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DewDiligence

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DewDiligence

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Re: semi_infinite post# 19850

Friday, 10/25/2019 10:08:18 AM

Friday, October 25, 2019 10:08:18 AM

Post# of 30496
NOK feels the heat:

https://www.wsj.com/articles/nokia-shares-slide-as-5g-troubles-prompt-a-profit-warning-11571904685

Nokia Corp. shares fell more than 20% after it cut profit guidance for this year and next and halted its dividend to cover the growing costs of rolling out equipment for 5G mobile networks. The telecom-equipment maker blamed shrinking profit margins on weak performance in China…

…Greater China made up 8% of Nokia’s net sales in the third quarter… But revenue from the region fell by 21% from the year-earlier period.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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