• Most Popular
  • Most Shared

Nokia Siemens sees CDMA market diving in 2009

Thu Dec 4, 2008 11:50am EST

HELSINKI, Dec 4 (Reuters) - Nokia Siemens Networks [NSN.UL] expects the cell phone network equipment market for CDMA technology to fall more than 20 percent in 2009, with the GSM market also falling more than the average for the total telecoms equipment market of 5 percent.

Stocks  |  Global Markets

"GSM is now in decline, but not as much as CDMA, which is coming down big time ... we expect it to come down by more than 20 percent," Nokia Siemens Networks Chief Executive Simon Beresford-Wylie said at Nokia's investor presentations day in New York.

Earlier Nokia lowered its forecast for the overall telecoms equipment market in 2009, saying it would fall in euro terms by 5 percent or more. (Reporting by Tarmo Virki; Editing by Greg Mahlich)

Stocks
Global Markets


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets