Converting 3GP (Nokia phone video) to MPEG4

I have a Nokia phone that records excellent quality video. Played back on the Nokia PC suite video player on my laptop the quality is very satisfactory.

However, if I "save as" mpeg, the resolution drops, the compression increases and it becomes utterly awful.

Any suggestions of how to change file formats without losing the video quality?

I record all video in the highest quality the phone can do.
Sorry Ex_stab aint been on arrse in a ages. google SuperC good program i use it for my mobile videos.
I use Any Video Converter at

Easy and free. It'll also download and convert directly from youtube.

Manufacturers blurb:
Any Video Converter is an all-in-one video converting freeware with easy-to-use graphical interface, fast converting speed, and excellent video quality. It can convert almost all video formats including DivX, XviD, MOV, RM, RMVB, MPEG, VOB, DVD, WMV, and AVI to MPEG-4 movie format for PSP or other portable video device, MP4 player, or Smartphones.

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