Apparently, not all warnings are created equally.
|Recent Daily Interviews|
Investors could've cared less about sales growth, though, jumping for joy at Nokia's assertion that its margins and handset demand are still healthy, and sending its stock price up more than 10% Monday in one of the day's few bright spots. The stock was up again slightly Tuesday. We sat down with Morningstar wireless analyst Todd Bernier to see what all the fuss was about.
TSC: Investors had a very positive reaction to Nokia's announcement last week. What was behind that?
Bernier: They made their numbers on the handset side, but they missed their growth numbers on the network side. For Nokia, 70% of revenue is generated by handsets. That's the big story.
TSC: Even though we hear that there's not a new generation of handsets to compel buyers, it seems like the handset market is holding up much better than the base-station equipment market. Bernier: If you're a