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Nokia shares take 'icy plunge' after profit warningTelegraph.co.uk - Josephine Moulds - 31 May, 2011Nokia shares crashed 22pc after the world's largest mobile phone company said it might not make a profit in its core business this quarter, slashed revenue forecasts, and scrapped all targets for 2011. Stephen Elop, chief executive, said earlier this ... |
Nokia drops targets, shares slump to 13-year lowReuters Africa - Ritsuko Ando - 31 May, 2011HELSINKI, May 31 (Reuters) - Mobile phone maker Nokia Oyj (NOK1V.HE: Quote) abandoned hope of meeting key targets just weeks after setting them, raising questions over whether its new boss can deliver on the turnaround he promised in ... |
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Nokia shares dive after sales warningThe Guardian - 31 May, 2011Nokia is to switch from the Symbian OS to Microsoft's Windows Phone software as part of its recovery plan. Photograph: Luke MacGregor/Reuters Shares in the Finnish phone maker Nokia plunged by 15% on Tuesday as the company warned that it may make no ... |
Nokia Shares Hit 13-Year Low on Forecast CutBloomberg - Kati Pohjanpalo - 31 May, 2011Nokia Oyj (NOK1V) slumped to the lowest price in 13 years in Helsinki trading after cutting its forecasts for the devices and services unit on lower prices and competition from Google Inc. (GOOG) and ... |
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Nokia CEO Elop: We Need A "Challenger Mindset" (NOK)San Francisco Chronicle - Matt Rosoff - 31 May, 2011This morning Nokia lowered its guidance for Q2 and said that it would stop issuing annual guidance because the market is changing too fast. That news must have been on CEO Stephen Elop's mind when he gave a video interview in the company's Chinese ... |
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Nokia gives up predicting salesRegister - Bill Ray - 31 May, 2011Nokia is predicting Q2 sales to be "substantially below" its previous estimates, and says it won't provide public targets anymore as the company tries to adjust to the new reality. In its statement to the stock ... |
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NOK Drops 15%: 'Burning Platform' SinkingBarron's (blog) - Tiernan Ray - 31 May, 2011Shares of Nokia (NOK) are down 90 cents, or 11%, at $7.30 $1, or 12.2%, at $7.20 $1.28, or almost 16%, at $6.91 this morning after the company this morning warned the current quarter is tracking much worse than it had expected, ... |
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Nokia shares tumble 13% on sales warningCNN - David Goldman - 31 May, 2011NEW YORK (CNNMoney) -- Shares of Finnish mobile phone giant Nokia plummeted Tuesday after the company said it expects device sales to come in "substantially below" its quarterly estimates. ... |
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Nokia share price plummets as it lowers outlookAFP - 31 May, 2011HELSINKI â€" The world's top mobile phone maker Nokia on Tuesday downgraded its second quarter outlook, saying sales would be far lower than expected and that it could no longer give a full-year forecast. "Nokia now expects Devices and Services net sales ... |
Nokia Confident About First Windows Phone Arriving in Q4PCWorld - 31 May, 2011By Mikael Ricknäs, IDG News Nokia has "increased confidence" that the first of its smartphones with Windows Phone will ship in the fourth quarter, the company said on Tuesday. Nokia's CEO Stephen Elop seems to have set his sights on getting a Windows ... |
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Nokia warns earnings will be worse than expectedNewsday (subscription) - 31 May, 2011By AP (AP) -- Nokia Corp. said Tuesday its second-quarter earnings will be worse than earlier expected because of falling sales and tough competition in the smartphone market. Shares in the company plunged more than 10 percent on the news, ... |
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Nokia Shares Slump on Lowered Outlook for Devices, ServicesBloomberg - Simon Thiel - 31 May, 2011Chief Executive Officer Stephen Elop turned to Microsoft 's Windows Phone 7 to restore Nokia's smartphone prospects after determining that the company's own Symbian and MeeGo systems couldn't keep up with ... |
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Nokia: 2011 going from bad to worse; Windows Phone 7 device in Q4ZDNet (blog) - Larry Dignan - 31 May, 2011Nokia cut its second quarter and 2011 outlook as it struggles to fend off competition and is watching average selling prices for its devices tank. Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as ... |
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Nokia warns of weaker sales, shares dropReuters - Luke MacGregor, Andrew Callus - 31 May, 2011A man talks on his mobile phone as he walks past an advertisment for the new Nokia N8 on Oxford Street in London, September 30, 2010. By Ando Ritsuko HELSINKI (Reuters) - Mobile phone maker Nokia Oyj slashed its sales and profit outlook on Tuesday and ... |
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Nokia downgrades sales forecastBBC News - 31 May, 2011Mobile phone giant Nokia has said it expects sales and profit margins for the current quarter to be well below its previous forecasts. Lower selling prices and gross margins together with general market trends were behind the downgrade for its Devices ... |
