (EUR 895 million). Net profit totaled
EUR 1 046 million (EUR 450 million). Earnings per share increased to EUR 0.22
(basic) and to EUR 0.22 (diluted) compared with EUR 0.10 (basic) and EUR 0.09
(diluted) in the fourth quarter 2001.
At December 31, 2002, net debt-to-equity ratio (gearing) was -61% (-41% at the
end of 2001). During the October to December period 2002, capital expenditures
amounted to EUR 84 million (EUR 221 million).
At the end of 2002, outstanding long-term loans to customers totaled EUR 1 056
million (compared with EUR 1 128 in 2001), while guarantees given on behalf of
customers totaled EUR 91 million (EUR 127 million). In addition, Nokia had
financing commitments totaling EUR 857 million (EUR 2 955 million) at the end of
2002. Of the total outstanding and committed customer financing of EUR 2 004
million (EUR 4 210 million), EUR 1 573 million (EUR 3 607 million) related to 3G
networks.
Statutory Release of Annual Accounts 2002
REVIEW BY THE BOARD OF DIRECTORS
(The below review by the Board of Directors forms part of the financial
statements for 2002)
Nokia in 2002: IAS Reported
Nokia's net sales in 2002 decreased by 4% compared with 2001 and totaled EUR 30
016 million (EUR 31 191 million in 2001). Sales in Nokia Mobile Phones were flat
at EUR 23 211 million (EUR 23 158 million) and decreased in Nokia Networks by
13% to EUR 6 539 million (EUR 7 534 million). Sales decreased in Nokia Ventures
Organization by 22% to EUR 459 million (EUR 585 million).
Operating profit in 2002 increased by 42% and totaled EUR 4 780 million (EUR 3
362 million in 2001). Operating margin was 15.9% (10.8% in 2001). Operating
profit in Nokia Mobile Phones increased by 15% to EUR 5 201 million (EUR 4 521
million in 2001). Operating loss in Nokia Networks decreased to EUR 49 million
(operating loss of EUR 73 million in 2001). Operating margin in Nokia Mobile
Phones was 22.4% (19.5% in 2001), while the operating margin in Nokia Networks
was -0.7% (-1.0% in 2001). Nokia Ventures Organization showed an operating loss
of EUR 141 million (operating loss of EUR 855 million in 2001). Common Group
Expenses totaled EUR 231 million (EUR 231 million in 2001).
During 2002, operating profit was negatively impacted by goodwill impairments of
EUR 182 million and net customer financing impairment charges related to
MobilCom of EUR 265 million.
Financial income totaled EUR 156 million in 2002 (EUR 125 million in 2001).
Profit before tax and minority interests was EUR 4 917 million in 2002 (EUR 3
475 million in 2001). Net profit totaled EUR 3 381 million in 2002 (EUR 2 200
million in 2001). Earnings per share increased to EUR 0.71 (basic) and to EUR
0.71 (diluted) in 2002, compared with EUR 0.47 (basic) and EUR 0.46 (diluted) in
2001.
At December 31, 2002, net-debt-to-equity ratio (gearing) was -61% (-41% at the
end of 2001). Total capital expenditures in 2002 amounted to EUR 432 million
(EUR 1 041 million in 2001).
At the end of 2002, outstanding long-term loans to customers totaled EUR 1 056
million (compared with EUR 1 128 in 2001), while guarantees given on behalf of
customers totaled EUR 91 million (EUR 127 million). In addition, Nokia had
financing commitments totaling EUR 857 million (EUR 2 955 million) at the end of
2002. Of the total outstanding and committed customer financing of EUR 2 004
million (EUR 4 210 million), EUR 1 573 million (EUR 3 607 million) related to 3G
networks.
Global Reach
In 2002, Europe accounted for 54% of Nokia's net sales (49% in 2001), the
Americas 22% (25%) and Asia-Pacific 24% (26%). The 10 largest markets were US,
UK, China, Germany, Italy, France, UAE, Thailand, Brazil and Poland together
representing 60% of total sales.
Research and development
In 2002, Nokia continued to invest in its worldwide research and development
network and co-operation. At year-end, Nokia had 19 579 R&D employees,
approximately 38% of Nokia's total personnel. Nokia has R&D centers in 14
countries. Investments in R&D increased by 2% (16% in 2001) and totalled EUR 3
052 million (EUR 2 985 million in 2001), representing 10.2% of net sales (9.6%
of net sales in 2001).
Joint Initiatives
Open Mobile Alliance
As the mobile industry evolves into new applications and services, co-operation
among industry players has intensified, facilitating the faster adoption of
mobile services as well as market growth for the entire mobile industry. Nokia,
an active promoter of the Open Mobile Architecture initiative, launched in
November 2001, was a founding member of the Open Mobile Alliance, which
naturally evolved from this. Since its inception in June 2002, the Open Mobile
Alliance has rapidly expanded from around 180 members to include more than 300
companies, representing leading mobile operators, device and network suppliers,
IT companies and content providers.
People
The average number of personnel for 2002 was 52 714 (57 716 for 2001). At the
end of 2002, Nokia employed 51 748 people worldwide (53 849 at year-end 2001).
In 2002, Nokia's personnel decreased by a total of 2 101 employees (decrease of
6 440 in 2001).
Employee Value Proposition
In a move to further attract, engage and retain a skilled workforce, Nokia this
year developed an employee value proposition framework. The adaptation and
implementation of this has already started at country levels to reflect and
respond to local employee needs and expectations. The four fundamentals of the
proposition are (1) the Nokia Way and Values, (2) performance-based rewarding,
(3) professional and personal growth, and (4) work-life balance.
Corporate Responsibility
During 2002, Nokia made clear progress in the area of corporate responsibility.
Developments included the expansion of our global community involvement program
(Make a Connection) to 12 countries, reaching over one million people; the
introduction of a company-wide diversity program aimed at preventing
discrimination and increasing the productivity and innovation of teams; and
further development and increased transparency in our product life-cycle
management (related to our work in design for environment, supplier network
management, manufacturing and end-of-life practices).
Nokia is actively participating in a number of international initiatives, such
as those of Global Compact, UN ICT Task Force, International Youth Foundation,
World Business Council for Sustainable Development and WWF. As a result of our
performance in economic, environmental and social issues, and increased
transparency in reporting, Nokia was again included in Socially Responsible
Investment (SRI) benchmarks, such as Dow Jones Sustainability Indexes and the
FTSE4Good.
In 2002, Nokia was named as the top stock held by SRI funds in Europe, according
to an analysis of European SRI funds by the Sustainable Investment Research
International Group (SiRi), a coalition of 12 national SRI research bodies.
NOKIA MOBILE PHONES IN 2002
Nokia Mobile Phones continued to renew its industry-leading product line-up,
launching a record 34 new products during 2002, incorporating color, imaging,
multimedia, mobile games and polyphonic ring tones. Of the total new phones
launched, 14 had color screens and multimedia capability. This attests to the
growing share of feature-rich phones offering advanced mobile services in the
company's product portfolio.
During the year, Nokia launched its first WCDMA mobile phone, the Nokia 6650,
which began deliveries to operators for testing in October 2002. The company
also commenced shipments of its first CDMA2000 1X mobile phones in the Americas.
These included the Nokia 6370, the Nokia 6385, the Nokia 3585, and the Nokia
8280.
In imaging, Nokia began shipping its iconic camera phone, the Nokia 7650,
expanding the scope of the mobile market from voice to visual communications.
Feedback from customers and users across the board has been extremely positive.
In the enterprise segment, the company expanded its product offering from the
Nokia Communicator 9200 series to include the Nokia 6800 messaging device, with
full QWERTY keypad optimized for personal and enterprise mobile e-mail.
In entertainment, Nokia announced it would bring mobility to gaming by offering
console quality games for its new mobile game deck device category. Under a
collaboration agreement with world leading games publisher, Sega, the two
companies will develop games for the new Nokia N-Gage(TM) mobile game deck,
which will run on the Nokia Series 60 platform and the Symbian operating system.
For the full year 2002, Nokia volumes reached a record level of 152 million
units, representing faster than market growth of 9%, compared with 2001. Backed
by Nokia's ongoing product leadership and user brand preference, Nokia has again
increased its market share for the fifth consecutive year reaching about 38% for
the full year 2002, bringing the company closer to its target of 40%.
During the year, Nokia Mobile Phones took steps to accelerate growth and enhance
both agility and scale benefits with the introduction of a new operational
structure. From May 1, nine new business units were each made responsible for
product and business development within a defined market segment. This allowed
Nokia to optimize its activities in these vertically-focused areas, while
continuing to achieve broad economies of scale from horizontal functions such as
application software development and the company's market-leading demand-supply
network.
NOKIA NETWORKS IN 2002
During the year, Nokia Networks signed 20 GSM network deals in Asia, China,
Europe and the US, including three new customers.
Mobile Multimedia Messaging Services (MMS) became a reality in 2002, with its
rapid implementation into most GSM operator networks. By year-end, Nokia
Networks had delivered MMS solutions to well over 40 operators.
WCDMA 3G technology implementation moved to pre-commercial and commercial phase
towards the end of 2002. Nokia signed 10 new 3G deals in Austria, Belgium,
Germany, Ireland, Japan, the UK and Taiwan. In September, Nokia became the first
vendor to commence volume deliveries of EDGE hardware across all major GSM bands
and in all continents.
