Nokia warning startles markets

Article Abstract:

Nokia's shares fell by 19% to $23.26 per share after the world's biggest manufacturer of cell phones said its revenue for 2nd qtr would grow only by 10% from the year-ago period. Nokia CEO Jorma Ollila said current market conditions are worst than earlier thought and the economic slowdown in the US is starting to spread to the rest of the world. Due to these factors, its quarterly earnings would amount to only 12.8 cents to 14.5 cents per share, down from earlier estimates of 17 cents per share. Nokia has a 35% share of the global market for cellular phones.

Finland, Nokia Osakeyhtiot AB

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Nokia sales, up 64%, fail to please

Article Abstract:

Nokia, the world's leading maker of cellular telephones, reported sales of 128 million handsets in 2000, which translates to a 64% increase over 1999 figures. However, analysts expectations of handset sales were 140 million. Thus, despite the huge increase over 1999 sales, its stock tumbled by almost 9% to $39.31. Its rivals Motorola and Ericsson also suffered with stock dropping by nearly 50% and almost 5%, respectively.

Nokia Corp.

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Let the cellphone switcheroo begin

Article Abstract:

New government rules in 2003 will let 152 million cellphone users in the United States take their current cell numbers with them to a new carrier serving their local area. Consumer advocates overwhelmingly applaud the new rules, which they expect to forces carriers to compete harder on prices, service and features.

Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Laws, regulations and rules, Cellular telephones, Wireless telephone, Wireless voice/data device

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