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Politics : Formerly About Applied Materials

AMAT 260.77

+0.2%

Dec 24 12:59 PM EST

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To: advocatedevil who wrote (59142)	1/22/2002 11:47:07 AM
From: Sam Citron	Read Replies (1) of 70976

11:21AM Nokia hurt by Morgan Stanley downgrade Nokia (NOK) is dropping $1.63, or 7.2 percent, to $20.87, in midday action. Shares of the Finnish mobile telecommunications giant are selling off in the wake of a downgrade by Morgan Stanley Dean Witter, which slashed its rating on the stock to "underperform" from "neutral." In a note issued Monday, the firm said it expects the shares to fall roughly 40 percent from their Friday close of $22.50 due to its anticipation of a slide in worldwide handset sales. Nokia is scheduled to report its fourth-quarter results on Jan. 24. Analysts polled by Thomson Financial/First Call are looking for a profit of 18 cents a share on average in the period. Among other handset makers, Ericsson (ERICY) is down 23 cents, or 4.8 percent, to $4.58, while Motorola (MOT) is off 40 cents, or 2.8 percent, to $13.85. bigcharts.marketwatch.com

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