Nokia Is Shopping For A New Number

It needs a big acquisition to develop the mobile Internet

You would think Nokia Corp. CEO Jorma Ollila could loll a few extra minutes in his sauna. His Finnish telecom giant has triumphed beyond analysts' wildest expectations, racing past Motorola Inc. and Ericsson by nearly every measure in the cellular phone business. Last year, Nokia's revenues, powered by booming U.S. sales, grew 51%, to $15.7 billion, with profits up 67%, to $2.1 billion. Its stock price has doubled in the past year. And to crown Ollila's rise, his board in Helsinki just named him chairman, strengthening his grip on the company.

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