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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: LABMAN who wrote (8718)	1/9/2001 7:04:42 AM
From: Kent Rattey	Read Replies (2) \| Respond to of 34857

This is why: "Nokia's market share has declined from the third quarter to the fourth quarter for the first time in years," he said. Nokia tanks on 2000 sales figures By Gareth Vaughan, FTMarketWatch 11:32:00 AM GMT Jan 9, 2001 LONDON (FTMW) -- Shares in Nokia [US:NOK] slumped as much as 14 percent after the world's biggest mobile phone maker said it sold 128 million cellphones during 2000 and estimated the global market at 405 million, lower than many analysts had expected. "This is a profit warning," said Jan Werding, telecoms equipment analyst at Carnegie in Stockholm. "Consensus estimates were for some 440 million sales." Nokia said its own figure of 128 million mobiles sold was a 64 percent increase on 1999 when the company sold 78.5 million. The 405 million figure for total global sales was 45 percent higher than in 1999 when all cellphone makers sold some 280 million cellular phones worldwide. Shares in Nokia were last off 9.35 percent at €40.7. Falling marketshare But Werding said Nokia's sales of 128 million, giving it 31.6 percent market share for the year, means its slice of the market fell in the fourth quarter to 31 percent from 33 percent in the third quarter. "Nokia's market share has declined from the third quarter to the fourth quarter for the first time in years," he said. Still, other observers thought the market reaction was overdone. Susan Anthony, telecoms equipment analyst at Credit Lyonnais in London, said the figure of 405 million for total global sales was slightly lower than her own expectation of 410 million, but in line with Nokia's own predictions. "Nokia had consistently said over 400 million," Anthony said. "This is the leading company in the market who we all recognise understands this market better than anyone else," she added. She said the tumble in Nokia's share price showed that the market was still very nervous and that people are still misreading it. Nokia said it estimates there are about 700 million cellphone users worldwide now, or roughly 12 percent of the world's population. Gareth Vaughan is a reporter for FTMarketWatch in London