In broadband access, Nokia signed nine new contracts in 2002, and launched the
Nokia D500 next generation multiservice broadband access platform for the US and
ETSI markets.
The company also further strengthened its GSM/EDGE/WCDMA product family with
several new products and solutions. Key launches included a high-availability
server platform for use in All-IP mobility networks, and the Nokia LTX, a linear
transceiver product family of base station modules that support the definition
of Open IP Base Station Architecture.
During the year, Nokia took measures to align its operations to better reflect
current market capacity and conditions, reducing the number of employees in its
delivery and maintenance services as well as in production. Nokia also
streamlined its professional mobile radio unit to reflect the slower than
expected take-off of this market.
NOKIA VENTURES ORGANIZATION IN 2002
Despite overall flat IT spending and slow growth in the corporate network
security market throughout 2002, Nokia Internet Communications maintained the
same level of sales and market share in the enterprise firewall/VPN appliance
segment as the previous year, as well as significantly improving its operational
efficiency.
Highlights for the year include the introduction of a record number of new
products and solutions that both expand Nokia's network security appliance
portfolio and respond to emerging market opportunities. Extending mobility to
enterprise workforces, protecting corporate e-mail content and providing
firewall/VPN benefits to remote offices were promising growth areas addressed
with new product offerings from Nokia. To help foster the creation of new
security applications to complement Nokia's own solutions, the Nokia Security
Developers Alliance was launched in July. Looking forward to 2003, Nokia
Internet Communications remains committed to building a leading position in the
corporate network security market and extending mobility to enterprises.
For Nokia Home Communications, sales in 2002 clearly declined as the unit began
a migration towards emerging horizontal markets with the launch of new types of
terminals focused on horizontal terrestrial and satellite markets, providing
digital viewers access to a broad range of digital services. Products, such as
the Nokia Mediamaster 230 S, introduced Bluetooth-enabled interoperability to
the home environment in the second half of the year.
CHANGES IN SHARE CAPITAL
In 2002, Nokia's share capital increased by EUR 3 022 621.20 as a result of the
issue of 50 377 020 new shares upon exercise of warrants and stock options
issued to key personnel in 1997 and 1999.
On December 31, 2002, Nokia Group companies owned 1 145 621 Nokia shares. The
shares had an aggregate nominal value of EUR 68 737.26 representing 0.02% of the
share capital of the company and the total voting rights.
The total number of shares at December 31, 2002 was 4 787 907 141. As a result
of the new share issues, Nokia received a total of EUR 162 827 165.74 in
additional shareholders' equity in 2002. At December 31, 2002, Nokia's share
capital was EUR 287 274 428.46.
PARENT COMPANY
Effective July 1, Nextrom Holding S.A., a publicly listed corporation organized
under the laws of Switzerland, became a subsidiary of Nokia Corporation.
OUTLOOK
Nokia's objective is to take and maintain a leading role in creating
communications products and services that enrich the daily lives of people and
enable enterprises to prosper. The company strives to keep a clear focus on
human needs, managing risks and building reputation, integrating all stakeholder
expectations into its business decision making.
In 2002, Nokia confirmed its ability to perform well in a challenging
environment, translating core strengths of leading brand, excellence in
execution and continuous product renewal into strong profitability. Going into
2003, the company expects market conditions to remain challenging, but will
continue to build on Nokia's industry-leading position, seeking to achieve high
profitability as well as to grow market share in its two main businesses.
As market leader and a global company, Nokia takes its responsibilities
seriously. Sound company ethics makes business sense by helping minimize risk,
ensuring legal compliance, and building reputation amongst stakeholders. By
conducting business in a responsible way, Nokia can make a significant
contribution to sustainable development, at the same time building a strong
foundation for economic growth.
DIVIDEND
Nokia's Board of Directors will propose a dividend of EUR 0.28 per share in
respect of 2002.
Closing rate, 1 EUR = 1.025 USD
It should be noted that certain statements herein which are not historical
facts, including, without limitation those regarding A) the timing of product
deliveries; B) our ability to develop and implement new products and
technologies; C) expectations regarding market growth and developments; D)
expectations for growth and profitability; and E) statements preceded by
"believe," "expect," "anticipate," "foresee" 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) developments in the mobile communications market including
the continued development of the replacement market and the Company's success in
the 3G market; 2) demand for products and services; 3) market acceptance of new
products and service introductions; 4) the availability of new products and
services by operators; 5) weakened economic conditions in many of the Company's
principal markets; 6) pricing pressures; 7) intensity of competition; 8) the
impact of changes in technology; 9) consolidation or other structural changes in
the mobile communications market; 10) the success and financial condition of the
Company's partners, suppliers and customers; 11) the management of the Company's
customer financing exposure; 12) the continued success of product development by
the Company; 13) the continued success of cost-efficient, effective and flexible
manufacturing by the Company; 14) the ability of the Company to source component
production and R&D without interruption and at acceptable prices; 15) inventory
management risks resulting from shifts in market demand; 16) fluctuations in
exchange rates, including, in particular, the fluctuations in the euro exchange
rate between the US dollar and the Japanese yen; 17) impact of changes in
government policies, laws or regulations; 18) the risk factors specified on
pages 10 to 17 of the Company's Form 20-F for the year ended December 31, 2001.
NOKIA
Helsinki - January 23, 2003
www.nokia.com
- Nokia will report 1Q results on April 17, 2003 and plans a
mid-quarter update on March 11, 2003.
- Results announcements for 2Q and 3Q 2003 are planned for July
17 and October 16, respectively.
- The Annual General meeting will be held on March 27, 2003.
The complete press release with tables is available at:
http://www.nokia.com/investor/2002/4Q/index.html
CONTACT: Nokia
Lauri Kivinen, Corporate Communications
+358 7180 34495
or
Ulla James, Investor Relations
+1 972 894 4880
or
Antti Raikkonen, Investor Relations
+358 7180 34290
URL: http://www.businesswire.com
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KEYWORD: FINLAND INTERNATIONAL EUROPE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
NETWORKING
TELECOMMUNICATIONS
EARNINGS
SOURCE:
Nokia
(Wall Street)
Daniel Nieves
Qualcomm's Quarterly Profits Jump As Sales Surge
RELATED SYMBOLS: (QCOM)(NTRS)(IT)
Jan 23, 2003 (The San Diego Union-Tribune - Knight Ridder/Tribune Business News
via COMTEX) -- Again defying the slump in the wireless industry, Qualcomm
yesterday posted strong earnings results for its fiscal first quarter, thanks
mostly to healthy demand in Asia.
The San Diego company said its net income for the quarter ended Dec. 29 was $241
million, or 30 cents a share a percent increase from a year ago and a 30 percent
increase from the previous quarter. Revenue was $1.1 billion, up 57 percent from
the year-ago quarter.
Sales of its cell-phone chips nearly doubled, with Qualcomm selling some 29
million chips in its first fiscal quarter, compared with 15 million a year ago.
Analysts said Qualcomm is continuing to expand the market for its wireless
technology, called Code Division Multiple Access or CDMA. Qualcomm owns the
primary patents for CDMA, which is used in more than 135 million wireless phones
worldwide. The company makes money both through the sale of cell-phone chips and
by collecting royalties on its patented technology.
"I've got to say these are pretty impressive results," said Michael King, a
wireless analyst for Gartner Group, a market research firm.
Qualcomm attributed its results to demand in Asian markets such as South Korea
and Japan, which are rolling out next-generation wireless services such as
sending e-mail and digital photos on cell phones. Increased demand in new
markets, such as China and India, which just began offering CDMA phone service,
also helped boost Qualcomm's bottom line.
"Part of the story is growth in emerging markets like China and India, and part
of it is it's doing much better relative to competing technologies in North
America and Latin America and other places," said Shawn Campbell, analyst with
Northern Trust Corp.
Irwin Jacobs, Qualcomm's chairman and chief executive, said the company expects
further significant growth in China and India this year.
King said the reliance on China could be a potential trouble spot for the
company.
"It is a bit worrisome that Qualcomm is putting that much emphasis on China
because as big as a market as China is, it has not proven itself to be a
profitable market," he said.
Because of anticipated growth in many of its markets, Qualcomm said it was
increasing its earnings forecast for fiscal 2003. The company said it
anticipates that its revenue, excluding investments, will grow 28 percent to 33
percent and earnings per share will be $1.34 to $1.39, an increase of 37 percent
to 42 percent from the previous year.
Qualcomm based its estimate on projected sales of 105 million to 112 million
CDMA phones in 2003. The company previously had forecast earnings of $1.15 to
$1.20 a share on revenue growth of 19 to 23 percent.
Still, Jacobs said company was being cautious in its projections, especially for
the second half of the fiscal year.
Qualcomm also announced yesterday the retirement of Donald E. Schrock, executive
vice president and group president of the wireless chip division.
Schrock, who will remain with the company until Aug. 1, said he is retiring to
spend more time with his family.
Sanjay Jha, a Qualcomm veteran, was appointed to replace Schrock. Jha joined the
company in 1994 and was in charge of hardware design engineering for Qualcomm's
wireless chips. Since 2000, Jha has helped identify new markets for Qualcomm's
core technologies.
--Reuters contributed to this report.
