Istruzioni per l'uso SONY ERICSSON T20S

Lastmanuals offre un servizio di condivisione, archiviazione e ricerca di manuali collegati all'uso di hardware e software: la guida per l'uso, il manuale, la guida rapida, le schede tecniche… NON DIMENTICATE: SEMPRE DI LEGGERE IL manualE PRIMA DI ACQUISTARE!

Se questo documento corrisponde alla guida per l'uso, alle istruzioni o al manuale, alle schede tecniche o agli schemi che stai cercando, scaricalo ora. Lastmanuals offre un facile e veloce accesso al manuale per l'uso SONY ERICSSON T20S Speriamo che questo SONY ERICSSON T20S manuale sarà utile a voi.

Lastmanuals aiuta a scaricare la guida per l'uso SONY ERICSSON T20S.


Mode d'emploi SONY ERICSSON T20S
Download

Puoi anche scaricare i seguenti manuali collegati a questo prodotto:

   SONY ERICSSON T20S (2229 ko)
   SONY ERICSSON T20S GENERAL WAP INTRODUCTION (78 ko)

Estratto del manuale: manuale d'uso SONY ERICSSON T20S

Istruzioni dettagliate per l'uso sono nel manuale

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j LO QXRYR 3, 1 QRQ q VWDWR LPPHVVR FRUUHWWDPHQWH 6H YLHQH YLVXDOL]]DWR LO PHVVDJJLR 3, 1 HUUDWR VHJXLWR GD 3, 1 SUHFHGHQWH LO YHFFKLR 3, 1 QRQ q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q DWWLYDWR SRVVLELOH FDPELDUH LO FRGLFH GL EORFFR GHO WHOHIRQR VSHFLILFDQGRQH XQR SHUVRQDOL]]DWR FRVWLWXLWR GD XQ QXPHUR FRPSUHVR WUD TXDWWUR H RWWR FLIUH SRVVLELOH DWWLYDUHGLVDWWLYDUH LO EORFFR GHO WHOHIRQR RSSXUH LPSRVWDUOR VXOOD PRGDOLWj DXWRPDWLFD $WWLYD]LRQH GHO EORFFR GHO WHOHIRQR 6H LO EORFFR GHO WHOHIRQR q DWWLYDWR LO PHVVDJJLR 7HO EORFFDWR &RGLFH EORFFR YLHQH YLVXDOL]]DWR RJQL YROWD FKH VL DFFHQGH LO WHOHIRQR 3HU XWLOL]]DUH LO WHOHIRQR q TXLQGL QHFHVVDULR LPPHWWHUH LO FRGLFH VHJXLWR GD <(6 3HU PRGLILFDUH LO FRGLFH GL EORFFR GHO WHOHIRQR 6FRUUHUH ILQR D YLVXDOL]]DUH , PSRVWD]LRQL <(6 %ORFFKL <(6 %ORFFR WHOHIRQR <(6 &DPELD FRGLFH <(6 $WWHQHUVL DOOD SURFHGXUD GHVFULWWD QHOOD VH]LRQH 3HU PRGLILFDUH LO 3, 1 D SDJLQD RW 1 $XWRPDWLFR 6H LO EORFFR GHO WHOHIRQR q LPSRVWDWR VX DXWRPDWLFR QRQ q QHFHVVDULR LPPHWWHUH LO FRGLFH EORFFR GHO WHOHIRQR ILQFKp QRQ VL LQVHULVFH XQ DOWUD FDUWD 6, 0 QHO WHOHIRQR U& IR P R HU P <(6 1RWD LPSRUWDQWH QRQ GLPHQWLFDUH LO QXRYR FRGLFH , Q FDVR OR VL GLPHQWLFDVVH VDUj QHFHVVDULR FRQVHJQDUH LO WHOHIRQR DO ULYHQGLWRUH (ULFVVRQ SL YLFLQR 3HU DWWLYDUH LO EORFFR GHO WHOHIRQR 6FRUUHUH ILQR D YLVXDOL]]DUH , PSRVWD]LRQL <(6 %ORFFKL <(6 %ORFFR WHOHIRQR <(6 3URWH]LRQH <(6 6HOH]LRQDUH XQ RS]LRQH H SUHPHUH <(6 , PPHWWHUH LO FRGLFH GL EORFFR GHO WHOHIRQR H SUHPHUH /LPLWD FKLDPDWH , O VHUYL]LR /LPLWD FKLDPDWH FRQVHQWH GL LPSHGLUH FKH DOFXQL WLSL GL FKLDPDWH YHQJDQR HIIHWWXDWL H ULFHYXWL 3HU DWWLYDUHGLVDWWLYDUH XQD OLPLWD]LRQH GHOOH FKLDPDWH q QHFHVVDULR GLVSRUUH GL XQD SDVVZRUG IRUQLWD FRQ O DEERQDPHQWR LD F VH O8 6LFXUH]]D GHO WHOHIRQR H GHOO DEERQDPHQWR SRVVLELOH OLPLWDUH OH VHJXHQWL FKLDPDWH WXWWH OH FKLDPDWH LQ XVFLWD 7XWWH FK LQ XVF WXWWH OH FKLDPDWH LQWHUQD]LRQDOL LQ XVFLWD , QWHUQD] LQ XVF WXWWH OH FKLDPDWH LQWHUQD]LRQDOL LQ XVFLWD WUDQQH TXHOOH YHUVR LO SURSULR SDHVH , QW LQ XVF 5RDP WXWWH OH FKLDPDWH LQ DUULYR 7XWWH FK LQ DUU WXWWH OH FKLDPDWH LQ DUULYR TXDQGR VL q DOO HVWHUR LQ URDPLQJ , Q DUU FRQ 5RDP 3HU DWWLYDUHGLVDWWLYDUH OD OLPLWD]LRQH GHOOH FKLDPDWH 6FRUUHUH ILQR D YLVXDOL]]DUH , PSRVWD]LRQL <(6 2S]LRQL FKLDPWH <(6 /LPLWD FKLDPDWH <(6 6HOH]LRQDUH XQ RS]LRQH H SUHPHUH <(6 6HOH]LRQDUH $WWLYD R $QQXOOD H SUHPHUH <(6 , QVHULUH OD SDVVZRUG H SUHPHUH <(6 1RWD 6H q DWWLYDWR LO WUDVIHULPHQWR GHOOH FKLDPDWH LQ DUULYR QRQ q SRVVLELOH DWWLYDUH DOFXQH RS]LRQL GL /LPLWD FKLDPDWH $QDORJDPHQWH VH q DWWLYDWD OD OLPLWD]LRQH GHOOH FKLDPDWH QRQ q SRVVLELOH DWWLYDUH DOFXQH RS]LRQL GL 7UDVIHULVFL FK 3HU YHULILFDUH OR VWDWR GL XQD OLPLWD]LRQH VHOH]LRQDUOD TXLQGL VFHJOLHUH 6WDWR 3HU GLVDWWLYDUH WXWWH OH OLPLWD]LRQL VHOH]LRQDUH $QQXOOD WXWWR 3HU FDPELDUH OD SDVVZRUG VHOH]LRQDUH 1XRYD SDVVZRUG RW 1 U& IR P R $ELOLWD]LRQH GHL QXPHUL /D IXQ]LRQH $WW QXP DELO VHUYH D