Sons And Daughters Of BBCMF High Technologies Companies, It, R & D, domestic, international

[mick]

Nokia confirms mobile device industry volumes in 2006 to grow more than 10% (NOK) 17.60 +0.52: -Update- Co now expects: Mobile device industry volumes in 2006 to grow more than 10% from 2005, and the mobile device market to also grow in value in 2006... The number of mobile subscriptions to surpass three billion in 2008, rather than in 2010 as co stated in Feb this year... Slight to moderate growth in the mobile infrastructure market in 2006... Operating margin target remains at 17%... Operating margin of 17-18% for Mobile Phones and Multimedia devices combined... Infrastructure operating margin of 13%, rather than 14% as co stated last year... As stated last year, by the end of 2006 to reduce overall R&D expenditure to 9-10% of net sales; reduce Nokia mobile device R&D expenditure to 8% of net sales; and reduce Nokia infrastructure R&D expenditure to 14% of net sales.