Analyst - 6000 Series Nokia's models "a nightmare"

[Micky]

MKM Partners, valued telecom analyst Tero Kuittinen (pictured right) fears that American investors are losing their faIth in Nokia.

Kuittinen basing its opinion on the American assessment of the employer company. MKM Partners in August Nokia issued shares, only 7.00 euros target price.

Then the target price looked apealing.

- Unfortunately, the target remains the same now. It is quite likely that in the first half of 2010 model-releases will be a disappointment, Kuittinen evaluated.

On Friday afternoon (4th Dec09), Nokia's share was 1.3 percent at EUR 8.61 on the rise.



- The U.S.is interested in how Symbian, and Nokia moves beyond this. Symbian software developers hate the red tape development environment, and to this dilemma does not involve any change in the Symbian UI reform.

Kuittinen believes that many of the new 6000-series models are the "nightmarish old-fashioned" reworked.

- For example, 6700 Slider, which is upcoming, perhaps the first quarter of next year is really boring and modest. These models of 2008 are all too familiar in looks and functionality.

Kuittinen believes Nokia has the same problem as it did back in 2004:

- At that time, Nokia stuck to the old, low-quality handsets for far too long, then the reformed Samsung display technology lead Nokia to change it's ways drastically.

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