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Telecom & Wireless

Can Nokia (NOK) Rescue Handset Market

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By Douglas A. McIntyre Published
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When the global handset market goes South a number of companies get bombed. The worst goes to the handset companies themselves. That is not good news for Motorola (NYSE: MOT). Chip companies also get a beating. Due to that, investors have turned on Qualcomm (NASDAQ: QCOM) and Texas Instruments (NYSE: TXN)

The news out of Nokia (NYSE: NOK) is that the markets are too worried about the industry. Things are just fine. According to Reuters "the company’s finance chief said the mobile phone maker still expects 10 percent industry growth this year despite mixed European demand and a U.S. slowdown."

Nokia has about 40% of the global handset market. It should know the industry trends better than any other firm. The company sees tremendous demand in China, Russia, and other emerging markets.

The news says that some of the stocks which have been pushed down on expectations of a bad year for handsets may be down too far.

Douglas A McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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