We all knew that consumer spending today is bleak, but the credit crisis has limited Nokia's ability to maintain handset inventories. Although a foreign company, Nokia is still effected by the US econcomic crisis, and even the foreign suppliers of parts for its handset devices will experience trickle-down effects as a result. This would also appear to be a big sign of caution toward any investors in the telecommunications industry.
Source:
Nokia Paints Bleak Picture
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