LONDON (CBS.MW) - Nokia shares tumbled 6 percent in Finland on Monday after broker Morgan Stanley downgraded its rating on the stock to "underperform" four days ahead of scheduled December quarter results from the world's largest mobile handset maker.
The week will be key for the handset makers with Nokia (NOK: news, chart, profile), number two Motorola (MOT: news, chart, profile), Ericsson (ERICY: news, chart, profile) and Siemens (SI: news, chart, profile) all slated to post December quarter results and wind up a difficult year in an industry beset by competitive pricing in the midst of a downturn. |
