Nokia Lowers Horizon

Herring, Red
November 2008
Red Herring;11/14/2008, p6
Trade Publication
The article reports on the forecast of Nokia that global sales of mobile phone will drop to 330 million units in the next quarter in 2009. The world's largest maker of mobile phones blamed the global economic slowdown and cautiousness in consumers. Nokia also indicated it will curtail use of external contractors, consultants and professional services and continue to reduce operating expenses.


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