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News
Issue #2003 - 25 (September 2003)
(Updated Sept. 12, 2003)

MARKET OUTLOOK & TRENDS

Financial News From Wireless Companies

1. Nextel predicts strong wireless enterprise market in Q3
Nextel representatives today said the company is on track to meet its 2003 financial goals. The carrier said president and CEO Tim Donahue will tell investors at a financial conference the company is predicting "robust business trends" in the third quarter, predicting strong subscriber growth and revenue gains.

2. RIM Reports Upbeat Second Quarter Results
See news item in this newsflash.

3. Nortel Reports a major wireless infrastructure contract from Verizon, China Unicom and Orange
Verizon Wireless, the largest wireless telecom operator in USA, said last week that it had signed a three-year agreement with Nortel Networks Corp. to buy about $1 billion of gear for its next-generation voice-and-data network.

Verizon Wireless, owned by Verizon Communications Inc. and Vodafone Group PLC, said it plans to deploy and upgrade radio base stations, switches, Internet protocol platforms and other related equipment from Nortel.

Analysts were divided on how much was new business and how much was simply a renewal of existing relationships.

"We see this as a three-year deal worth about $350 million per year, which is about the level of sales we expect Nortel to generate this year from Verizon Wireless," the analysts said in a note to clients.

China Unicom and Orange framework agreements announced this week led Nortel's stock market recovery significantly.  

4. Nokia, last week, provided a scheduled mid-quarter update to the company's business outlook for the third quarter 2003.
Based on developments in the first two months of the third quarter, pro forma EPS (diluted) for the Nokia group is expected to be at the high end or slightly above previously stated guidance of EUR 0.15 to EUR 0.17. This mainly reflects continued strong mobile phone pro forma operating margins. Reported EPS (diluted) is also expected to be at the high end or slightly above the previously guided range of EUR 0.14 to EUR 0.16.

For more information: http://www.nortelnetworks.comhttp://www.rim.net

MobileInfo Comments and Advisory: Wireless infrastructure suppliers seem to be on recovery path - having bottomed out earlier this year. 

Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.


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