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| Author: | Edmondson, G. |
| Title: | Nokia's signal isn't really fading |
| Journal: | Business Week
1996 : MAR 18, VOL. 3451:781, p. 24-25 |
| Index terms: | ECONOMICS FINLAND ELECTRONICS INDUSTRY |
| Language: | eng |
| Abstract: | 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. Yet Nokia's reversal of fortune may not be so dismal as it appears. The company has some problems, such as production bottlenecks and price erosion in mobile phones. |
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