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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (37243)	3/15/2001 8:10:24 AM
From: IQBAL LATIF	Respond to of 50167

Nokia says Q1 margins to be better than expected Nokia (us:nok), the world's biggest maker of mobile phones, said it expects solid first quarter growth with better than anticipated margins. However, the company (se:000053994) said that it now expects sales growth of 20 percent versus its earlier forecast of 25-30 percent growth. Nokia also said it expects first quarter earnings per share in line with earlier expectations of €0.19. However, the Finnish company did cut its forecast for global mobile phone sales this year to 450-500 million units form its earlier forecasts for sales of 500-550 million units. Shares rose 7.5 percent to €26.40. Thursday's statement from Nokia follows recent profit warnings from rivals such as Ericsson (se:000010865) (us:ericy), Motorola (us:mot) and Matsushita (us:mc). Nokia's set to report its first quarter results on April 20.