[Reuters] Nokia warns of weaker sales, shares drop 15 percent

Posted by: UGN Security

[Reuters] Nokia warns of weaker sales, shares drop 15 percent - 05/31/11 06:21 AM

HELSINKI (Reuters) - Mobile phone maker Nokia Oyj slashed its sales and profit outlook on Tuesday and scrapped forecasts for 2011 due to tumbling prices and intense competition, sending its shares crashing 15 percent.