Surprise! Nokia Doesn't Walk on Water

Its about-face on growth will hurt credibility, and it shows that mobile data transmission is so far a dud

A year ago, the vision looked so alluring. As Europeans surfed the Web via their mobile phones, a new generation of speedy, data-friendly handsets would fly off store shelves. No one embraced this idea more enthusiastically than Jorma Ollila, chief of Finland's Nokia, the world's largest and most profitable mobile-phone maker.

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