OLPLWDUH OH FKLDPDWH LQ XVFLWD VROR D GHWHUPLQDWL QXPHUL VDOYDWL QHOOD FDUWD 6, 0 6H VL WHQWD GL FKLDPDUH DOWUL QXPHUL YLHQH YLVXDOL]]DWR LO PHVVDJJLR 1XPHUR QRQ FRQVHQWLWR 3HU TXHVWD IXQ]LRQH q QHFHVVDULR GLVSRUUH GL XQD 6, 0 FKH FRQVHQWD OD PHPRUL]]D]LRQH GHL QXPHUL DELOLWDWL 7DOL QXPHUL VRQR SURWHWWL GDO FRGLFH 3, 1 LQROWUH SRVVLELOH PHPRUL]]DUH QXPHUL SDU]LDOL 6H DG HVHPSLR VL PHPRUL]]D q SRVVLELOH FKLDPDUH WXWWL L QXPHUL FKH LQL]LDQR FRQ SRVVLELOH PHPRUL]]DUH QXPHUL FKH FRQWHQJRQR SXQWL LQWHUURJDWLYL 6H DG HVHPSLR VL PHPRUL]]D " q SRVVLELOH FKLDPDUH WXWWL L QXPHUL FRPSUHVL WUD H 3HU LQVHULUH XQ SXQWR LQWHUURJDWLYR WHQHUH SUHPXWR HU P LD F VH O8 6LFXUH]]D GHO WHOHIRQR H GHOO DEERQDPHQWR 1RWD FRPXQTXH SRVVLELOH FRPSRUUH LO QXPHUR GL HPHUJHQ]D LQWHUQD]LRQDOH DQFKH VH O DELOLWD]LRQH GHL QXPHUL q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q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q DEERQDWL DO 6HUYL]LR OLQHD DOWHUQDWLYD q SRVVLELOH VFHJOLHUH TXDOH OLQHD XWLOL]]DUH SHU OH FKLDPDWH LQ XVFLWD /H FKLDPDWH LQ DUULYR YHQJRQR ULFHYXWH VX HQWUDPEH OH OLQHH LQGLSHQGHQWHPHQWH GD TXHOOD DWWXDOPHQWH VHOH]LRQDWD $O PRPHQWR GHOO DFTXLVWR GHO WHOHIRQR OH OLQHH VRQR LQ JHQHUH GHQRPLQDWH /LQHD H /LQHD SRVVLELOH VSHFLILFDUH LPSRVWD]LRQL GLYHUVH SHU OH GXH OLQHH DG HVHPSLR LO WRQR GHOOD VXRQHULD R LO WUDVIHULPHQWR GL FKLDPDWD 3ULPD GL HIIHWWXDUH XQD FKLDPDWD q QHFHVVDULR VHOH]LRQDUH OD OLQHD GD XWLOL]]DUH HU P LD F VH O8 3HU VHOH]LRQDUH XQD OLQHD 6FRUUHUH ILQR D YLVXDOL]]DUH , QIR FKLDPDWH <(6 &KLDP VXFFHVV <(6 6HOH]LRQDUH OD OLQHD GD XWLOL]]DUH H SUHPHUH <(6 7XWWH OH FKLDPDWH LQ XVFLWD YHQJRQR HIIHWWXDWH VX TXHVWD OLQHD ILQR D TXDQGR QRQ YLHQH DWWLYDWD O DOWUD 8VR GL GXH OLQHH YRFH SRVVLELOH DVVHJQDUH DOOH OLQHH QRPL GLYHUVL DG HVHPSLR SULYDWR H ODYRUR 6HOH]LRQDUH 0RG QRPH OLQHD GDO PHQX , PSRVWD]LRQL 'LVSOD\ TXLQGL VFHJOLHUH OD OLQHD GHVLGHUDWD &KLDPDWH HIIHWWXDWH FRQ FDUWH WHOHIRQLFKH RW 1 U& IR P R HU P <(6 , O VHUYL]LR &DUWD WHOHIRQLFD FRQVHQWH GL ULFKLHGHUH O DGGHELWR VXO FRQWR GHOOD FDUWD WHOHIRQLFD R VX TXHOOR GHOOD FDUWD GL FUHGLWR LQYHFH GHO QRUPDOH FRQWR 1HO WHOHIRQR q SRVVLELOH PHPRUL]]DUH GXH GLYHUVL QXPHUL GL FDUWD 7DOL QXPHUL VRQR SURWHWWL GDO FRGLFH GL EORFFR GHO WHOHIRQR 9HGHUH %ORFFR GHO WHOHIRQR D SDJLQD LD F VH O8 1RWD 1RQ q SRVVLELOH XWLOL]]DUH LO VHUYL]LR GHOOH FDUWH WHOHIRQLFKH SHU FKLDPDWH ID[ R GL GDWL $WWLYD]LRQH GHO VHUYL]LR GHOOH FDUWH WHOHIRQLFKH 3HU HIIHWWXDUH FKLDPDWH FRQ FDUWH WHOHIRQLFKH q QHFHVVDULR DWWLYDUH LO VHUYL]LR 3HU DWWLYDUH LO VHUYL]LR GHOOH FDUWH WHOHIRQLFKH 6FRUUHUH ILQR D YLVXDOL]]DUH 5XEULFD <(6 2S]LRQL <(6 , PSRV FDUWH WHO <(6 , PPHWWHUH LO FRGLFH GL EORFFR GHO WHOHIRQR H SUHPHUH 6HOH]LRQDUH $WWLYDWR H SUHPHUH <(6 &KLDPDWH HIIHWWXDWH FRQ FDUWH WHOHIRQLFKH 3HU PHPRUL]]DUH LO QXPHUR GL XQD FDUWD 6FRUUHUH ILQR D YLVXDOL]]DUH 5XEULFD <(6 &DUWH WHOHI <(6 , PPHWWHUH LO FRGLFH GL EORFFR GHO WHOHIRQR H SUHPHUH 6HOH]LRQDUH $JJLXQJL QXRYR" H SUHPHUH <(6 , QVHULUH LO QXPHUR GL DFFHVVR GHO VHUYHU GHOOD FDUWD WHOHIRQLFD H SUHPHUH <(6 , QVHULUH XQ QRPH H SUHPHUH <(6 , QVHULUH LO FRGLFH GL YHULILFD GHO VHUYHU GHOOD FDUWD WHOHIRQLFD H SUHPHUH <(6 6HOH]LRQDUH LO QXPHUR GD LQYLDUH SHU SULPR WUD LO QXPHUR GD FKLDPDUH R OD YHULILFD TXLQGL SUHPHUH <(6 6FHOWD GL XQD FDUWD 3HU SRWHU HIIHWWXDUH XQD FKLDPDWD FRQ FDUWD WHOHIRQLFD q QHFHVVDULR DWWLYDUH OD FDUWD GD XWLOL]]DUH 6H VRQR VWDWL VDOYDWL L QXPHUL GL GXH FDUWH q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q SRVVLELOH XWLOL]]DUQH XQ DOWUD SXUFKp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q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j H SUHPHUH <(6 , QVHULUH LO QXRYR QXPHUR GL SRVL]LRQH H SUHPHUH <(6 LD F VH O8 0RGDOLWj GL ULFHUFD , Q PRGDOLWj GL ULFHUFD DXWRPDWLFD LO WHOHIRQR HVHJXH SULPD OD ULFHUFD GHOOD UHWH D FXL q VWDWR HIIHWWXDWR O XOWLPR DFFHVVR 6H TXHVWD QRQ q GLVSRQLELOH YLHQH DXWRPDWLFDPHQWH ULFHUFDWD XQ DOWUD UHWH FKH FRSUH OD ]RQD , Q PRGDOLWj GL ULFHUFD PDQXDOH LO