Hello......anyone here? Did you buy?
John
Nokia shares fall to five-year low
Bloomberg News
Shares of Nokia Oyj, the world's largest mobile-phone maker, fell to their lowest point in more than five years as competitors gained market share with more popular models.
The shares fell 11 cents to $13.08 on the New York Stock Exchange.
As Motorola and Samsung Electronics models with cameras and color screens gain in popularity, Nokia said last month that revenue may drop for a fourth straight quarter. Revenue at Nokia, based in Espoo, Finland, fell in 2002 and 2003 as Western markets became saturated, phone prices slipped and the dollar slumped against the euro.
Shares of Nokia have declined 20.5 percent this year. Shares of Motorola, the second-biggest handset maker, have gained 34 percent. No. 3 Samsung's shares have climbed 1.6 percent. Nokia's decline this year means that Samsung has overtaken the Finnish company as the world's largest technology company outside the United States, based on market value. |
