HIGHLIGHTS-Nokia executives' comments at investor day
NEW YORK/HELSINKI, Dec 4 (Reuters) - Nokia (NOK1V.HE) cut its view on fourth-quarter and 2009 cellphone sales on Thursday at its annual investor day of presentations. [ID:nL4202047]
Following are comments from management:
OLLI-PEKKA KALLASVUO, CHIEF EXECUTIVE
ON CHANGING CONSUMER HABITS
"In this environment we expect some consumers to trade down to less expensive devices -- not all, but some."
ON SMARTPHONE OFFERING
"We did not have an ideal smartphone portfolio earlier this year. The smartphone portfolio is improving, there's no doubt about that.
ON NOKIA SIEMENS NETWORKS (NSN)
"NSN is in a far better position to weather an economic downturn than a year ago."
ON 2009
"As we head into a challenging year, Nokia needs to act appropriately by cutting costs."
"2009 will be a challenging year for the mobile devices industry. That's very clear, but I believe Nokia will fare much better than our competitors ... we are taking actions for tougher economic times."
ON MARKET SHARE
"Make no mistake, we do have ambitions for higher market share and believe it continues to be critical to our business."
KAI OISTAMO, HEAD OF DEVICES BUSINESS
ON SITUATION IN U.S.
"Relationships with carriers in the U.S. are stronger than they have been in years."
(Reporting by Sinead Carew and Tarmo Virki)
