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Politics : Formerly About Applied Materials

AMAT 323.63

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To: StanX Long who wrote (56385)	11/28/2001 12:48:28 AM
From: StanX Long	Read Replies (1) of 70976

Nokia cuts industry outlook November 27, 2001: 4:32 p.m. ET money.cnn.com World's largest cell phone maker drops 2001 sales forecast and shares follow. Nokia Q3 earning falls - Oct. 19, 2001 NEW YORK (CNN/money) - Nokia shares fell sharply Tuesday after the world's largest cell phone maker reiterated its fourth-quarter sales and earnings estimates but revised its industry sales figures downward. Nokia's (NOK: down $1.52 to $23.72, Research, Estimates) chief financial officer said the company is comfortable with the forecast given in October, when it lowered fourth-quarter estimates to between 0.18 and 0.20 per share from 0.25 per share. CNNfn's Bruce Francis chats with Nokia's CFO about the outlook for 2002. The company also said it is comfortable with 25 percent sequential sales growth for its mobile handset business in the fourth quarter. "Based on what experience (we have) so far and based on the current outlook for the remainder of the quarter, we really are in a position to renew the financial guidance...this includes all elements of the guidance," said Nokia's CFO, Olli-Pekka Kallasvou, during an analyst conference broadcast in New York.

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