By Jennifer Davies
To see more of The San Diego Union-Tribune, or to subscribe to the newspaper,
go to http://www.uniontrib.com
(c) 2003, The San Diego Union-Tribune. Distributed by Knight Ridder/Tribune
Business News.
-0-
(Wall Street)
Daniel Nieves
REPORT: Wireless Infrastructure Spending Surge Ahead
Jan 23, 2003 (NewsFactor.com via COMTEX) -- Spending on wireless and mobile
network infrastructure is heading for a rebound, despite expectations for
continued sluggishness overall in the global economy and the tech sector in
particular, according to a report from IDC .
Citing a 22 percent decline in such equipment investments in 2002 and
anticipating an additional 6 to 7 percent drop this year, IDC nonetheless
projects that a strong desire for mobile access to voice and data services among
both corporate and consumer users soon will cause spending to soar.
Fighting Over a Shrinking Market
Annual spending on wireless and mobile network infrastructure will grow to some
US$49 billion in 2007 from $38.3 billion in 2002, IDC reports, boosted largely
by the much-hyped, yet often criticized, third-generation (3G) networks.
Increased competition in a shrinking market has been the key factor affecting
reduced spending in wireless infrastructure in recent years, report author Shiv
Bakhshi told NewsFactor. "The price of products has eroded over time as
companies such as Nokia (NYSE: NOK) , Lucent (NYSE: LU) and Intel (Nasdaq: INTC)
all try to gain a foothold in as many markets as possible," he said.
After 2003, those prices will start to rise -- along with the rollout of 3G
networks -- but not as dramatically as they did during the heyday of the 1990s,
said Bakhshi, noting that the wireless markets in Europe and the United States
are approaching the saturation point.
Voice Still Rules
"Revenue for operators will come from more network usage by individual customers
rather than from adding new subscribers," Bakhshi said, "which in turn will
drive demand for more network capacity."
The rationale behind 3G networks is to gain spectrum efficiency, ease capacity
constraints and expand revenue through data services, and that remains intact,
Bakhshi said. At the same time, voice remains the killer app, especially in
developing countries, such as India and China, with demand for second-generation
services expected to explode in the next four or five years among huge
populations that are currently underserved.
The so-called 2.5G mobile networks will enjoy a longer shelf life than
originally argued by infrastructure suppliesuppliers, IDC also reports.
"The shift from voice to data in the developed markets takes time, because you
are developing a new type of consumption," Bakhshi said. Making that transition
requires billing engines, authentication, advanced handsets and pricing models
that are affordable and understandable.
Culture of Data Consumption
Carriers are beginning to address these concerns, and they will take an even
greater interest as all the pieces of the 3G puzzle come together. "Operators
realize their bread and butter is still voice, but they have to look at the long
term and invest in data," said Bahkshi.
Factors that will boost infrastructure investment in the future are the growing
popularity of multimedia messaging and picture messaging, as well as rapid
growth of public wireless local area networks (WLANs). "These legitimize the
culture of wireless data consumption in a mobile environment," Bakhshi
commented. "The more they are available, the more people will get used to using
them."
WCDMA Drives Spending
Concerning competing 3G technologies, Bahkshi said WCDMA (wideband code division
multiple access), which is an evolution of GSM (global system for mobile
communication), will invite more spending than CDMA. "GSM is more widely
deployed throughout the world, and the costs of upgrading and deploying WCDMA
are higher than they are for CDMA 2000," he said.
Because both are based on code division technologies, Bahkshi projected a
significant shift in spending from time-related technologies (TDMA, or time
division multiple access, for example) to code-division infrastructure.
Consequently, North American companies -- such as Lucent and Motorola (NYSE:
MOT) -- that focus on code division will have an advantage, he added.
By Jay Wrolstad
URL: http://www.idc.com
http://www.nokia.com
http://www.lucent.com
http://www.intel.com
http://www.motorola.com
Copyright (C) 2003, NewsFactor Network. All rights reserved
-0-
(Wall Street)
Daniel Nieves
Finland's Nokia doubles 4Q profit, but predicts slower sales for first
RELATED SYMBOLS: (NOK)
HELSINKI, Finland, Jan 23, 2003 (AP WorldStream via COMTEX) -- Nokia Corp., the
world's biggest maker of mobile phones, said Thursday its fourth quarter profits
were more than double from the period a year ago, but warned that sales for the
first quarter of 2003 would be down because of a softer market.
The company reported fourth quarter income of 1.04 billion euros (US$1.10
billion), or 22 euro cents a share (23 cents), up 132 percent from 450 million
euros (US$482.9 million), or 9 euro cents (9 cents) during the same quarter in
2001, included 736 million euros (US$789.8 million) in restructuring costs,
writedowns and goodwill.
In trading on the Helsinki stock exchange, shares of the company fell 0.8
percent to 14.14 euros (US$15.17).
The company reported its results before trading began in New York, but the
company's American depository receipts closed at US$14.94 in trading Wednesday
on the New York Stock Exchange.
Nokia's fourth-quarter sales rose by 1 percent compared with the fourth quarter
2001, reaching 8.8 billion euros (US$9.4 billion). Sales were down year on year,
reaching 30 billion euros (US$32.2 billion) in 2002, down 4 percent from 2001
sales of 31.1 billion euros (US$33.3 billion), reflected in part by weaker sales
in the Americas, but offset by strong growth in Europe and in the Pacific Rim.
Sales of its phones were flat for 2002, tallying 23.2 billion euros (US$24.8
billion), slightly higher than the 23.1 billion euros in 2001 (US$24.7 billion).
The company reported "good growth" in Europe and Asia, but a drop in the
Americas.
Nokia introduced several new models during 2002, many featuring color screens
and a host of features, including cameras, advanced messaging and gaming. But it
faces competition from other rivals, including Sweden's Sony Ericsson and the
United States' Motorola Inc., which is starting to match pace with Nokia's North
American sales.
Nokia chief executive Jorma Ollila said Thursday that the company expects a
"slow start" in the sales of handsets, largely because of an industrywide
buildup.
Speaking to CNBC Europe, he said the company is forecasting sales growth of its
mobile phone handsets to about 9 percent year on year.
The company's networks unit reported sales growth of 6 percent, rising to 2.1
billion euros (US$2.3 billion), including 370 million euros (US$397 million) in
3G-related revenue. That was due in part to increased use in the United States,
but dampened by weakened sales in China.
Nokia said the mobile phone market returned to growth in 2002 with overall
market volumes reaching about 405 million units, a gain of 5 percent compared to
2001 volume of around 380 million units.
Europe and Asia saw increased growth of about 8 percent, in part because of
increased demand for the array of color phones, fast connections and
third-generation services widely available there.
Demand in the Americas also increased, rising by 4 percent from 2001 to 2002.
During the fourth-quarter, the company said overall mobile phone sales were up
to 117 million units. During 2003, that figure is expected to gain by 10
percent.
In 2002, Nokia unit volume reached a record 152 million units, an increase of 9
percent compared to 2001. It also posted its largest ever quarterly volume of 46
million units sold during the fourth quarter.
For all of 2002, the company said its market share rose for a fifth straight
year, reaching 38 percent, just two points shy of its goal of 40 percent.
Nokia, based in Espoo, just outside the Finnish capital, has sales in 130
countries with some 53,000 employees.
---
On the Net:
Nokia: http://www.nokia.com
Copyright 2003 Associated Press, All rights reserved
-0-
APO Priority=r
(PROFILE
(WS SL:BC-EU-FIN-EARNS--Finland-Nokia; CT:f;
(REG:EURO;)
(REG:BRIT;)
(REG:SCAN;)
(REG:ENGL;)
(LANG:ENGLISH;))
)
KEYWORD: HELSINKI, Finland
(Wall Street)
Daniel Nieves
Early Mover Launched For TD-SCDMA Market
RELATED SYMBOLS: (SI)(PHG)
Jan 22, 2003 (Communications Today/PBI Media via COMTEX) -- A 3G technology
market yet to develop has the first of what will likely be multiple ventures
targeting it. Datang Mobile, Royal Philips Electronics [NYSE: PHG] and Samsung
Electronics formed Beijing T3G Technology to design and license core TD-SCDMA
(Time Division-Synchronous Code Division Multiple Access) chipsets and reference
designs for mobile devices. Datang has developed a TD- SCDMA test terminal and
hopes to accelerate the availability of the first commercial products through
the joint venture. Datang, which developed TD-SCDMA in collaboration with
Siemens [NYSE: SI], already operates a research laboratory in China with
Philips.
China plans to use TD-SCDMA, a narrow-band version of the wideband 3G CDMA
technology, along with the CDMA2000 and W-CDMA standards. While TD-SCDMA isn't
expected to be as widely deployed in China as the other 3G standards, the size
of the country's mobile market-the largest in the world with more than 200
million users-could make investing in TD-SCDMA developers a popular move. For
more on hot topics within the wireless sector, be sure to read the latest
edition of Wireless Data News. For subscription information, visit the
"newsstand" at http://www.TelecomWeb.com.
[Copyright 2003 PBI Media, LLC. All rights reserved.]
Communications Today, Vol. 9, No. 13 [Copyright 2003 PBI Media, LLC. All rights
reserved.]
Copyright 2003 PBI Media, LLC. All rights reserved.
