Finnish telecommunications

company Nokia

(NOK) - Get Report

was down 5.8% in early

NYSE

trading after falling to a 15-month low in Europe.

UBS Warburg

analyst Pip Coburn removed Nokia from his top-ten list of global technology stocks. Nokia's rivals were also lower.

Ericsson

(ERICY)

was off 3.6% after dipping to a 52-week low of 10.

Motorola

(MOT)

was down 2.7%.