Downgrade Punishes Nokia by 5.8%
Finnish telecommunications
company Nokia
(NOK)
was down 5.8% in early
NYSE
trading after falling to a 15-month low in Europe.
UBS Warburg
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analyst Pip Coburn removed Nokia from his top-ten list of global technology stocks. Nokia's rivals were also lower.
Ericsson
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was off 3.6% after dipping to a 52-week low of 10.
Motorola
(MOT)
was down 2.7%.