Nokia Warns Of Weaker Smartphone Sales, ProfitWall Street Journal - Arild Moen - 31 May, 2011HELSINKI (Dow Jones)--Finland-based mobile phone maker Nokia Oyj (NOK) Tuesday warned it expects net sales of its smartphones and services to be substantially lower than expected due to lower than expected average selling prices and ... |
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Nokia Sees Q2 Worse Than Expected; Shares WhackedForbes (blog) - Eric Savitz - 31 May, 2011Nokia shares are down sharply Tuesday morning after the cell phone maker said the outlook for both Q2 and all of 2011 are worse than the company previously expected. The bottom line is that Nokia is getting crushed by an increasingly ... |
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Nokia Reduces Devices, Services Forecast; Shares Slump 13%San Francisco Chronicle - 31 May, 2011May 31 (Bloomberg) -- Nokia Oyj, which was overtaken by Apple Inc. as the largest maker of mobile phones last quarter, cut its sales forecast on lower prices and competition from rivals including Google Inc. The stock plunged as much as 13 percent. ... |
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NOKIA WARNS Q2 RESULTS WILL BE WORSE THAN EXPECTEDAgenzia Giornalistica Italia - 31 May, 2011(AGI) Helsinki - Nokia warned of worse-than-expected Q2 results and postponed the release of its full-year estimates. Meanwhile Nokia shares dropped 12%. Nokia has since long been unable to keep up with rivals like Apple in the smartphone market. ... |
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Nokia cancels financial targets for 2011ZDNet UK (blog) - David Meyer - 31 May, 2011Anticipating annual sales and profits to turn out substantially below its previous forecasts, Nokia has cancelled its outlook for the year. In a statement on Tuesday, noting that "multiple factors are ... |
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Nokia lowers Devices & Services second quarter 2011 outlook and updates full ...Reuters (press release) - 31 May, 2011Espoo, Finland - Nokia today commented on factors impacting its business and updated its second quarter and full year 2011 outlook for Devices & Services. During the second quarter 2011, multiple factors are negatively impacting Nokia's Devices ... |
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Nokia: Rivals Taking Advantage?Wall Street Journal (blog) - Gustav Sandstrom - 31 May, 2011The burning platform is a little bit hotter. Nokia shares are down nearly 11% before hours, after the company issued a sales warning for the quarter, citing lower than expected average selling prices and mobile volumes. ... |
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Nokia Warns Of Weaker Devices & Services Sales, ProfitWall Street Journal - Arild Moen - 31 May, 2011HELSINKI (Dow Jones)--Finland-based mobile phone maker Nokia Oyj (NOK) Tuesday warned it expects net sales of its Devices & Services division to be substantially below its previously expected range of EUR6.1 billion ... |
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Nokia lowers outlook as prices dipRTE.ie - 31 May, 2011Mobile phone giant Nokia has said its second-quarter and full-year results will be worse than earlier expected. Mobile phone giant Nokia has said its second-quarter and full-year results will be worse than earlier expected because of tough competition, ... |
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Nokia plunges after sales warningNational Post (registration) - 31 May, 2011STOCKHOLM â€" Nokia, the world's biggest phone maker by volume, warned on Tuesday that sales and margins would fall well below its previous guidance and dropped its full-year outlook, sending its shares down 10%. Nokia, which has been losing ground in ... |
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Nokia Shares Tumble 13% On Sales WarningWJAC Johnstown - David Goldman - 31 May, 2011NEW YORK (CNNMoney) -- Shares of Finnish mobile phone giant Nokia plummeted Tuesday after the company said it expects device sales to come in "substantially below" its quarterly estimates. The company said many factors played into the ... |
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Nokia stock hits 13-year low, forecasts cut 'substantially'RCR Wireless - Matt Kapko - 31 May, 2011Nokia Corp.'s (NOK) stock hit a 13-year low today after the Finnish handset maker "substantially" cut its forecasts for devices and services in the current quarter. The company said today that sales from devices and services will be "substantially" ... |
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Nokia Adjusts Outlook, Shares FallWireless Week - Andrew Berg - 31 May, 2011Nokia today adjusted its second-quarter and full-year guidance, citing "multiple factors" that will negatively impact the company's Devices & Services business to a greater extent than previously expected. ... |
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Nokia substantially downgrades outlook for Q2 and 2011All About Symbian - Rafe Blandford - 31 May, 2011Nokia today updated its outlook for Q2 2011, substantially downgrading previous forecasts. The company says it now expects net sales to be "substantially below its previously expected range of €6.1 billion to €6.6 billion" and that, "Devices & Services ... |
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Nokia Connection 2011: Will we see the new Nokia Windows Phones?NokNok.tv - Martin James - 31 May, 2011Nokia Connection is a huge event in the Nokia calendar every year, but this year's promises to be even bigger than normal, as there's every chance we'll get our first glimpse of the nice shiny Windows Phone 7-powered Nokias ... |
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