Wednesday, June 1, 2011

NOK

Struggling mobile phone maker Nokia (NOK: Charts, News, Offers) sorely disappointed investors on Tuesday after it cut its second quarter forecast substantially, expect to miss the targets it set only a few weeks ago. This prompted a sell off which crushed the stock, with shares plunging over 20% during regular trading to a 13-year low. Ever since the debut of Apple’s (AAPL: Charts, News, Offers)

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