The Wall Street Journal reports the European Union appears most supportive of Nokia's DVB-H mobile-TV broadcasting standard, ahead of its plans to publish a list of standards in its official journal in mid-July. A rival standard by Samsung is not as attractive because it's not as prevalent and one by QUALCOMM was regarded as a "proprietary solution" at the start of the testing stage. The EU plans to adopt a single standard because it wants to avoid "market fragmentation," like the situation found in the U.S. wireless industry, where the existence of competing standards has resulted in slower development. The EU's telecom regulator said she also favors Nokia since the EU contributed €40m to research for the DVB-H standard. Ordinary shares of Nokia trading in Helsinki were down about 0.7% in early afternoon trading. Its ADRs lost 0.6% to $27.59 on Monday.
Sources: Wall Street Journal
Commentary: Nokia's N95: The iPhone's European Competitor • Nokia's Restructuring: Nobody Loves A Value-Chain Hog
Stocks/ETFs to watch: Nokia Corp. (NYSE:NOK). Competitors: QUALCOMM (NASDAQ:QCOM) Inc., Samsung [not traded in the U.S., but an 18% component of iShares MSCI S. Korea (NYSEARCA:EWY)], Sony Corp. (NYSE:SNE), LM Ericsson Telephone Co. (NASDAQ:ERIC), Motorola Inc. (MOT). ETFs: streetTRACKS Morgan Stanley Technology Index Fund (NYSEARCA:MTK), HOLDRS Wireless (NYSEARCA:WMH)
Conference call transcripts: Nokia Q1 2007, QUALCOMM F2Q07
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