-0-
(Wall Street)
Daniel Nieves
OT:QUALCOMM Announces Record First Quarter Fiscal 2003 Results GAAP Reported
RELATED SYMBOLS: (QCOM)
SAN DIEGO, Jan 22, 2003 /PRNewswire-FirstCall via COMTEX/ -- QUALCOMM
Incorporated (Nasdaq: QCOM) today announced its first quarter fiscal 2003
results ended December 29, 2002. GAAP reported revenues were $1.1 billion in the
first fiscal quarter, up 26 percent sequentially and 57 percent year-over-year.
Revenues increased primarily due to record demand for CDMA products across
global markets. GAAP reported net income was $241 million or $0.30 per share in
the first fiscal quarter, up 30 percent sequentially and 76 percent
year-over-year.
Revenues excluding the QUALCOMM Strategic Initiatives (QSI) segment were $1.1
billion in the first fiscal quarter, up 27 percent sequentially and 54 percent
year-over-year. Net income excluding the QSI segment was $345 million or $0.42
per share in the first fiscal quarter, up 35 percent sequentially and 83 percent
year-over-year.
"QUALCOMM's exceptionally strong performance in the first fiscal quarter was
fueled by the successful commercial deployment of third generation CDMA
networks, which now total 35 operators in 17 countries around the world," said
Dr. Irwin Mark Jacobs, chairman and CEO of QUALCOMM. "We achieved record
revenues and earnings in both our QTL technology licensing business and our QCT
semiconductor business, with shipments of approximately 29 million MSM phone
chips during the first fiscal quarter. We are continuing to see very strong
demand in the Americas and throughout Asia for our industry-leading chipsets and
system software. Our end-to-end BREW platform is supporting an ever increasing
variety of applications, enhancing data revenues and encouraging an early
migration to 3G CDMA. We anticipate significant growth in China and India this
year as China Unicom, Reliance InfoComm, Tata Teleservices and other wireless
operators introduce commercial CDMA2000 1X service."
Gross margins excluding the QSI segment were 67 percent in the first fiscal
quarter, down from 69 percent sequentially and up from 66 percent
year-over-year. The sequential decrease in gross margins was primarily due to a
lower percentage of total revenues coming from QUALCOMM Technology Licensing
(QTL), and the year-over-year increase was primarily due to the shift in product
mix toward higher-end 3G CDMA2000 1X products and increased efficiency resulting
from economies of scale.
Research and development (R&D) expenses excluding the QSI segment were $110
million in the first fiscal quarter, up 3 percent sequentially and 6 percent
year-over-year. The increase in R&D investment was primarily due to product
development efforts to support high-speed wireless Internet access and
multimode, multiband, multinetwork chips supporting cdmaOne(TM), CDMA2000
1X/1xEV-DO, radioOne(TM), GSM/GPRS and WCDMA technologies. Selling, general and
administrative (SG&A) expenses excluding the QSI segment were $107 million in
the first fiscal quarter, up 4 percent sequentially and 18 percent year-
over-year.
Investment income excluding the QSI segment was $26 million in the first fiscal
quarter, up 66 percent sequentially and 5 percent year-over-year. Investment
income excluding the QSI segment is primarily comprised of interest income on
corporate cash and marketable debt securities and other-than- temporary losses
on debt securities. The sequential increase in investment income resulted from
lower other-than-temporary losses on debt securities.
QUALCOMM's annual effective income tax rate on earnings excluding the QSI
segment for fiscal 2003 is estimated to be 34 percent, compared to 35 percent in
the year ago period. Our annual effective income tax rate on GAAP reported
earnings for fiscal 2003 is estimated to be 38 percent, compared to 22 percent
in the year ago period.
QUALCOMM Strategic Initiatives
The QUALCOMM Strategic Initiatives (QSI) segment includes our strategic
investments and related income and expenses, including the Vesper Companies in
Brazil. QSI revenues, which are primarily related to the consolidation of the
Vesper Companies, were $29 million in the first fiscal quarter, down 15 percent
sequentially largely due to changes in foreign exchange rates of the Brazilian
real. QSI losses before taxes were $133 million in the first fiscal quarter, up
36 percent sequentially primarily due to a $28 million increase in
other-than-temporary losses on investments. Included in the QSI losses was $30
million of losses from Vesper, a 29 percent decrease in losses sequentially.
Business Outlook
The following statements are forward-looking and actual results may differ
materially. Please see a description of certain risk factors in this release and
QUALCOMM's quarterly reports on file with the Securities and Exchange Commission
(SEC) for a more complete description of risks.
Second Quarter Fiscal 2003
-- Based on the current business outlook, we anticipate that revenues
excluding the QSI segment in the second fiscal quarter will increase
by approximately 50 percent year-over-year and decrease sequentially
by approximately 7 percent. We anticipate that earnings per share
excluding the QSI segment will be approximately $0.34-$0.35 in the
second fiscal quarter, a 75 percent increase year-over-year. This
estimate assumes shipments of approximately 27 million MSM phone
chips during the quarter, of which approximately 86 percent is
expected to be 3G CDMA2000 MSM phone chips. This represents 93
percent growth in MSM chip shipments year-over-year. We anticipate
that operating expenses will increase in the second fiscal quarter
compared to the first fiscal quarter due to seasonal factors such as
higher employee payroll taxes and public company expenses.
Fiscal 2003
-- Based on the current business outlook, we anticipate that revenues
excluding the QSI segment will grow by approximately 28-33 percent
year-over-year and earnings per share excluding the QSI segment to
be in the range of $1.34 - $1.39 for fiscal 2003, up 37-42 percent
year-over-year. This estimate is based on the sale of 105-112
million CDMA phones in calendar 2003 with approximately 10 percent
decrease in average selling prices of CDMA phones, upon which
royalties are calculated.
Cash Flow
QUALCOMM's cash, cash equivalents and marketable securities, excluding the QSI
segment, totaled approximately $3.7 billion at the end of the first quarter of
fiscal 2003. The following table presents selected cash flow information for the
first quarter of fiscal 2003, which includes cash equivalents and marketable
securities, but excludes the QSI segment, (in millions):
Selected Cash Flow Information
First Quarter
Fiscal 2003
____________
Earnings before taxes, depreciation,
amortization and asset impairments, excluding QSI $555
Working capital changes and tax paid (196)
Net additional share capital 56
Capital expenditures (77)
____________
Net cash provided, excluding QSI 338
Change in fair value of marketable securities 19
Transfers from QSI (1) 390
Transfers to QSI (2) (70)
____________
Net increase in cash, cash equivalents and marketable
securities of QUALCOMM, excluding cash and
marketable securities in QSI (3) $677
============
(1) Cash from loan payments and sale of equity securities.
(2) Funding for strategic debt and equity investments, operations of
Vesper and other QSI operating expenses.
(3) The difference between the $677 million net increase in cash, cash
equivalents and marketable securities of QUALCOMM, excluding QSI,
and the $214 million change in cash and cash equivalents shown in
the Company's Form 10-Q cash flow statement, consists of a $459
million increase in marketable securities held by QUALCOMM, not in
QSI, and a $4 million decrease in cash in QSI.
Results of Business Segments
The following tables present operations segment information, excluding
the QSI segment (in thousands):
First Quarter - Fiscal Year 2003
Other/ QUALCOMM
Reconciling excluding
Segments QCT QTL QWI Items (1) QSI
Revenues 709,681 255,423 108,981 (6,121) 1,067,964
Change from
prior quarter 47% 5% (1%) N/M 27%
Change from
prior year 98% 21% 0% N/M 54%
Earnings before
taxes 288,282 229,409 2,761 1,848 522,300
% of revenues 41% 90% 3% N/M 49%
Change from
prior quarter 82% 4% 331% N/M 36%
Change from
prior year 232% 22% 324% N/M 82%
Fourth Quarter - Fiscal Year 2002
Other/ QUALCOMM
Reconciling excluding
Segments QCT QTL QWI Items (1) QSI
Revenues 483,617 243,481 109,542 3,031 839,671
Earnings
before
taxes 158,334 221,500 (1,196) 5,395 384,033
% of revenues 33% 91% (1%) N/M 46%
First Quarter - Fiscal Year 2002
Other/ QUALCOMM
Reconciling excluding
Segments QCT QTL QWI Items (1) QSI
Revenues 359,144 210,803 109,295 13,446 692,688
Earnings
before
taxes 86,941 188,688 (1,233) 13,053 287,449
% of revenues 24% 90% (1%) N/M 41%
(1) Other/Reconciling Items related to revenues consist primarily of
other non-segment revenues less intersegment eliminations.
Reconciling Items related to earnings before taxes consist primarily
of charges that are not allocated to the segments for management
reporting purposes, unallocated net investment income, non-
reportable segment results, interest expense and the elimination
of intercompany profit.
N/M - Not Meaningful
Business Segment Highlights
QUALCOMM CDMA Technologies (QCT)
-- Shipped approximately 29 million MSM phone chips to customers
worldwide during the first fiscal quarter, up from approximately 20
million units sequentially and approximately 15 million units in the
year ago quarter.
-- Shipped approximately 23 million 3G CDMA2000 1X/1xEV-DO MSM phone
chips during the first fiscal quarter for a cumulative total of
nearly 70 million 3G CDMA2000 MSM phone chips.
-- Shipped CSM infrastructure chips to support more than 2.2 million
equivalent voice channels, down from 2.5 million sequentially and up
from approximately one million in the year ago quarter.
