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Politics : Idea Of The Day
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To: LABMAN who wrote (36265)1/9/2001 10:00:02 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Nokia announced 64% growth year-on-year in handset sales, which totaled 128 million compared to analyst forecasts for as much as 140 million. Amid concern over slowing global handset demand, many analysts fear that mobile-phone companies are propping up sales by slashing prices. That's no good for earnings or for stock price valuations.

Nokia did not change its forecasts for the next few years. In early December -- in the thick of a sharp correction in companies' earnings forecasts -- Nokia was one of the few to issue encouraging words . At that time, the world's biggest mobile-phone maker had said it expected growth for 2001 through 2003 to be at the high end of the 25% to 35% range.
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