WHOHIRQR HVHJXH SULPD OD ULFHUFD GHOOD UHWH D FXL q VWDWR HIIHWWXDWR O XOWLPR DFFHVVR TXLQGL VH QRQ q GLVSRQLELOH YLHQH YLVXDOL]]DWD OD GRPDQGD 6HOH]LRQ UHWH" TXLQGL QHFHVVDULR VHOH]LRQDUH XQD UHWH FRPH GHVFULWWR QHOOD VH]LRQH 3HU VHOH]LRQDUH XQD UHWH D SDJLQD 3HU VHOH]LRQDUH OD PRGDOLWj GL ULFHUFD DXWRPDWLFD R PDQXDOH 6HOH]LRQDUH $XWRPDWLFD R 0DQXDOH GDO PHQX , PSRVWD]LRQL5HWL0RGR ULFHUFD H SUHPHUH <(6 &KLDPDWH ID[ H GDWL , QYLR GL FKLDPDWH ID[ H GDWL 3HU LQYLDUH FKLDPDWH GDWL H ID[ q QHFHVVDULR FRQQHWWHUH LO WHOHIRQR D XQ FRPSXWHU TXLQGL DYYLDUH LO SURJUDPPD VRIWZDUH DSSURSULDWR 5LFH]LRQH GL FKLDPDWH ID[ H GDWL /D SURFHGXUD SHU OD ULFH]LRQH GL FKLDPDWH ID[ H GDWL GLSHQGH GDOOD UHWH H GDOO DEERQDPHQWR 6H VL GLVSRQH GL QXPHUL GLYHUVL SHU FKLDPDWH YRFH ID[ R GDWL LO WHOHIRQR ULFRQRVFHUj LO WLSR GL FKLDPDWD 3HU ULFHYHUH XQD FKLDPDWD ID[ R GDWL QXPHUL GLYHUVL &RQQHWWHUH LO WHOHIRQR D XQ FRPSXWHU 5LVSRQGHUH DOOD FKLDPDWD GDO SURJUDPPD VRIWZDUH VH OD ULVSRVWD QRQ DYYLHQH DXWRPDWLFDPHQWH 1RQ q SRVVLELOH ULVSRQGHUH D XQD FKLDPDWD ID[ R GDWL SUHPHQGR LO WDVWR <(6 VXO WHOHIRQR 1XPHUR XQLFR 6H OD FDUWD 6, 0 QRQ VXSSRUWD QXPHUL GLYHUVL SHU OH FKLDPDWH GDWL H ID[ LO WHOHIRQR QRQ ULFRQRVFH LO WLSR GL FKLDPDWD LQ DUULYR &KLDPDWH ID[ H GDWL RW 1 U& IR P R HU P LD F VH O8 6H VL GHVLGHUD ULFHYHUH XQD FKLDPDWD ID[ R GDWL q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q DWWLYD O RS]LRQH , QWHUQHW WLPH q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q VWDWD DWWLYDWD O , QWHUQHW WLPH q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j HVHJXLWD O RSHUD]LRQH GL GLYLVLRQH WUD H 6FRUUHUH ILQR D YLVXDOL]]DUH 6WUXPHQWL <(6 &DOFRODWULFH <(6 , PPHWWHUH 3UHPHUH ULSHWXWDPHQWH ILQFKp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q LQ IXQ]LRQH q SRVVLELOH PHPRUL]]DUH ILQR D JLUL RUDUL 3UHPHUH R SHU FRQWUROODUH L JLUL RUDUL PHPRUL]]DWL 1RWD , O FURQRPHWUR YLHQH GLVDWWLYDWR VH VL ULFHYH XQD FKLDPDWD R XQ PHVVDJJLR GL WHVWR RSSXUH VH VL HVFH GDO PHQX GHO FURQRPHWUR , QGLFDWRUH GL GXUDWD 1HO WHOHIRQR q LQFRUSRUDWR XQ LQGLFDWRUH GL GXUDWD D RUH SRVVLELOH LPSRVWDUH O RUD GHVLGHUDWD H DOOD VFDGHQ]D YHUUj HPHVVR XQ DYYLVR DFXVWLFR 7HWULV /R VFRSR GHO JLRFR 7HWULV q GL LPSHGLUH FKH L EORFFKL UDJJLXQJDQR LO OLPLWH VXSHULRUH 2JQL YROWD FKH VL ULHPSLH XQD ULJD TXHVWD VFRPSDUH RW 1 6WUXPHQWL 3HU LPSRVWDUH O LQGLFDWRUH GL GXUDWD 6FRUUHUH ILQR D YLVXDOL]]DUH 6WUXPHQWL <(6 , QGLFDW GXUDWD <(6 , QVHULUH O RUD H SUHPHUH <(6 SHU DYYLDUH O LQGLFDWRUH GL GXUDWD 4XDQGR VXRQD O DYYLVR SUHPHUH XQ WDVWR TXDOVLDVL SHU GLVDWWLYDUOR *LRFKL 1HO WHOHIRQR VRQR LQFOXVL TXDWWUR JLRFKL 3HU RJQL JLRFR q GLVSRQLELOH LO WHVWR GHOOD JXLGD UHODWLYD U& IR P R HU P 3HU DYYLDUH 7HWULV 6FRUUHUH ILQR D YLVXDOL]]DUH 6WUXPHQWL <(6 *LRFKL <(6 7HWULV <(6 3HU DYYLDUH XQ JLRFR VHOH]LRQDUH 6WDUW H SUHPHUH <(6 6HOH]LRQDUH LO OLYHOOR GD D 3UHPHUH XQ WDVWR TXDOVLDVL SHU LQL]LDUH , QYHFH GL VFHJOLHUH 6WDUW q SRVVLELOH VHOH]LRQDUH +LJK VFRUH RSSXUH +HOS SUHPHQGR DO SDVVDJJLR 3HU FRQWUROODUH 7HWULV RSSXUH IDU VFRUUHUH LO WDVWR GHO YROXPH YHUVR LO EDVVR VSRVWDPHQWR D VLQLVWUD RSSXUH IDU VFRUUHUH LO WDVWR GHO YROXPH YHUVR O DOWR VSRVWDPHQWR D GHVWUD R URWD]LRQH R GLVFHVD YHORFH & SDXVD 12 XVFLWD LD F VH O8 7HWULV (ORUJ &ODVVLF 7HWULV (ORUJ 7HWULV /RJR E\ 5RJHU 'HDQ 7KH 7HWULV &RPSDQ\ 7XWWL L GLULWWL ULVHUYDWL (UL[ /R VFRSR GHO JLRFR (UL[ q GL ULHPSLUH LO GLVSOD\ 6L WUDFFLD XQD OLQHD H TXDQGR OD OLQHD q XQLWD D HQWUDPEH OH HVWUHPLWj O DUHD FRPSUHVD YLHQH ULHPSLWD 8QD YROWD ULHPSLWR FLUFD LO GHO GLVSOD\ VL SDVVD DO OLYHOOR VXFFHVVLYR 6H VL YLHQH FROSLWL GD XQD SDOOLQD VL SHUGH XQD YLWD 3HU FRQWUROODUH (UL[ VX JL VLQLVWUD GHVWUD (0D]H /R VFRSR GHO JLRFR (0D]H q GL PDQJLDUH WXWWL L SXQWL H GL HYLWDUH GL HVVHUH PDQJLDWL GDL PRVWUL 4XDQGR VL PDQJLD XQR TXDOVLDVL GHL SXQWL QHOO DQJROR q SRVVLELOH VSDUDUH DL QHPLFL 3DVVDUH VXO URPER TXDQGR YLVXDOL]]DWR SHU JXDGDJQDUH SXQWL ERQXV 3HU FRQWUROODUH (0D]H VX JL VLQLVWUD VDOYD SDUWLWD 3HU DYYLDUH (UL[ 6FRUUHUH ILQR