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Author: | Edmondson, G. |
Title: | At Nokia, a comeback - and then some |
Journal: | Business Week
1996 : DEC 2, VOL. 3488:818, p. 21 |
Index terms: | ECONOMICS TELECOMMUNICATIONS INDUSTRY TELEPHONE INDUSTRY |
Language: | eng |
Abstract: | As winter closed in on Nokia's Helsinki headquarters a year ago, gloom hung in the air. After four years of superheated growth, sales and profits at the world's No2 cellular-phone manufacturer were in gut-wrenching decline. Delayed chip deliveries had halted some assembly lines. Inventories were building, and costs climbing, On December 14, Nokia warned investors that profits might suffer. within a week, its stock dropped thirty six per cent, state the authors. |
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