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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (32912)	10/21/1999 9:37:00 AM
From: Duker	Read Replies (2) \| Respond to of 70976

Nokia sets 2000 sales growth target at 25-35 pct HELSINKI, Oct 21 (Reuters) - Finnish telecom equipment maker Nokia sees its sales returning to its long-term growth target of 25 to 35 percent after expected expansion of over 40 percent this year, the group's head said on Thursday. ``We remain fully committed to our previously stated long-term sales growth target of 25 to 35 percent also for the year 2000,' Chief Executive Jorma Ollila told a conference call after Nokia reported higher third-quarter earnings. Nokia's third-quarter pretax profit jumped 36 percent to 937 million euros ($1.01 billion), and its Q3 sales rose 49 percent to 5.04 billion euros, with business especially strong in its handset division where sales rose 58 percent.