D YLVXDOL]]DUH 6WUXPHQWL <(6 *LRFKL <(6 (UL[ <(6 6HOH]LRQDUH 1HZ *DPH H SUHPHUH <(6 , QYHFH GL VHOH]LRQDUH 1HZ *DPH q SRVVLELOH VHOH]LRQDUH 'LIILFXOW\ +HOS +LJKVFRUH R 5HVXPH *DPH SUHPHQGR DO SDVVDJJLR )DU VFRUUHUH LO WDVWR GHO YROXPH SHU FDPELDUH OLYHOOR GL GLIILFROWj RW 1 U& IR P R 3HU DYYLDUH (0D]H 6FRUUHUH ILQR D YLVXDOL]]DUH 6WUXPHQWL \HV *LRFKL <(6 (0D]H <(6 6HOH]LRQDUH 6WDUW H SUHPHUH <(6 6HOH]LRQDUH (DV\ 1RUPDO R +DUG TXLQGL SUHPHUH <(6 , QYHFH GL VFHJOLHUH 6WDUW q SRVVLELOH VHOH]LRQDUH +HOS RSSXUH +LJKVFRUH SUHPHQGR DO SDVVDJJLR %DOOSRS /R VFRSR GHO JLRFR %DOOSRS q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z GLYHQWDUH SL JUDQGH RSSXUH DVVXPHUH O DVSHWWR GL XQD PXOWLSDOOD XQD PD]]D GDEDVHEDOO R XQ FDQQRQH , QILQH VL SXz RWWHQHUH XQD YLWD DJJLXQWLYD 8QD YROWD HOLPLQDWL WXWWL L EORFFKL VXO GLVSOD\ VL SDVVD DO OLYHOOR VXFFHVVLYR $QFKH LO UDJJLXQJLPHQWR GL XQ FHUWR SXQWHJJLR FRQVHQWH GL SDVVDUH DO OLYHOOR VXFFHVVLYR RW 1 6WUXPHQWL 3HU DYYLDUH %DOOSRS 6FRUUHUH ILQR D YLVXDOL]]DUH 6WUXPHQWL <(6 *LRFKL <(6 %DOOSRS <(6 6HOH]LRQDUH 6WDUW H SUHPHUH <(6 6HOH]LRQDUH LO OLYHOOR GL GLIILFROWj XWLOL]]DQGR RSSXUH TXLQGL SUHPHUH <(6 3HU DYYLDUH LO JLRFR SUHPHUH XQ WDVWR TXDOVLDVL , QYHFH GL VFHJOLHUH 6WDUW q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z FDULFDUH L GDWL VXOOD FDUWD 6, 0 'RSR LO FDULFDPHQWR LQL]LDOH GHL GDWL H LO ULDYYLR GHO WHOHIRQR YLHQH YLVXDOL]]DWR XQ QXRYR PHQX 1HO WHOHIRQR TXHVWR PHQX DSSDUH FRPH SULPR VRWWRPHQX GHO PHQX 6WUXPHQWL 3HU DFFHGHUH DO QXRYR PHQX 6FRUUHUH ILQR D YLVXDOL]]DUH 6WUXPHQWL OLQHD <(6 'RZQORDG GHL GDWL VXOOD 6, 0 , O JHVWRUH GL UHWH SXz LQ TXDOVLDVL PRPHQWR HIIHWWXDUH VXOOD FDUWD 6, 0 QHOO HWHUH LO GRZQORDG GL GDWL QXRYL TXDOL XQD QXRYD IXQ]LRQH 1RWD 4XHVWR PHQX YLHQH YLVXDOL]]DWR VROR VH OD FDUWD 6, 0 VXSSRUWD LO VHUYL]LR SRVVLELOH FKH DOFXQL RSHUDWRUL QRQ XWLOL]]LQR OD GLFLWXUD 6HUYL]L LQ OLQHD RW 1 U& IR <(6 6HUYL]L LQ P R 5LSULVWLQR GHOOD FDUWD 6, 0 4XDQGR LO JHVWRUH DJJLRUQD OD FDUWD 6, 0 QHOO HWHUH LO WHOHIRQR DYYLVD O XWHQWH YLVXDOL]]DQGR XQ PHVVDJJLR VXO GLVSOD\ HG HPHWWHQGR XQ VHJQDOH DFXVWLFR , O PHVVDJJLR SXz DG HVHPSLR ULFKLHGHUH O HIIHWWXD]LRQH GL XQD FKLDPDWD R O LQYLR GL XQ PHVVDJJLR GL WHVWR 606 3HU UHQGHUH HIIHWWLYH OH QXRYH LPSRVWD]LRQL 6, 0 q QHFHVVDULR VSHJQHUH H ULDFFHQGHUH LO WHOHIRQR 1RWD , O WHOHIRQR QRQ VXSSRUWD WXWWL L 6HUYL]L LQ OLQHD , 6HUYL]L LQ OLQHD VXOOD FDUWD 6, 0 VRQR SURJHWWDWL HG HVHJXLWL GDJOL RSHUDWRUL GL UHWH H QRQ GDL SURGXWWRUL GHL WHOHIRQL SRUWDWLOL HU P LD F VH O8 6HUYL]L LQ OLQHD (ULFVVRQ 0RELOH , QWHUQHW 0RELOH , QWHUQHW q XQ VHUYL]LR IRUQLWR GD (ULFVVRQ FKH UHQGH SL VHPSOLFH H YHORFH OD FRPXQLFD]LRQH R OD ULFH]LRQH GHOOH LQIRUPD]LRQL RYXQTXH FL VL WURYL )RUQLVFH LQIDWWL DFFHVVR DL GLYHUVL VHUYL]L SHU L PHVVDJJL VHUYL]L SHU L FOLHQWL LQ OLQHD DL PDQXDOL SHU O XWHQWH H DG DOWUH LQIRUPD]LRQL XWLOL &RQ 0RELOH , QWHUQHW q SRVVLELOH LQROWUH VFDULFDUH LO VRIWZDUH SHU OH FRPXQLFD]LRQL LQ PRGR GD XWLOL]]DUH VHPSUH DO PHJOLR L SURGRWWL (ULFVVRQ / LQGLUL]]R GL (ULFVVRQ 0RELOH , QWHUQHW q KWWSPRELOHLQWHUQHWHULFVVRQFRP 5LVROX]LRQH GHL SUREOHPL RW 1 U& IR P R HU P , Q TXHVWR FDSLWROR YHQJRQR GHVFULWWL DOFXQL SUREOHPL FKH SRWUHEEHUR YHULILFDUVL GXUDQWH O XVR GHO WHOHIRQR SHU OD FXL ULVROX]LRQH q WDOYROWD QHFHVVDULR FKLDPDUH LO JHVWRUH GHOOD UHWH 7XWWDYLD PROWL GL HVVL SRVVRQR HVVHUH IDFLOPHQWH FRUUHWWL GDOO XWHQWH , O WHOHIRQR QRQ VL DFFHQGH 7HOHIRQR SRUWDWLOH 5LFDULFDUH R VRVWLWXLUH OD EDWWHULD 9HGHUH /D EDWWHULD D SDJLQD 7HOHIRQR LQVHULWR QHO NLW YLYD YRFH SHU DXWRYHWWXUD $VVLFXUDUVL FKH LO WHOHIRQR VLD LQVHULWR FRUUHWWDPHQWH QHOO DSSRVLWR VXSSRUWR 1HVVXQD LQGLFD]LRQH VXO FDULFDPHQWR 6H VL FDULFD XQD QXRYD EDWWHULD YXRWD R XQD EDWWHULD FKH QRQ q VWDWD XVDWD SHU XQ OXQJR SHULRGR GL WHPSR QRQ VL ULFHYH VXELWR XQD LQGLFD]LRQH VXO FDULFDPHQWR /LQJXD 6H OD OLQJXD XWLOL]]DWD SHU LO GLVSOD\ QRQ q TXHOOD GHVLGHUDWD q VHPSUH SRVVLELOH VFHJOLHUH $XWRPDWLFD LD F VH O8 (ULFVVRQ 0RELOH , QWHUQHW GHWHUPLQDWD GDOOD