-- Announced that more than five million gpsOne(TM)-enabled devices are
now in commercial use in Japan, South Korea and the United States,
making gpsOne the most widely deployed commercial position location
technology worldwide.
-- Announced the MSM6250(TM) chipset and system software, a highly
integrated solution that supports GSM/GPRS and WCDMA, also known as
UMTS in Europe. Offering support for numerous multimedia functions
and position location capabilities, the MSM6250 chip is an upgrade
to the MSM6200 that will enable phones to support rich multimedia
data applications and operate on all GSM/GPRS and WCDMA networks
that meet International Telecommunications Union (ITU) standards
worldwide.
-- Announced the MSM6500(TM) chipset and system software, a
high-capacity, high-speed wireless data solution that supports the
industry-wide CDMA2000 standards, as well as roaming on GSM/GPRS
systems.
-- Named "2002 Best Financially Managed Company" by the Fabless
Semiconductor Association for outstanding financial performance.
QUALCOMM Technology Licensing (QTL)
-- Signed a total of eight CDMA license agreements during the first
fiscal quarter, including four new licenses and four extensions to
existing license agreements.
Based on royalty reports for the September quarter of 2002:
-- Twenty-seven subscriber licensees reported sales of CDMA2000 1X
products and seven subscriber licensees reported sales of WCDMA
products.
-- Twelve infrastructure licensees reported sales of CDMA2000 1X
products and seven infrastructure licensees reported sales of
WCDMA products.
QUALCOMM Wireless & Internet Group (QWI)
QUALCOMM Internet Services (QIS)
-- Announced an agreement with China Unicom to create a joint venture
that will foster the growth of the Chinese developer community and
QUALCOMM's BREW platform in China. The joint venture will
capitalize on the technical advantages of BREW technology, the
competitive advantages of CDMA in wireless data and the versatile
operating capabilities of China Unicom.
-- Hosted with China Unicom, the China BREW Application Development
Consortium Meeting, a gathering of Chinese wireless application
developers and wireless device manufacturers. Hundreds of
developers and manufacturers attended, helping build momentum for
China Unicom's launch of BREW-enabled services.
-- Announced that KTF, a leading South Korean wireless operator,
extended its contract to provide a wireless application service
based on QUALCOMM's BREW solution, the complete end-to-end solution
that enables over-the-air downloading of applications virtually
anytime, anywhere.
-- Announced that QUALCOMM's BREW solution can now automatically
provision wireless devices with a Java(TM)-technology based virtual
machine and Java applets over the air using the Insignia Mobile
Foundation Java-enabling software.
QUALCOMM Wireless Business Solutions (QWBS)
-- Shipped approximately 10,600 OmniTRACS(R) units and related products
in the first fiscal quarter, down 28 percent sequentially and up 13
percent year-over-year. This brings the cumulative total to over
460,000 units shipped worldwide.
QUALCOMM Strategic Initiatives (QSI)
-- Won bids to acquire mobile licenses for the Vesper Companies in the
state of Sao Paulo (excluding Sao Paulo metro), the state of Minas
Gerais and in the Northeast region of Brazil. The new mobile
licenses cover areas with a combined population in excess of 64
million, according to Morgan Stanley.
QUALCOMM Incorporated ( www.qualcomm.com ) is a leader in developing and
delivering innovative digital wireless communications products and services
based on the Company's CDMA digital technology. Headquartered in San Diego,
Calif., QUALCOMM is included in the S&P 500 Index and 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.
Actual results may differ substantially from those referred to herein due to a
number of factors, including but not limited to risks associated with: changing
global economic conditions, particularly in the telecommunications and
Internet-related industries and the resulting uncertainty in forecasting future
results; timing and receipt of license fees and royalties; integrated circuit
inventory and order levels; the Company's ability to execute additional 3G
licenses; the scale-up, acceptance and operations of CDMA systems, including
CDMA2000 1xEV-DO and systems in new markets such as China and India; the ability
to sustain or improve operational efficiency and profitability; decreases in the
rate of growth in CDMA-based wireless data and Internet access or the CDMA
subscriber population; strategic investments, loans, acquisitions or
divestitures the Company has or may pursue; the performance of the Vesper
Companies business in Brazil; changes in the fair values of marketable
securities and derivative instruments held; the development, deployment and
commercial acceptance of evolving CDMA technology standards; developments in
current or future litigation; customer receivables and performance guarantees;
component shortages; and international business activities, as well as the other
risks detailed from time-to-time in the Company's SEC reports.
QUALCOMM(R), QCT(R), QUALCOMM Wireless Business Solutions(R), OmniTRACS(R),
MSM(TM), MSM6250(TM), MSM6500(TM), gpsOne(TM), radioOne(TM), Vesper(TM) and
BREW(TM) are trademarks and/or service marks of QUALCOMM Incorporated. All other
trademarks are the property of their respective owners.
For further information, please contact: Julie Cunningham, Sr. Vice President,
Investor Relations of QUALCOMM Incorporated, +1-858-658-4224, or fax,
+1-858-651-9303, juliec@qualcomm.com.
QUALCOMM Incorporated
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
THIS SCHEDULE IS TO ASSIST THE READER IN RECONCILING FROM
RESULTS EXCLUDING QSI TO THE GAAP REPORTED RESULTS
(In thousands, except per share data)
(Unaudited)
Three Months Ended
__________________________________________________________
December 30, December 29, December 29,
2001 2002 2002
Excluding Excluding % GAAP
QSI QSI Change QSI Reported
_____ _____ _____ _____ _____
Revenues:
Equipment
and services $483,566 $828,258 71% $29,205 $857,463
Licensing
and royalty
fees 209,122 239,706 15% -- 239,706
_______ _______ _______ _______
692,688 1,067,964 54% 29,205 1,097,169
_______ _______ _______ _______
Operating
expenses:
Cost of
equipment
and services
revenues 234,316 351,404 50% 36,597 388,001
Research
and
development 104,369 110,247 6% 2,232 112,479
Selling,
general and
administrative 90,891 106,802 18% 41,197 147,999
Amortization
of other
acquisition-related
intangible
assets --(e) 1,972 -- 1,972
_______ _______ _______ _______
Total
operating
expenses 429,576 570,425 33% 80,026 650,451
_______ _______ _______ _______
Operating
income (loss) 263,112 497,539 89% (50,821) 446,718
Interest expense (493) (1,339) 172% (5,542) (6,881)
Investment income
(expense), net 24,830 26,100(a) 5% (76,688)(d) (50,588)
_______ _______ _______ _______
Income (loss)
before income
taxes 287,449 522,300 82% (133,051)(b) 389,249
Income tax
(expense)
benefit (97,733) (177,582)(c) 82% 29,667 (147,915)(c)
_______ _______ _______ _______
Net income
(loss) $189,716 $344,718 82% $(103,384) $241,334
======= ======= ======= =======
Net earnings
per common
share:
Diluted $0.23 $0.42 $0.30
======= ======= =======
Shares used
in per
share
calculations:
Diluted 809,574 815,745 815,745
======= ======= =======
(a) Includes $27 million in interest income related to cash, cash
equivalents and marketable debt securities, which are not part of
the Company's strategic investment portfolio.
(b) Includes $30 million loss, net of minority interest, of Vesper
Holdings from September 1, 2002 through November 30, 2002 due to the
Company's practice of consolidating foreign subsidiaries one month
in arrears.
(c) The estimated fiscal year 2003 effective tax rate for operations
excluding QSI and GAAP reported results are 34% and 38%,
respectively.
(d) Includes $66 million other-than-temporary losses on investments, $33
million equity losses in investees, $14 million minority interest in
loss of consolidated subsidiaries and $7 million interest income.
(e) Starting in fiscal 2003, the Company no longer records goodwill
amortization in accordance with Statement of Financial Accounting
Standards No. 142. Goodwill amortization has been excluded from
first quarter fiscal 2002 results to provide a consistent basis for
financial comparison.
QUALCOMM Incorporated
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
(Unaudited)
ASSETS
QUALCOMM
Excluding
QSI QSI (a) QUALCOMM QUALCOMM
December 29, December 29, December 29, September 29,
2002 2002 2002 2002
___________ __________ __________ ____________
Current assets:
Cash and cash
equivalents $1,600,796 $19,497 $1,620,293 $1,406,704
Marketable
securities 1,707,302 127,938 1,835,240 1,411,178
Accounts receivable,
net 640,308 21,445 661,753 536,950
Finance receivables,
net 3,358 966 4,324 388,396
Inventories, net 100,645 6,960 107,605 88,094
Other current
assets 114,356 24,971 139,327 109,444
____________ __________ __________ ____________
Total current
assets 4,166,765 201,777 4,368,542 3,940,766
Marketable
securities 391,098 57,248 448,346 381,630
Finance receivables,
net 3,936 440,774 444,710 442,934
Other investments 4,721 250,939 255,660 276,414
Property, plant and
equipment, net 493,770 194,042 687,812 686,283
Goodwill, net 345,055 1,865 346,920 344,803
Other assets 234,632 241,427 476,059 436,691
____________ __________ __________ ____________
Total assets $5,639,977 $1,388,072 $7,028,049 $6,509,521
============ ========== ========== ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Trade accounts
payable $150,966 $43,771 $194,737 $209,418
Payroll and other
benefits related
liabilities 99,094 9,609 108,703 126,005
Unearned revenue 172,616 5,267 177,883 183,482
Other current
liabilities 152,356 21,215 173,571 156,081
____________ __________ __________ ____________
Total current
liabilities 575,032 79,862 654,894 674,986
Unearned revenue 250,693 626 251,319 259,995
Long-term debt -- 156,889 156,889 94,288
Other liabilities 39,617 2,503 42,120 43,756
____________ __________ __________ ____________
Total
liabilities 865,342 239,880 1,105,222 1,073,025
____________ __________ __________ ____________
Minority interest in
consolidated
subsidiaries 50 21,768 21,818 44,540
____________ __________ __________ ____________
Stockholders' equity:
Preferred stock,
$0.0001 par value -- -- -- --
Common stock, $0.0001
par value 80 -- 80 79
Paid-in capital 5,123,139 -- 5,123,139 4,918,202
Retained earnings 845,958 -- 845,958 604,624
Accumulated other
comprehensive
loss (40,958) (27,210) (68,168) (130,949)
____________ __________ __________ ____________
Total
stockholders'
equity 5,928,219 (27,210) 5,901,009 5,391,956
____________ __________ __________ ____________
Total liabilities
and stockholders'
equity $6,793,611 $234,438 $7,028,049 $6,509,521
============ ========== ========== ============
(a) Includes the consolidated Vesper Holdings balance sheet at November
30, 2002. The Company consolidates foreign subsidiaries one month
in arrears.
