Is Nokia's Star Dimming?
It's fast becoming the Helsinki conundrum. When cell-phone king Nokia is thrashing Ericsson and Motorola, and those two announce dreadful earnings, what's to stop jittery tech investors from punishing the whole sector, including Nokia? In markets like today's, where fear rules supreme, absolutely nothing. So Nokia Chairman Jorma Ollila is taking preemptive steps. A day or two before his rivals release their numbers, Ollila often puts out some good news of his own. It's a nod and a wink to investors.
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