Nokia shares sink in response to research note
Nokia’s shares slid today as a result of Mandatum Bank’s research note questioning the company’s ability to meet its sales target for the third quarter. The research firm’s anxiety was based on weak market conditions.
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Mandatum expects to see a profit warning before Nokia releases its Q3 results October 19.
In other news, Nokia announced that it has successfully completed a wideband CDMA voice call via a commercial 3rd Generation Partnership Program [3GPP] system. The call was conducted using a 3GPP standard-compatible commercial network and commercial versions of Nokia 3GPP standard-compatible mobile terminals in WCDMA and GSM modes.
Representatives of Finnish operators Radiolinja and Sonera placed the call between Nokia’s laboratories in Oulu and Salo, Finland.
--Kelly Carroll, staff writer
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© 2012 Penton Media Inc.
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