QUALCOMM Incorporated
GAAP REPORTED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
Three Months Ended
_____________________________
December 29, December 30,
2002 2001
__________ __________
Revenues:
Equipment and services $857,463 $489,092
Licensing and royalty fees 239,706 209,550
__________ __________
1,097,169 698,642
__________ __________
Operating expenses:
Cost of equipment and services revenues 388,001 245,197
Research and development 112,479 106,868
Selling, general and administrative 147,999 100,765
Amortization of goodwill and other
acquisition-related intangible assets 1,972 63,731
__________ __________
Total operating expenses 650,451 516,561
__________ __________
Operating income 446,718 182,081
Interest expense (6,881) (2,562)
Investment (expense) income, net (50,588) 38,032
__________ __________
Income before income taxes 389,249 217,551
Income tax expense (147,915) (78,318)
__________ __________
Net income $241,334 $139,233
========== ==========
Net earnings per common share:
Basic $0.31 $0.18
========== ==========
Diluted $0.30 $0.17
========== ==========
Shares used in per share calculations:
Basic 783,280 764,959
========== ==========
Diluted 815,745 809,574
========== ==========
SOURCE QUALCOMM Incorporated
CONTACT: Julie Cunningham, Sr. Vice President, Investor Relations of
QUALCOMM Incorporated, +1-858-658-4224, or fax, +1-858-651-9303,
juliec@qualcomm.com
(QCOM)
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: California
INDUSTRY KEYWORD: CPR
TLS
SUBJECT CODE: ERN
(Wall Street)
Daniel Nieves
Telecom Equipment Industry Consensus Table
RELATED SYMBOLS: (QCOM)(ADCT)(CMVT)(LU)(SFA)(IDCC)(JDSU)(MOT)(NWK)
Jan 22, 2003 (Nelson's Broker Summaries via COMTEX) --
COMPANY TICKER RECOMMENDATION FY CONS EST
Adc Telecommunications In ADCT Hold -0.08
Comverse Technology CMVT Hold -0.36
InterDigital Communications Corp. IDCC Buy 0.51
JDS Uniphase Corp. JDSU Hold -0.19
Lucent Technologies LU Hold -0.54
Motorola, Inc. MOT Buy 0.38
Network Equipment Technologies NWK Buy -0.68
QUALCOMM QCOM Hold 1.24
Scientific-Atlanta SFA Hold 0.62
(nasdaq:ADCT)(nasdaq:CMVT)(nasdaq:IDCC)(nasdaq:JDSU)(nyse:LU) (nyse:MOT)
(nyse:NWK) (nasdaq:QCOM)(nyse:SFA)
http://www.nelnet.com
Copyright 2003, Nelson Information, a Thomson Financial company
-0-
(Nelson Research Report)
Daniel Nieves
linedrivehitter-
Hilliard Lyons Tom Carpenter
Investec Scot Robertson
RTX Securities Jason Tsai
Daniel Nieves
Ericsson to invest additional SEK1-2bn in Sony Ericsson - report
RELATED SYMBOLS: (ERICY)
Jan 22, 2003 (NORDIC BUSINESS REPORT via COMTEX) -- Swedish telecomms solutions
provider Ericsson has reportedly said that it would invest an additional
SEK1-2bn in its handset joint-venture Sony Ericsson.
Ericsson reportedly refused to confirm the investment although the company has
previously said that it intended to allocate more resources to Sony Ericsson.
Ericsson had originally agreed to invest a total of EUR500m to the company, the
news agency AFX said.
AFX quoted a report by the Swedish business newspaper Dagens Industri.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP). One
euro (EUR) is worth approximately 0.65 British pounds (GBP).
(C)1998-2003 M2 COMMUNICATIONS LTD http://www.m2.com
-0-
(Wall Street)
Daniel Nieves
Will Ericsson Make Major Move This Year? Ericsson [Nasdaq: ERICY] isn't
RELATED SYMBOLS: (SNE)(LU)(ERICY)
Jan 21, 2003 (Communications Today/PBI Media via COMTEX) -- but the Swedish
company is likely to shed its stake in its handset joint venture with Sony
[NYSE: SNE] to have greater financial flexibility. Ericsson faces another
difficult year of cost cutting in order to reach profitability and regain
investor confidence, according to Technology Business Research (TBR) analysts.
Ericsson's earnings slump isn't from losing infrastructure customers, but from
mobile operators canceling or delaying deployment or upgrade plans while keeping
Ericsson as a key supplier. Ericsson continues to add contracts with existing
customers, such as the recent three-year extension of its contract with Canadian
operator Rogers AT&T Wireless under which it will supply 2G TDMA and GSM
infrastructure equipment as well as next-generation GSM technology.
However, the Sony Ericsson Mobile Communications handset venture is gaining
little traction in the marketplace. In order to recover its investment in the
venture while also exiting the handset market, Ericsson will sell off its Sony
Ericsson stake this year when the valuation of the venture increases, TBR
expects. Proceeds from that sale would allow Ericsson to make a major move, such
as bidding to acquire after Lucent Technologies [NYSE: LU] wireless network
business for its CDMA market share. For more on hot topics within the wireless
sector, be sure to read the latest edition of Wireless Data News. For
subscription information, visit the "newsstand" at http://www.TelecomWeb.com.
[Copyright 2003 PBI Media, LLC. All rights reserved.]
Communications Today, Vol. 9, No. 12 [Copyright 2003 PBI Media, LLC. All rights
reserved.]
Copyright 2003 PBI Media, LLC. All rights reserved.
-0-
(Wall Street)
Daniel Nieves
Spectrum Signal Processing's aXs.740 Packet-Voice Subsystem for
RELATED SYMBOLS: (TMKT)(SSPI)
BURNABY, BRITISH COLUMBIA, Jan 22, 2003 (CCNMatthews via COMTEX) -- Spectrum
Signal Processing Inc. (NASDAQ: SSPI / TSX: SSY), a leading provider of high
performance wireless signal processing and packet-voice solutions, today
announced that Technology Marketing Corporation's (TMC(TM)) INTERNET
TELEPHONY(R) magazine has named the aXs.740 packet-voice subsystem for
next-generation mobile wireless infrastructure as a Product of the Year winner
for 2002. INTERNET TELEPHONY is the premier publication in the rapidly growing
IP telephony industry.
INTERNET TELEPHONY's Product of the Year Award has been awarded to the aXs.740
for its technological excellence and vision. The aXs.740 subsystem is a
standards-based modular solution that provides the highest call densities and
most comprehensive set of voice and media services for wireless telephony
infrastructure. The aXs.740 subsystem is ideal for high-capacity transcoding in
all-IP wireless architectures supported by 3GPP (Third Generation Partnership
Project) standards developments, and is compatible with 3G network architectures
including UMTS (Universal Mobile Telecommunications Service). The aXs.740
subsystem, along with the entire family of aXs.600 and aXs.700 modules, supports
the Open-aXs software environment to rapidly and efficiently integrate
next-generation voice services into carrier-class infrastructure equipment.
"Spectrum's aXs.740 subsystem is a clear leader in the packet-voice processing
sector of the IP telephony industry. We're proud to reward their hard work and
innovation with a Product of the Year Award for 2002," said Rich Tehrani,
president of TMC and group editor-in-chief of INTERNET TELEPHONY.
"Spectrum's aXs.740 product delivers exceptional new capabilities to the
wireless packet-voice market. Spectrum deserves to be honored with the Product
of the Year award due to their proven commitment to producing quality products
for the market," said Greg Galitzine, editorial director of INTERNET TELEPHONY.
"The INTERNET TELEPHONY Product of the Year Award is outstanding recognition of
our development efforts in packet-voice processing for wireless infrastructure
applications," stated Andy Talbot, Vice President of Spectrum's Network
Solutions Group. "It is further evidence of our success in delivering a product
that can easily be integrated into our customers' systems to provide reliable,
leading-density transcoding and enhanced voice services."
