Nokia's Profit Falls But Meets Views; Shares Jump 9.7% (Investor's Business Daily) and Steve Ballmer Jump-Starts Microsoft/Yahoo Chatter (Portfolio.com)

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City of Industry, CA --(www.USEquityNews.com)-- 10/17/2008 - Investing Ideas industry alert provided by U.S. Equity News. Hit by price competition and a drop in market share, No. 1 cell phone maker Nokia on Thursday reported a 20% decline in per-share profit and a 5% dip in sales last quarter. Earnings minus special items of 33 euros per share, or 44 cents at Thursday's exchange rate, met views, two analysts said. The same analysts said revenue of 12.24 billion euros, or $16.4 billion, fell short of views for 12.94 billion euros.
"It was a tough quarter, but not as bad as some feared," said Matt Thornton, an analyst at Avian Securities. [Read the full article]


Sam Gustin writes: Micro-here-we-go-again.Update: Aaaaannd here's the formal Microsoft statement backtracking from Ballmer's comments: "Our position hasn't changed. Microsoft has no interest in acquiring Yahoo!; there are no discussions between the companies." [Read the full article]



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