Nokia's Signal Isn't Really Fading
The news was a shocker. Nokia Corp., Finland's hugely successful maker of mobile phones and other electronics, announced on Feb. 28 that 1995 net earnings had dropped 43%--after a $505 million restructuring charge. Worse, the company issued a profit warning for the first half of 1996. Nokia shares, which had been dropping for months, sank further, settling at 36, almost 50% below the September high.
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