The INTERNET TELEPHONY Product of Year Awards are published in the January 2003
edition of INTERNET TELEPHONY magazine
(http://www.tmcnet.com/it/0103/0103poty.htm).
Each aXs.740 Packet-Voice Subsystem Features:
* Scalable density of up to 672 channels (DS-3) of compressed voice-port
capacity
* Field-hardened algorithms including 3G-AMR, GSM-FR/ EFR/AMR, EVRC, and
best-in-class G.168-2000 (128ms echo tail)
* Enhanced voice services including 64-way conferencing and announcement server
support
* TFO (Tandem Free Operation) support
* Modular single-width PCI Mezzanine Card (PMC) - 2.9" x 5.9" form factor
* Open-aXs software for rapid application integration
* Optimized channel configurations are available
* Shipping today in volume
About INTERNET TELPHONY Magazine
The convergence of voice, video, fax, and data has revolutionized the world of
telecommunications. Internet telephony has been proven to drastically reduce
long-distance costs and continues to provide unprecedented opportunities for
service providers, resellers, developers, and end users alike. Internet
Telephony is the only magazine that focuses on providing the information that
will help you take advantage of this exciting technology. Launched as a
quarterly publication in January 1998, Internet Telephony magazine has been
published monthly since October 1998. Internet Telephony provides readers with
the best information necessary to learn about and purchase the equipment,
software, and services they need to take advantage of Internet telephony.
About Spectrum Signal Processing Inc.
Spectrum Signal Processing designs, develops and markets high performance
wireless signal processing and packet-voice processing subsystems for use in
communications infrastructure equipment. Spectrum's optimized hardware, software
and chip technology work together to collect, compress and convert voice and
data signals. Leveraging its 16 years of design expertise, Spectrum provides its
customers with faster time to market and lower costs by delivering highly
flexible, reliable and high-density solutions. Spectrum subsystems are targeted
for use in government communications systems, satellite hubs and cellular base
stations, media gateways and next-generation voice and data switches. More
information on Spectrum and its aXs(TM) and flexComm product lines is available
at www.spectrumsignal.com
(R)INTERNET TELEPHONY is a registered trademark of Technology Marketing
Corporation.
CONTACT: Spectrum Signal Processing Inc.
Liza Aboud
Business and Trade Media
(604) 421-5422 ext. 152
Email: liza_aboud@spectrumsignal.com
or
Spectrum Signal Processing Inc.
Brent Flichel
Investor Relations
(604) 421-5422 ext .247
Email: brent_flichel@spectrumsignal.com
Website: www.spectrumsignal.com
or
Technology Marketing Corporation
Michael Genaro
(203) 852.6800 ext. 142
Email: mgenaro@tmcnet.com
Copyright (C) 2003, Canadian Corporate News. All rights reserved.
NEWS RELEASE TRANSMITTED BY CCNMatthews
-0-
INDUSTRY KEYWORD: CMT - Communications Technology
SUBJECT CODE: CNT - CONTESTS & AWARDS
(Wall Street)
Daniel Nieves
Datang to Push 3G Mobile Phone Chips
BEIJING, Jan 22, 2003 (SinoCast via COMTEX) -- After established the 3G
coalition recently, Datang Mobile Communications Equipment Co., Ltd. expressed
yesterday that the company had granted ST Microelectronics with the producing
license, and Datang Mobile would push dual-mode mobile phone chips in July o
August 2003.
The homegrown TD-SCDMA of Datang Mobile has approved by International Telecom
Union as the third generation communications technology.
Tang Ru'an, CEO of Datang Mobile, says the company's TD-SCDMA has no
technological obstacle, and has the license and approval of relating
authorities. He says that the company will put forward dual-mode of GSM and
SCDMA mobile phones in July or August 2003, and it will produce mobile phone
chips in the first half of 2003.
The State Government of China allocated the frequency of 3G in October 2002, and
placed more attentions on the 3G technology of Datang Mobile.
The coalition formed by Datang Mobile has attracted many leading domestic
companies such as Legend Group and Huawei Group etc. Moreover, the company has
made cooperation with Siemens, Agilent, Phillips, and etc.
From China News, Page 1, Tuesday, January 21, 2003
info@SinoCast.Com
Copyright (C) 2003 SinoCast, All rights reserved
-0-
KEYWORD: BEIJING
INDUSTRY KEYWORD: Joint Venture
International Exchange
SUBJECT CODE: Computers, Telecom and Information Technology
(Wall Street)
Daniel Nieves
China's Standard 3G Mobile Phones to Commercialize in 2004
RELATED SYMBOLS: (SSNNF)
BEIJING, Jan 22, 2003 (SinoCast via COMTEX) -- Yesterday, the T3G Technologies
Company formally founded in Beijing. The company is a joint venture of Datang
Mobile Company, Philips Electronics Company, and Samsung Electronics Company.
T3G's CEO Zuo Hanbo said that the company will concentrate on providing complete
solutions in design, hardware, and software of mobile phones to manufacturers
and design companies home and abroad. Their goal is to expedite the
commercialization of TD-SCDMA, a Chinese 3G standard. As per their schedule, the
first 3G business mobile phone sets made in line with TD-SCDMA standard will be
launched in 2004.
Zuo refused to disclose the detailed investment of the three sponsors. However,
according to Datang Mobile's COO Tang Ru'an, Datang Mobile and Philips take more
than 40% in the JV each, while Samsung takes about 20%.
Tang said that the JV company will combine Datang's strength in TD-SCDMA
standards and testing terminals, Philips' IC design and production capability,
and Samsung's strength in terminal products.
T3G will push the commercialization of TD-SCDMA-GSM dual-mode mobile phone core
chips, which will help operators to provide more cost-efficient 2.5G and 3G
services to their clients.
From Source: Beijing Youth Daily page 20, Tuesday, January 21, 2003
info@SinoCast.Com
Copyright (C) 2003 SinoCast, All rights reserved
-0-
KEYWORD: BEIJING
INDUSTRY KEYWORD: Joint Venture
International Exchange
SUBJECT CODE: Computers, Telecom and Information Technology
(Wall Street)
Daniel Nieves
Huawei to be a Leader In the 3G Era
SHENZHEN, Jan 22, 2003 (SinoCast via COMTEX) -- Huawei Technologies Co., Ltd.
has become the top-ranking 3G company based on its eight-year efforts, 3500
staffs and total investment of RMB 3 billion.
In 2002, the company pushed the 1X base station-compatible 2.4M CDMA20001XEV-DO,
it has made achievement in making the first calling made by CAMEL III and
R99-based intelligent phones. Huawei has first founded the 3G open laboratory,
pushed the smallest base station of WCDMA and the soft switch-based WCDMA core
equipment in December 12, 2002 in the exposition held by the International
Telecom Union.
Huawei also settled WCDMA base stations in the business center of Beijing such
as Chang'an Street, Wangfujing Street, Finance Street, and Zhongguancun etc.
These base stations make available services of video on demand, music
downloading, and positioning at the speed of 384 kbps. And its products have
been exported to Russia, United Arab Emirates, and Tunisia.
From China Electronics, Page 2, Tuesday, January 21, 2003
info@SinoCast.Com
Copyright (C) 2003 SinoCast, All rights reserved
-0-
KEYWORD: SHENZHEN
INDUSTRY KEYWORD: Marketing
Investment
SUBJECT CODE: Computers, Telecom and Information Technology
(Wall Street)
Daniel Nieves
Motorola Passes SEICMM5 Assessment
RELATED SYMBOLS: (MOT)
CHENGDU, Jan 22, 2003 (SinoCast via COMTEX) -- Motorola's software center in
Chengdu passes the assessment of SEI CMM5. This center is the first research
center following SEICMM rules in China of Motorola. (SEI: Software Engineering
Institute, CMM: Capability Maturity Model)
This center was founded in January 2001 in Chengdu, Sichuan Province. In the
beginning of its foundation, the 15-staff center just was a software laboratory,
and the number would be increased to 180 by the end of 2003.
Now, this center's main tasks are research of 2.5 and 3G technologies. Motorola
closed the research center in Canada and opened the Chengdu center in order to
focusing on China, the biggest market of the world.
The president of Motorola said that the company would keep investing in
construction of plants of broadband televisions and semiconductors, and software
centers in China. The company hoped its total output to be US$ 10 billion by
2006, with a total investment and procurement volume to be US$ 10 billion
respectively.
From Source: sina.com page 1, Tuesday, January 21, 2003
info@SinoCast.Com
Copyright (C) 2003 SinoCast, All rights reserved
-0-
KEYWORD: CHENGDU
INDUSTRY KEYWORD: Marketing
Investment
SUBJECT CODE: Computers, Telecom and Information Technology
(Wall Street)
Daniel Nieves
Telecom Equipment Industry Consensus Table
RELATED SYMBOLS: (ADCT)(SFA)(IDCC)(MOT)(NWK)
Jan 22, 2003 (Nelson's Broker Summaries via COMTEX) --
COMPANY TICKER RECOMMENDATION FY CONS EST
Adc Telecommunications In ADCT Hold -0.08
InterDigital Communications Corp. IDCC Buy 0.51
Motorola, Inc. MOT Buy 0.38
Network Equipment Technologies NWK Buy -0.68
Scientific-Atlanta SFA Hold 0.62
(nasdaq:ADCT)(nasdaq:IDCC)(nyse:MOT) (nyse:NWK) (nyse:SFA)
http://www.nelnet.com
Copyright 2003, Nelson Information, a Thomson Financial company
-0-
(Nelson Research Report)
Daniel Nieves
InterDigital Communications Corp. EPS Estimated At 1.20
RELATED SYMBOLS: (IDCC)
Jan 22, 2003 (Nelson's Broker Summaries via COMTEX) --
Company: InterDigital Communications Corp. (nasdaq:IDCC)
Report Headline: "INTERDIGITAL COMMUNICATIONS CORP."
