Qualcomm unaffected by Nokia's decision to stop making CDMA phones

Qualcomm is unfazed by Nokia's decision to stop making mobile phones based on Qualcomm's CDMA technology, saying Nokia's move will not affect Qualcomm's 2006 financial outlook, a Reuters report said.
Earlier, Nokia disclosed it had scrapped plans for a venture with Japan's Sanyo Electric to produce phones based on CDMA, citing concerns about CDMA's growth prospects and the venture's technology-licensing terms, the report said.
"It's not a surprise to us that Nokia is announcing it's stepping back from the CDMA business because I don't think they had that much success," Qualcomm CFO Bill Keitel told Reuters in an interview.
The report said Nokia, the world's biggest mobile phone maker, and Qualcomm, the dominant designer of chips for CDMA, had had an acrimonious past, fighting over everything from competition rules and technology standard setting to licensing fees.
CDMA is the main wireless technology used in the US, but globally only has a 25% to 30% share of mobile subscribers, according to the report.