03 Jun '11, 6pm

Nokia shares continue slide after outlook downgrade

HELSINKI : The world's top mobile phone maker Nokia saw its share price slump again Friday, three days after it dramatically downgraded its second quarter outlook and said it could no longer provide a full-year forecast. Slightly before 2 pm (1100 GMT) Friday, the mobile phone giant's share price had dropped 4.50 percent to 4.50 euros on a Helsinki stock exchange down 1.68 percent. Following Tuesday's announcement, the company's shares had closed down a whopping 17.5 percent, and they continued to slide Wednesday, although a rumour that Microsoft had agreed to buy the Finnish company appeared to have softened the blow, and the shares ended down 0.76 percent. The continued slide Friday, after trading stopped Thursday for a public holiday, was not unexpected, Pohjola Bank analyst Hannu Rauhala told AFP. "It's quite normal that the share price continues to go down a couple of...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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Asian shares open mostly lower

straitstimes.com 01 Jun '11, 2am

TOKYO Tokyo shares opened almost flat on Wednesday after rallying nearly two per cent the previous day on a brighter outlo...