Report Date: January 16, 2003
Current FY EPS Estimate [FY2003]: 1.20
Previous EPS Estimate for Current FY [FY2003]: N/A
Current Quarter EPS Estimate [Q1]: N/A
Next FY EPS Estimate [FY2004]: N/A
Previous EPS Estimate for Next FY [FY2004]: N/A
Current Recommendation: Buy
Research Firm: Hilliard Lyons
Analyst: Thomas M. Carpenter
Industry: Telecom Equipment
http://www.nelnet.com
Copyright 2003, Nelson Information, a Thomson Financial company
-0-
(Nelson Research Report)
Daniel Nieves
InterDigital Communications Corp. Consensus Recommendation: Buy
RELATED SYMBOLS: (IDCC)
Jan 22, 2003 (Nelson's Broker Summaries via COMTEX) --
Company: InterDigital Communications Corp. (nasdaq:IDCC)
Consensus Recommendation: Buy
(Strong Buy: 1, Buy: 2, Hold: 0, Underperform: 0, Sell: 0)
Quarter Consensus Estimate [Q1]: -0.03
FY Consensus Estimate [FY2003]: 0.51
Next FY Consensus Estimate [FY2004]: N/A
Industry: Telecom Equipment
http://www.nelnet.com
Copyright 2003, Nelson Information, a Thomson Financial company
-0-
(Nelson Research Report)
Daniel Nieves
UBINETICS: Bangalore 3G firm smashes first year growth targets UbiNetics
Jan 21, 2003 (M2 PRESSWIRE via COMTEX) -- Just one year after opening,
UbiNetics` Bangalore operation has emerged as a major R&D centre for the global
3G technology firm.
UbiNetics now employs a team of 90 highly skilled engineers. Several new
projects are being planned for the India centre in 2003 and will increase the
team size to 150 within the next six months.
The PA Consulting spin-off, headquartered in the UK, has a network of R&D
facilities around the world. However, the Indian facility is playing a key role
in many of its projects. These include the development of UMTS and GSM/GPRS
protocols for multi-mode protocol software, development of EDGE software and
working on the company`s latest Load Tester product. The Load Tester enables
network operators to `stress-test` their networks, assessing the network`s
ability to support large call volumes.
"The India staff have earned a good name for the centre through their hard-work
and diligence. This has resulted in UbiNetics looking to the India centre for
starting many new projects. This trend is set to continue and we are proud to be
playing a key role in the growth of the company," said Madan Mohan Raj,
vice-president R&D, India.
"The R&D centre in Bangalore has made a substantial contribution in the last
year to the performance of the business and we are keen to grow the team even
further to achieve our product road-map milestones," said Bjorn Krylander, CEO
at UbiNetics.
"UbiNetics not only benefits from a ready supply of highly trained engineers to
keep up with burgeoning demand, but also Bangalore`s close proximity to the
lucrative Chinese market."
NOTES TO EDITORS
About UbiNetics
UbiNetics is a next generation wireless communications technology company. It
designs and develops innovative 3G, 2.5G and 2G products and solutions for
wireless data and voice applications and is a leader in 3G test and measurement
equipment.
The company`s 3G Test Mobile has become the industry de-facto standard for WCDMA
infrastructure testing. This, together with the portable TM200 Test Mobile and
other test solutions, positions UbiNetics at the centre of 3G interoperability
testing. UbiNetics also provides the industry`s most robust protocol software
and physical layer IP portfolio for 3G chipset and handset developers and
manufacturers. The company has developed a unique range of creative products for
UMTS and GPRS/GSM applications including customised embedded modules and
development tools.
The company was formed in January 1999 from PA Consulting Group`s Wireless
Telecommunications Practice. Since 1999, UbiNetics has grown to over 400
employees with activities in the UK (Cambridge and Swindon), the US, Japan,
India, Hong Kong and Taiwan.
Further information about UbiNetics can be found at www.ubinetics.com
CONTACT: Gillian Salvage/Meryl Hanlon, LEWIS Tel: +44 (0)20 7802 2626 Fax: +44
(0)20 7802 2627 e-mail: gillians/merylh@lewispr.com WWW: http://www.lewispr.com
Judith Bliss, UbiNetics (UK) Tel: +44 (0)1763 285 165 Fax: +44 (0)1763 267 320
e-mail: judith.bliss@ubinetics.com WWW: http://www.ubinetics.com
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD
-0-
(Wall Street)
Daniel Nieves
Lucent Technologies: Lucent Technologies to resell Cisco packet data and
RELATED SYMBOLS: (LU)(CSCO)
Jan 21, 2003 (M2 PRESSWIRE via COMTEX) -- MURRAY HILL, NJ and SAN JOSE, Calif.
-- Lucent Technologies (NYSE: LU) and Cisco Systems (NASDAQ: CSCO) today
announced that Lucent will integrate and resell select Cisco packet data and
media gateway products as part of Lucent's mobile networking product offer for
the mobile service provider market.
The multi-year, non-exclusive agreement between Cisco and Lucent will enhance
and accelerate Lucent's ability to bring best-in-class, end-to-end mobile data
networking solutions to wireless operators worldwide, while allowing Cisco's
best-in-breed packet data and media gateway products to reach a broader segment
of the market.
Under this global supply agreement, Lucent will integrate and resell the
following Cisco packet data and media gateway products:
* Cisco Packet Data Serving Node (PDSN), which enables CDMA2000 operators to
provide mobile data access to the Internet, as well as corporate intranets and
extranets.
* Cisco Gateway GPRS Support Node (GGSN), which enables GSM and UMTS operators
to optimize their networks to deploy high-quality mobile voice and data
services.
* Cisco MGX8000 Media Gateway and ATM aggregation products, which allow mobile
operators to provision voice-over-IP (VoIP) and voice-over-ATM (VoATM) service
on their packet core networks.
"We believe the demand for high-speed mobile data and low-cost packet-based
voice services, particularly in the business market, is the next big growth area
for wireless service providers," said Cindy Christy, chief operating officer for
Lucent's Mobility Solutions Group. "As a result of this agreement, we'll be able
to leverage our unmatched expertise in mobile communications and Cisco's
world-leading expertise in IP networking so our customers can begin to take
advantage of explosive demand immediately."
"We're pleased to work with Lucent, a leader in the development of mobile
networks, to help speed the introduction of high-speed data, voice and video
services to the wireless world," said Dan Scheinman, senior vice president,
Corporate Development for Cisco. "The combination of these Cisco packet data and
media gateway products with Lucent's mobile wireless infrastructure solutions
will help mobile operators deliver profitable, new mobile services and reduce
operating expenses as they introduce IP into their mobile networks." Lucent
Worldwide Services (LWS), in cooperation with Cisco, will provide a full suite
of services including deployment (installation), engineering, support and
maintenance for the products covered under the agreement.
Cisco's Customer Advocacy organization will be providing support to Lucent so
that together, end customers will receive the highest levels of support. In
addition, Lucent will offer consulting and network design services and will be
qualified as a global systems integrator for Cisco as a result of this
agreement.
Lucent's Mobility Solutions Group is the global leader in spread-spectrum
technology - the basis of 3G CDMA2000 and UMTS. To date, Lucent has deployed
more than 70,000 CDMA base stations in commercial networks around the globe,
more than 35,000 of which support 3G CDMA2000 1X service.
Lucent has supported the launch of commercial 3G networks with mobile operators
on the continents of North and South America, Asia, and Europe and in the
Australia-New Zealand region.
As the leading provider of Internet Protocol (IP) networking technology, Cisco
is playing a key role in helping mobile wireless operators integrate packet data
and media gateway technology into their networks, which will enable them to
offer new, revenue-generating services. Cisco supplies mobile wireless operators
with mobile Internet products for both voice and packet data services, which it
distributes and supports through its own field organization, and indirectly
through its world-class channel network.
About Cisco
Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking for the
Internet. News and information are available at http://www.cisco.com.
Cisco, Cisco Systems, the Cisco Systems logo, and Cisco IOS are registered
trademarks of Cisco Systems, Inc. in the U.S. and certain other countries. All
other trademarks mentioned in this document are the property of their respective
owners.
About Lucent Technologies
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and
delivers networks for the world's largest communications service providers.
Backed by Bell Labs research and development, Lucent relies on its strengths in
mobility, optical, data and voice networking technologies as well as software
and services to develop next-generation networks. The company's systems,
services and software are designed to help customers quickly deploy and better
manage their networks and create new, revenue-generating services that help
businesses and consumers. For more information on Lucent Technologies, visit its
Web site at http://www.lucent.com.
CONTACT: Mary Ward, Lucent Technologies Tel: +1 908 582 7658 Glynnis Woolridge,
Lucent Technologies Tel: +1 973 386 8623 Jim Brady, Cisco Systems Tel: +1 408
853 3168
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