FDUWD 6, 0 SUHPHQGR LQ PRGDOLWj VWDQGE\ SRVVLELOH VFHJOLHUH OD OLQJXD , QJOHVH SUHPHQGR LQ PRGDOLWj VWDQGE\ 0HVVDJJL GL HUURUH , QVHULUH 6, 0 1HO WHOHIRQR QRQ q SUHVHQWH DOFXQD 6, 0 RSSXUH TXHOOD LQVHULWD QRQ q FRUUHWWD , QVHULUH XQD FDUWD 6, 0 9HGHUH /D FDUWD 6, 0 D SDJLQD , QVHULUH 6, 0 FRUUHWWD , O WHOHIRQR q LPSRVWDWR LQ PRGR GD IXQ]LRQDUH VROR FRQ GHWHUPLQDWH FDUWH 6, 0 , QVHULUH OD FDUWD 6, 0 FRUUHWWD 6ROR HPHUJHQ]D &L VL WURYD QHOOD ]RQD FRSHUWD GD XQD UHWH PD QRQ VL q DXWRUL]]DWL DG XWLOL]]DUOD 7XWWDYLD LQ FDVR GL HPHUJHQ]D DOFXQL RSHUDWRUL FRQVHQWRQR GL FKLDPDUH LO QXPHUR LQWHUQD]LRQDOH GL HPHUJHQ]D 9HGHUH (IIHWWXD]LRQH GL FKLDPDWH GL HPHUJHQ]D D SDJLQD 5HWH QRQ GLVSRQLELOH 1HVVXQD UHWH VL WURYD QHOOD ]RQD FRSHUWD R LO VHJQDOH ULFHYXWR q WURSSR GHEROH QHFHVVDULR VSRVWDUVL SHU ULFHYHUH XQ VHJQDOH DEEDVWDQ]D IRUWH 3, 1 HUUDWR 3, 1 HUUDWR , O 3, 1 R LO 3, 1 QRQ q VWDWR LPPHVVR FRUUHWWDPHQWH , QVHULUH LO FRGLFH 3, 1 R 3, 1 FRUUHWWR H SUHPHUH <(6 9HGHUH %ORFFR GHOOD FDUWD 6, 0 D SDJLQD (UURUH FRPSDWLELOLWj 4XDQGR VL GHVLGHUD FDPELDUH XQ FRGLFH GL VLFXUH]]D DG HVHPSLR LO 3, 1 q QHFHVVDULR FRQIHUPDUH TXHOOR QXRYR UHLPPHWWHQGROR , GXH FRGLFL LPPHVVL QRQ FRUULVSRQGRQR 9HGHUH %ORFFR GHOOD FDUWD 6, 0 D SDJLQD RW 1 U& IR P R 3, 13, 1 EORFFDWR , O 3, 1 QRQ q VWDWR LPPHVVR FRUUHWWDPHQWH SHU WUH YROWH GL VHJXLWR 3HU VEORFFDUOR YHGHUH %ORFFR GHOOD FDUWD 6, 0 D SDJLQD 38. EORFFDWR &RQWDWWDUH LO JHVWRUH , O FRGLFH GL VEORFFR SHUVRQDOH 38. QRQ q VWDWR LPPHVVR FRUUHWWDPHQWH SHU YROWH GL VHJXLWR &RQWDWWDUH LO JHVWRUH GHOOD UHWH R LO IRUQLWRUH GHO VHUYL]LR 7HO EORFFDWR , O WHOHIRQR q EORFFDWR 3HU VEORFFDUOR YHGHUH %ORFFR GHO WHOHIRQR D SDJLQD 5LVROX]LRQH GHL SUREOHPL HU P LD F VH O8 &RGLFH EORFFR , O WHOHIRQR YLHQH IRUQLWR FRQ LO FRGLFH GL EORFFR SUHGHILQLWR FKH q SRVVLELOH VRVWLWXLUH FRQ XQ FRGLFH SHUVRQDOL]]DWR FRVWLWXLWR GD XQ QXPHUR FRPSUHVR WUD TXDWWUR H RWWR FLIUH 9HGHUH %ORFFR GHO WHOHIRQR D SDJLQD 1XPHUR QRQ FRQVHQWLWR /D IXQ]LRQH $WW QXP DELO q DWWLYDWD PD LO QXPHUR FKLDPDWR QRQ q SUHVHQWH QHOO HOHQFR GHL QXPHUL DELOLWDWL 9HGHUH $ELOLWD]LRQH GHL QXPHUL D SDJLQD 6ROR LQ FDULFD %DWWHULD VFRQ /D EDWWHULD XWLOL]]DWD QRQ q GHO WLSR DSSURYDWR GDOOD (ULFVVRQ H LO FDULFDPHQWR SURFHGH OHQWDPHQWH SHU PRWLYL GL VLFXUH]]D , FRQH GHO GLVSOD\ 6LPEROR 'HVFUL]LRQH , QGLFDWRUH GHO VHJQDOH GL UHWH RW 1 U& IR P R HU P , QGLFDWRUH GL VWDWR GHOOD EDWWHULD /D VXRQHULD q GLVDWWLYDWD 7XWWL L VHJQDOL DFXVWLFL VRQR GLVDWWLYDWL DG HFFH]LRQH GHOOD VYHJOLD H GHOO LQGLFDWRUH FKLDPDWH VWDWR ULFHYXWR XQ PHVVDJJLR GL WHVWR VWDWR ULFHYXWR XQ PHVVDJJLR YRFDOH /D VYHJOLD q VWDWD LPSRVWDWD HG q DWWLYD 7XWWH OH FKLDPDWH LQ DUULYR YHUUDQQR GHYLDWH D XQ QXPHUR VSHFLILFDWR VH /LPLWD FKLDPDWH q DWWLYR SUHVHQWH XQD FKLDPDWD LQ XVFLWD LD F VH O8 , FRQH GHO GLVSOD\ 6LPEROR 'HVFUL]LRQH , QGLFD XQD FKLDPDWD SHUVD QHOOD OLVWD FKLDPDWH , QGLFD FKH VL q ULVSRVWR DG XQD FKLDPDWD GHOOD OLVWD , QGLFD XQ QXPHUR VHOH]LRQDWR QHOOD OLVWD FKLDPDWH /D /LQHD q LQ XVR SHU OH FKLDPDWH LQ XVFLWD /D /LQHD q LQ XVR SHU OH FKLDPDWH LQ XVFLWD /D YRFH GHOOD UXEULFD q VWDWD VDOYDWD QHOOD PHPRULD GHO WHOHIRQR /D YRFH GHOOD UXEULFD q XQ JUXSSR 6LPEROR 'HVFUL]LRQH , O PHVVDJJLR GL WHVWR q VWDWR VDOYDWR QHOOD PHPRULD GHOOD FDUWD 6, 0 6HOH]LRQH YRFDOH UHJLVWUDWD SHU OD YRFH /D VHOH]LRQH YRFDOH q LPSRVWDWD VX $YYLD FRQ IOLS 0HVVDJJLR GL WHVWR QRQ OHWWR QHOOD SRVWD LQ DUULYR 0HVVDJJLR YRFDOH QRQ DVFROWDWR QHOOD SRVWD LQ DUULYR RW 1 0RGHOOR GL PHVVDJJLR GL WHVWR SRVVLELOH DFFHGHUH DOOD UXEULFD SUHPHQGR U& IR P R HU P 5HWH SUHIHULWD 5HWH YLHWDWD /D UHWH GL RULJLQH q FRPSUHVD QHO UDJJLR GL FRSHUWXUD , QGLFD LO WHVWR GHOOD JXLGD , O EORFFR GHOOD FDUWD R GHO WHOHIRQR q DWWLYR /D FLIUDWXUD QRQ q DWWXDOPHQWH VXSSRUWDWD GDOOD UHWH LD F VH O8 , FRQH GHO GLVSOD\ 7DVWL GL DFFHVVR UDSLGR 3HU DFFHGHUH DOOD /LVWD (IIHWWXDUH SUHPHUH <(6 LQ PRGDOLWj VWDQGE\ WHQHUH SUHPXWR LQ PRGDOLWj VWDQGE\ WHQHUH SUHPXWR LQ PRGDOLWj VWDQGE\ WHQHUH SUHPXWR <(6 LQ PRGDOLWj VWDQGE\ WHQHUH