Nokia Earnings Beat; Cuts Outlooks; Shares Fall

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Despite beating expectations with its second-quarter earnings, Nokia cut its forecast for second half profitability and '09 market share Thursday, sending its shares lower. "The competition is intense – as always," Nokia CEO Olli-Pekka Kallasvuo said. "We are still seeing the market to decline about 10% this year."

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Nokia Earnings Beat; Cuts Outlooks; Shares Fall

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