Nokia (NOK) - Get Nokia Oyj Sponsored ADR Report was down 1.3% in late morning after Dresdner Kleinwort downgraded the stock to sell from reduce, saying the markets will soon become convinced that mobile phone handsets are commodities. Dresdner Kleinwort kept its earnings estimates unchanged. Rival mobile phone company Ericsson (ERICY) was down 2.9% and Motorola (MOT) was off 0.8%.

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