SUHPXWR LQ PRGDOLWj VWDQGE\ WHQHUH SUHPXWR LQ PRGDOLWj VWDQGE\ 3HU HIIHWWXDUH OD VHOH]LRQH UDSLGD GHOOH SRVL]LRQL GD D GHOOD UXEULFD FKLDPDWH 6FHOWH UDSLGH H &KLDPD DFFHGHUH DOOD SULPD IXQ]LRQH GHO PHQX DFFHGHUH DO PHQX 7URYD HIIHWWXDUH OD VHOH]LRQH YRFDOH FKLDPDUH LO VHUYL]LR GL VHJUHWHULD WHOHIRQLFD LPPHWWHUH LO VHJQR SHU HIIHWWXDUH XQD FKLDPDWD LQWHUQD]LRQDOH LPSRVWDUH LO WHOHIRQR VXO PRGR VLOHQ]LRVR RW 1 GLVDWWLYDUH LO PLFURIRQR U& IR WHQHUH SUHPXWR & LQ PRGDOLWj VWDQGE\ P R HU P LQGLYLGXDUH XQD YRFH GHOOD UXEULFD FKH LQL]LD FRQ OD SULPD OHWWHUD GL XQ WDVWR RSSXUH FRQ TXHOOD LPPHGLDWDPHQWH VXFFHVVLYD LQGLYLGXDUH XQD YRFH GHOOD UXEULFD PHWWHUH LQ DWWHVD XQD FKLDPDWD LD F VH O8 (IIHWWXDUH SUHPHUH XQR TXDOVLDVL GHL WDVWL QXPHUR FRPSUHVL WUD H TXLQGL <(6 LQ PRGDOLWj VWDQGE\ WHQHUH SUHPXWR XQR TXDOVLDVL GHL WDVWL FRPSUHVL WUD H LQ PRGDOLWj VWDQGE\ LQVHULUH LO QXPHUR GL SRVL]LRQH H SUHPHUH LQ PRGDOLWj VWDQGE\ SUHPHUH <(6 SUHPHUH <(6 SDVVDUH GD XQD FKLDPDWD D XQ DOWUD WHQHUH SUHPXWR & GXUDQWH XQD FKLDPDWD 7DVWL GL DFFHVVR UDSLGR , QIRUPD]LRQL WHFQLFKH *HQHUDOLWj 1RPH SURGRWWR 6LVWHPD &DUWD 6, 0 7V7VF *60 *60 &DUWD GL SLFFROH GLPHQVLRQL GL WLSR SOXJ LQ 9 R 9 'LPHQVLRQL )RUPDWR 3HVR VHQ]D EDWWHULD VWDQGDUG J [ [ PP 7HPSHUDWXUH DPELHQWH 0D[ 0LQ RW 1 U& IR & & P R HU P LD F VH O8 , QIRUPD]LRQL WHFQLFKH 3UHFDX]LRQL SHU OD VLFXUH]]D H SHU LO FRUUHWWR XVR 1RWD /HJJHUH TXHVWH LQIRUPD]LRQL SULPD GL XWLOL]]DUH LO WHOHIRQR SRUWDWLOH &XUD H PDQXWHQ]LRQH GHO SURGRWWR , O WHOHIRQR FHOOXODUH q XQ DSSDUHFFKLR HOHWWURQLFR DG DOWD WHFQRORJLD 3HU JDUDQWLUQH XQ IXQ]LRQDPHQWR RWWLPDOH H VLFXUR OHJJHUH OH LVWUX]LRQL IRUQLWH GL VHJXLWR 1RQ HVSRUUH LO SURGRWWR D XPLGLWj R LPPHUJHUOR LQ OLTXLGL 1RQ HVSRUUH LO SURGRWWR D WHPSHUDWXUH HFFHVVLYDPHQWH FDOGH R IUHGGH 1RQ FROORFDUH LO SURGRWWR LQ SURVVLPLWj GL FDQGHOH VLJDUHWWH R VLJDUL DFFHVL GL ILDPPH YLYH H FRVu YLD 1RQ ODVFLDU FDGHUH JHWWDUH R FHUFDUH GL SLHJDUH LO SURGRWWR SRLFKp VLPLOL FRPSRUWDPHQWL SRWUHEEHUR GDQQHJJLDUOR 1RQ GLSLQJHUH LO SURGRWWR LQ TXDQWR LO FRORUH SRWUHEEH RVWUXLUH O DXULFRODUH LO PLFURIRQR R DOWUH SDUWL PRELOL H SUHJLXGLFDUQH LO FRUUHWWR IXQ]LRQDPHQWR 1RQ WHQWDUH GL VPRQWDUH LO SURGRWWR /D URWWXUD GL XQ VLJLOOR LQYDOLGHUj OD JDUDQ]LD , O SURGRWWR QRQ FRQWLHQH DOFXQD SDUWH ULSDUDELOH GDOO XWHQWH /H ULSDUD]LRQL YDQQR HIIHWWXDWH HVFOXVLYDPHQWH GDL &HUWLILHG 6HUYLFH &HQWUH &XUD GHO SURGRWWR RW 1 U& IR P R HU P 1RQ XVDUH DFFHVVRUL GLYHUVL GD TXHOOL RULJLQDOL (ULFVVRQ /D PDQFDWD RVVHUYDQ]D GL TXHVWD UDFFRPDQGD]LRQH SXz SURYRFDUH XQ SHJJLRUDPHQWR GHOOH SUHVWD]LRQL GDQQL DO SURGRWWR LQFHQGL VFRVVH HOHWWULFKH H OHVLRQL DOOH SHUVRQH H LQYDOLGDUH DXWRPDWLFDPHQWH OD JDUDQ]LD , O SURGRWWR YD PDQHJJLDWR FRQ FXUD H FRQVHUYDWR LQ XQ OXRJR SXOLWR H SULYR GL SROYHUH 3XOLUOR HVFOXVLYDPHQWH FRQ XQ SDQQR PRUELGR LQXPLGLWR 3HU HYLWDUH SHJJLRUDPHQWL GHOOH SUHVWD]LRQL DVVLFXUDUVL FKH O DQWHQQD GHO WHOHIRQR QRQ VLD FXUYDWD HR FKH QRQ SUHVHQWL DOWUL GDQQL 1RQ VPRQWDUH O DQWHQQD 6H O DQWHQQD q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q HVWUDLELOH HVWUDUOD GXUDQWH OD FRQYHUVD]LRQH 1RQ WRFFDUH O DQWHQQD FRQ OH PDQL TXDQGR LO WHOHIRQR q LQ IXQ]LRQH &Lz SHQDOL]]D OD TXDOLWj GHOOD FRQYHUVD]LRQH ROWUH D ULFKLHGHUH DO WHOHIRQR XQ DXPHQWR GHOOD SRWHQ]D FRQ FRQVHJXHQWH ULGX]LRQH GHO WHPSR XWLOH GL FRQYHU VD]LRQH H GL VWDQGE\ 6H VXO WHOHIRQR q SUHVHQWH XQ XVFLWD DJOL LQIUDURVVL QRQ ULYROJHUH PDL LO UDJJLR YHUVR JOL RFFKL H DVVLFXUDUVL FKH LO UDJJLR HPHVVR QRQ GLVWXUEL DOWUH XQLWj DG LQIUDURVVL (QHUJLD GL UDGLRIUHTXHQ]D , O WHOHIRQR q XQ DSSDUHFFKLR UDGLR ULFHWUDVPLWWHQWH H TXDQGR q DFFHVR ULFHYH H LQYLD VHJQDOL LQ UDGLRIUHTXHQ]D 5) , WHOHIRQL FHOOXODUL IXQ]LRQDQR FRQ JDPPH GL IUHTXHQ]D GLYHUVH D VHFRQGD GHO WLSR GL WHOHIRQR H XWLOL]]DQR OH FRPXQL WHFQLFKH GL PRGXOD]LRQH 'XUDQWH O XVR LO VLVWHPD FKH JHVWLVFH OH FKLDPDWH FRQWUROOD OD SRWHQ]D GL WUDVPLVVLRQH LPSLHJDWD GDO WHOHIRQR (VSRVL]LRQH D HQHUJLD D UDGLRIUHTXHQ]D UDGLRIUHTXHQ]D SURGRWWL GDJOL DSSDUHFFKL FHOOXODUL