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Nokia "outperform"

Friday, July 09, 2004 2:25:11 PM ET
Bear Stearns


NEW YORK, July 9 (New Ratings) - Analyst Wojtek Uzdelewicz of Bear Stearns maintains his "outperform" rating on Nokia (NOK.NYS). The target price is set to $18.

Shares of Nokia, a leading global provider of mobile handsets and wireless infrastructure solutions, are currently trading at $14.11.

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According to Bear Stearns' research note published this morning, Nokia is scheduled to report its 2Q04 results on July 15. The analyst expects the company to post its EPS in-line with the estimates and its revenues marginally short of the estimates for the quarter. The company's market share is likely to have stabilized in Asia, improved in Europe and marginally deteriorated in the US during the quarter, the analyst says.

Nokia's QoQ handset shipments increased marginally during Q2, despite the market expectation of shipment deterioration, according to Bear Stearns. Nokia would regain some of its lost market share in the forthcoming quarters, since the company is expected to launch new handset models in the near term, the analyst says. The company's balance sheet and free cash flows remain robust, the analyst adds.

Bear Stearns maintains its "outperform" rating on Nokia.

Nokia signs turnkey deal with Telenor in Pakistan to deliver and operate its GSM network
July 12, 2004




Deal represents a new customer for Nokia in this important growth market

Nokia has signed a turnkey deal with Telenor Pakistan Pvt. Ltd. (TPP), a 100% owned subsidiary of Telenor A/S, to build and operate its GSM radio network. Under phase 1 of this three year frame agreement TPP becomes a new customer for Nokia in Pakistan. The Nokia supplied part of the network will initially cover Central and Northern Punjab.

Deliveries of the Nokia GSM base station subsystem (BSS) will start immediately and the network will be operational by second quarter 2005.

"We are delighted to be working with Telenor, a new GSM operator in Pakistan. This is also a new market for Nokia and we are proud to support the development of new technologies and services. With the Nokia GSM BSS solution Telenor will be able to quickly achieve high quality network coverage in Pakistan - a large untapped key growth market," says Walid Moneimne, Senior Vice President, Networks, Nokia.

Under the agreement Nokia will supply its complete GSM base station subsystem that can be smoothly upgraded to 3G WCDMA. In addition Nokia will provide turnkey implementation of the network, including site acquisition, civil works, network planning, implementation and project management for fast quality ramp-up of the solution.

Nokia will also operate the BSS part of its network. Nokia will establish the network operations to ensure the timely launch of the quality network.

Nokia Care services, including software maintenance, emergency support and hardware services as well as training will help keep the network running at peak performance. The services will be provided using Nokia NetAct (TM), the only fully-featured, multi-vendor, multi-technology operations support system on a single platform.

Nokia can draw on its over 15-year track record of implementing and operating networks and its extensive practical experience of implementing mobile services for operators. Nokia has contracted operating services for 20 operators globally, in addition to providing full turnkey implementations for a total of 25 customers in 21 countries. Nokia NetAct(TM) has been delivered to over 300 customers.

Nokia is the world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia is dedicated to enhancing people's lives and productivity by providing easy-to-use and innovative products like mobile phones, and solutions for imaging, games, media, mobile network operators and businesses. Nokia is a broadly held company with listings on five major exchanges.

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Nokia
Networks, Communications

Fonte : www.nokia.com - investors