[Reuters] Nokia drops targets, shares slump to 13-year low

Posted by: UGN Security

[Reuters] Nokia drops targets, shares slump to 13-year low - 05/31/11 04:26 PM

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.