Star turn
THE reaction of most commentators to the vicious pounding received by Nokia last week at the hands of mostly American investors was to reckon that it said more about the febrile mood on Wall Street than about the true state of the Finnish mobile-phone icon. Nokia's “crime”, after delivering a typically stellar set of second-quarter figures (sales up by 55%, operating profits up by 60%) was to suggest that the next three months might be—horror!—only a little better than last year, because of the slightly delayed introduction of new handsets.
This article appeared in the Business section of the print edition under the headline “Star turn”
From the August 5th 2000 edition
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