SDOPDUL 6HFRQGR WDOH GRFXPHQWR FKH VL EDVD VXOOD OHWWHUDWXUD VFLHQWLILFD GLVSRQLELOH QRQ YL q SURYD FKH JOL DSSDUHFFKL FHOOXODUL FRQIRUPL DL OLPLWL UDFFRPDQGDWL SRVVDQR QXRFHUH LQ DOFXQ PRGR DOOD VDOXWH 7XWWL JOL DSSDUHFFKL (ULFVVRQ VRQR FRQIRUPL DOOH VSHFLILFKH , &1, 53 QRQFKp DJOL VWDQGDUG LQWHUQD]LRQDOL VXL YDUL WLSL GL HVSRVL]LRQH TXDOL 6WDQGDUG SUHOLPLQDUH HXURSHR &(1(/(& (19 (XURSD $16, , ((( & 86$ 6XGHVW $VLDWLFR $61=6 , QW $XVWUDOLD 1XRYD =HODQGD $WWHQHUVL DOOH OHJJL H DOOH GLVSRVL]LRQL YLJHQWL VXOO XVR GHL WHOHIRQL FHOOXODUL TXDQGR VL YLDJJLD LQ DXWRPRELOH 3HU XWLOL]]DUH LO WHOHIRQR PHQWUH VL JXLGD q QHFHVVDULR 3UHVWDUH OD PDVVLPD DWWHQ]LRQH DOOD JXLGD 6H GLVSRQLELOH XWLOL]]DUH XQ NLW YLYD YRFH (ULFVVRQ SHU DXWRYHWWXUD , Q PROWL SDHVL WUD FXL O , WDOLD q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j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z FDXVDUH IHULWH JUDYL /D PDJJLRU SDUWH GHOOH DSSDUHFFKLDWXUH HOHWWURQLFKH PRGHUQH FRPH TXHOOH GHJOL RVSHGDOL H GHOOH YHWWXUH q VFKHUPDWD FRQWUR OH HPLVVLRQL GL UDGLRIUHTXHQ]D $OWUH DSSDUHFFKLDWXUH QRQ OR VRQR 3HU TXHVWR PRWLYR 1RQ XVDUH LO WHOHIRQR SRUWDWLOH LQ SURVVLPLWj GL DSSDUHFFKLDWXUH PHGLFDOL VHQ]D YHULILFDUH FKH FLz VLD FRQVHQWLWR $OWUL GLVSRVLWLYL HOHWWURQLFL RW 1 , WHOHIRQL FHOOXODUL SRVVRQR LQIOXLUH VXO IXQ]LRQDPHQWR GL DOFXQL SDFHPDNHU H VX DOWUL GLVSRVLWLYL PHGLFDOL DG LPSLDQWR , SRUWDWRUL GL SDFHPDNHU GHYRQR SUHVWDUH SDUWLFRODUH DWWHQ]LRQH LQ TXDQWR O XVR GL XQ WHOHIRQR SRUWDWLOH YLFLQR DO SDFHPDNHU SXz FDXVDUQH XQ PDO 3UHFDX]LRQL SHU OD VLFXUH]]D H SHU LO FRUUHWWR XVR U& IR P R HU P $HUHL IXQ]LRQDPHQWR (YLWDUH TXLQGL GL DSSRJJLDUH LO WHOHIRQR LQ FRUULVSRQGHQ]D GHO SDFHPDNHU DG HVHPSLR ULSRQHQGROR QHO WDVFKLQR 6L FRQVLJOLD GL DSSRJJLDUH LO WHOHIRQR DOO RUHFFKLR GHOOD SDUWH RSSRVWD ULVSHWWR DO SDFHPDNHU 8QD GLVWDQ]D GL FP q VXIILFLHQWH D OLPLWDUH LO ULVFKLR GL LQWHUIHUHQ]D WUD WHOHIRQR H SDFHPDNHU 6H VL ULWLHQH FKH YL VLDQR GHOOH LQWHUIHUHQ]H VSHJQHUH LPPHGLDWDPHQWH LO WHOHIRQR 3HU XOWHULRUL LQIRUPD]LRQL ULYROJHUVL DO SURSULR PHGLFR GL ILGXFLD , O WHOHIRQR SXz LQWHUIHULUH DQFKH FRQ DOFXQL WLSL GL SURWHVL DFXVWLFKH , Q FDVR GL LQWHUIHUHQ]H ULYROJHUVL DO &DOO&HQWUH (ULFVVRQ SHU LQIRUPD]LRQL VX SRVVLELOL DOWHUQDWLYH LD F VH O8 6SHJQHUH LO WHOHIRQR SULPD GL VDOLUH LQ DHUHR 1RQ XVDUOR SULPD GHO GHFROOR VHQ]D LO SHUPHVVR GHOO HTXLSDJJLR 3HU HYLWDUH LQWHUIHUHQ]H FRQ L VLVWHPL GL FRPXQLFD]LRQH QRQ q FRQVHQWLWR O XVR GHO WHOHIRQR GXUDQWH LO YROR $UHH LQ FXL VL YHULILFDQR HVSORVLRQL 6SHJQHUH LO WHOHIRQR TXDORUD FL VL WURYL LQ XQ DUHD LQ FXL SRVVRQR YHULILFDUVL HVSORVLRQL *OL RSHUDL DGGHWWL DOOH FRVWUX]LRQL XWLOL]]DQR VSHVVR GHJOL DSSDUHFFKL WHOH FRPDQGDWL D UDGLRIUHTXHQ]D SHU LQQHVFDUH JOL HVSORVLYL $UHH SRWHQ]LDOPHQWH HVSORVLYH 6SHJQHUH LO WHOHIRQR TXDORUD FL VL WURYL LQ XQ DUHD LQ FXL SRVVRQR YHULILFDUVL HVSORVLRQL 6HEEHQH VLD UDUR LO WHOHIRQR SXz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j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q PDL FRQVLJOLDELOH IDUH DIILGDPHQWR HVFOXVLYDPHQWH VX XQ WHOHIRQR SRUWDWLOH SHU FRPXQLFD]LRQL LPSRUWDQWL DG HVHPSLR SHU HPHUJHQ]H PHGLFKH 3HU ULFHYHUH HG HIIHWWXDUH FKLDPDWH q QHFHVVDULR FKH LO WHOHIRQR VLD DFFHVR H FKH VL WURYL LQ XQ DUHD FRSHUWD GDO VHUYL]LR LQ FXL LO VHJQDOH DEELD LQWHQVLWj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j ULGRWWD OH SULPH YROWH FKH YHQJRQR XWLOL]]DWH /H GXUDWH LQ FRQYHUVD]LRQH H LQ VWDQGE\ GLSHQGRQR GDOOH UHDOL FRQGL]LRQL GL WUDVPLVVLRQH 6H LO WHOHIRQR YLHQH XWLOL]]DWR LQ SURVVLPLWj GL XQD VWD]LRQH ILVVD OD SRWHQ]D LPSLHJDWD VL ULGXFH FRQ FRQVHJXHQWH DXPHQWR GHL WHPSL GL FRQYHUVD]LRQH H GL VWDQGE\ 8WLOL]]DUH VROR EDWWHULH RULJLQDOL H FDULFDEDWWHULH (ULFVVRQ / XVR GL DFFHVVRUL QRQ RULJLQDOL q SRWHQ]LDOPHQWH SHULFRORVR H OD JDUDQ]LD QRQ FRSUH GLIHWWL GHO SURGRWWR FDXVDWL GD WDOH XVR /D EDWWHULD QRQ YD HVSRVWD D WHPSHUDWXUH HOHYDWH RYYHUR VXSHULRUL D & ) 3HU DVVLFXUDUH XQD GXUDWD RWWLPDOH GHOOD EDWWHULD XWLOL]]DUOD D WHPSHUDWXUD DPELHQWH /D FDSDFLWj SXz GLPLQXLUH VH OD EDWWHULD YLHQH XWLOL]]DWD D WHPSHUDWXUH EDVVH /D EDWWHULD YD FDULFDWD VROR D WHPSHUDWXUH FRPSUHVH WUD & ) H & ) 3ULPD GL HVWUDUUH OD EDWWHULD VSHJQHUH LO WHOHIRQR 8VR H FXUD GHOOD EDWWHULD RW 1 U& IR P R HU P 8WLOL]]DUH OD EDWWHULD VROR SHU OR VFRSR SUHYLVWR 1RQ WHQWDUH GL VPRQWDUH OD EDWWHULD (YLWDUH FKH L FRQWDWWL PHWDOOLFL GHOOD EDWWHULD WRFFKLQR DOWUL RJJHWWL LQ PHWDOOR LQ TXDQWR FLz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q HIIHWWXDWR O DFTXLVWR 6H FLz QRQ q SRVVLELOH ULYROJHUVL DO &DOO &HQWUH GL (ULFVVRQ R DOOD VRVWLWX]LRQH GHO SURGRWWR DOOH FRQGL]LRQL GL VHJXLWR SUHYLVWH /D JDUDQ]LD /D (ULFVVRQ JDUDQWLVFH FKH LO SURGRWWR DO PRPHQWR GHOODFTXLVWR H SHU XQ VXFFHVVLYR SHULRGR GL GRGLFL PHVL q SULYR GL GLIHWWL GL FRVWUX]LRQH R UHODWLYL DL PDWHULDOL LPSLHJDWL 7XWWL JOL DFFHVVRUL RULJLQDOL GHO SURGRWWR VRQR FRSHUWL GD JDUDQ]LD SHU GRGLFL PHVL GDOOD GDWD GL DFTXLVWR 5HVSRQVDELOLWj 6H GXUDQWH LO SHULRGR GL JDUDQ]LD LO SURGRWWR LQ FRQGL]LRQL QRUPDOL GL XWLOL]]R GRYHVVH SUHVHQWDUH PDOIXQ]LRQDPHQWL GRYXWL D GLIHWWL GL FRVWUX]LRQH R UHODWLYL DL PDWHULDOL LPSLHJDWL OD (ULFVVRQ R FKL GD HVVD DXWRUL]]DWR FRQVRFLDWH GLVWULEXWRUL DXWRUL]]DWL R &HUWLILHG 6HUYLFH &HQWUH SURFHGHUj D SURSULD GLVFUH]LRQH DOOD ULSDUD]LRQH RW 1 U& IR P R /D JDUDQ]LD q YDOLGD VROR VH LO SURGRWWR GD ULSDUDUH R VRVWLWXLUH q DFFRPSDJQDWR GDOOD ULFHYXWD ULODVFLDWD DO PRPHQWR GHO SULPR DFTXLVWR FRQ O LQGLFD]LRQH GHOOD GDWD H GHO QXPHUR SURJUHVVLYR /D (ULFVVRQ VL ULVHUYD LO GLULWWR GL QRQ HIIHWWXDUH OD ULSDUD]LRQH LQ JDUDQ]LD VH TXHVWH LQIRUPD]LRQL ULVXOWDVVHUR FDQFHOODWH R PRGLILFDWH GRSR LO SULPR DFTXLVWR GHO SURGRWWR GDO ULYHQGLWRUH 4XDORUD (ULFVVRQ SURFHGD DOOD ULSDUD]LRQH R DOOD VRVWLWX]LRQH GHO SURGRWWR GHWWR SURGRWWR JRGUj GL XQ SHULRGR GL JDUDQ]LD SDUL DOOD SDUWH UHVLGXD GHOOD JDUDQ]LD RULJLQDOH RSSXUH GL QRYDQWD JLRUQL GDOOD GDWD GL ULSDUD]LRQH YDOH LO SHULRGR SL OXQJR /D ULSDUD]LRQH R OD VRVWLWX]LRQH SRWUDQQR HVVHUH HIIHWWXDWH DQFKH WUDPLWH FRPSRQHQWL ULJHQHUDWL FRQ IXQ]LRQDOLWj HTXLYDOHQWL /H SDUWL R L FRPSRQHQWL GLIHWWRVL VRVWLWXLWL GLYHQWHUDQQR GL SURSULHWj GHOOD (ULFVVRQ /D SUHVHQWH JDUDQ]LD QRQ FRSUH HYHQWXDOL JXDVWL GRYXWL DOOD QRUPDOH XVXUD DG XVR QRQ DSSURSULDWR H QRQ FRQIRUPH DO QRUPDOH IXQ]LRQDPHQWR LQGLFDWR QHOOH LVWUX]LRQL SHU O XVR H OD PDQXWHQ]LRQH DG HYHQWL DFFLGHQWDOL D PRGLILFKH R DGDWWDPHQWL FDXVH GL IRU]D PDJJLRUH YHQWLOD]LRQH QRQ DGHJXDWD H GDQQL GHULYDQWL GDO FRQWDWWR FRQ OLTXLGL /D JDUDQ]LD QRQ FRSUH DOWUHVu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q SRVVLELOH XVXIUXLUH GHO VHUYL]LR GL DVVLVWHQ]D WHFQLFD HQWUR LO SHULRGR GL YDOLGLWj GHOOD JDUDQ]LD LQ TXDOVLDVL SDHVH LQ FXL LO SURGRWWR GD ULSDUDUH VLD LGHQWLFR D TXHOOL YHQGXWL GD XQ GLVWULEXWRUH DXWRUL]]DWR (ULFVVRQ 3HU VDSHUH VH LO *DUDQ]LD OLPLWDWD U& IR P R HU P SURGRWWR GL FXL VL GLVSRQH q FRPPHUFLDOL]]DWR QHO SDHVH FRQWDWWDUH LO &DOO &HQWUH ORFDOH 3HU XVXIUXLUH GHL VHUYL]L GL DVVLVWHQ]D WHFQLFD q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j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

DISCLAIMER PER SCARICARE LA GUIDA PER L'USO DI SONY ERICSSON T20S

Lastmanuals offre un servizio di condivisione, archiviazione e ricerca di manuali collegati all'uso di hardware e software: la guida per l'uso, il manuale, la guida rapida, le schede tecniche…
Lastmanuals non può in alcun modo essere ritenuta responsabile se il documento che state cercando non è disponibile, incompleto, in una lingua differente dalla vostra, o se il modello o la lingua non corrispondono alla descrizione. Lastmanuals, per esempio, non offre un servizio di traduzione.

Clicca su "Scarica il manuale d'uso" alla fine del Contratto se ne accetti i termini: il download del manuale SONY ERICSSON T20S inizierà automaticamente.

Cerca un manuale d'uso

 

Copyright © 2015 - LastManuals - Tutti i diritti riservati.
Marchi di fabbrica e i marchi depositati sono di proprietà dei rispettivi detentori.

flag