- Sees Q4 industry volumes at 330M from 310M q/q
- Still expects its mobile device market share in Q4 to stay at similar level or "slightly up"
- To substantially cut its cost base next year to respond appropriately to market conditions
- Sees mobile infrastructure market falling in 2009 v 2008, cites global credit crisis
- Nokia's preliminary estimate is that the industry mobile device volumes will be down in 2009 compared to 2008, impacted by the continuing overall economic slowdown.
- Nokia and Nokia Siemens Networks preliminary estimate is that the mobile infrastructure and fixed infrastructure and related services market will be down in euro terms in 2009 compared to 2008.

Other headlines for [NOK]

• ENWV Yesterday 05:00pm
  Endwave Corp Cuts Q4 sales guidance to $10M (had seen $12-13M); Guides FY09 sales down about 10-15%- Cites weak demand from telecom customers. - Says contraction in telecom sales has been larger than previously more...
  
• NVT 1/6/2009 03:00am
  NAVTEQ Corp. Completes acquisition of T-Systems Traffic, GmbH- T-Traffic is a provider of traffic services in Germany, with approximately 55 employees. - The acquisition will enable the launch of NAVTEQ more...
  
• 1/2/2009 06:01am
  SIA Semiconductor agency notes that sales fell in Nov to $20.8B v $23.1B y/y- ''Worldwide economic crisis is having an Impact on demand for Semiconductors' and not all segments of the industry are more...
  
• NOK 1/1/2009 06:18pm
  Nokia Ab OY CEO said his company is better placed to deal with the current economic slowdown than its peers - FT- No further details at this time
  
• 12/30/2008 10:54pm
  Demand for mobile phones worldwide expected to grow by 8% in 2009 - The Economist- Developed world demand to revolve around internet-enabled devices - Emerging markets will see heavy investment in more...
  

Telecom sector headlines

• CYCL Today 04:52pm
  Centennial Communications Corp Reports Q2 $0.03 v $0.11e, R$261.9M v $262Me
  
• IDCC Today 04:03pm
  InterDigital Communications Corp Signs iWOW to Worldwide 2G and 3G Patent License Agreement; Financial terms not disclosed- The agreement covers the sale of wireless terminal units and infrastructure, including wireless more...
  
• S Today 03:41pm
  Sprint Nextel Corp CEO: weakening economy had only a minor impact on company in Q4
  
• VZ Today 02:47pm
  Verizon Communications Unit wins $108M contract from NASA for conference services- NASA has awarded Verizon Business of Ashburn, Va., a contract to provide conferencing services for the agency. Verizon Business will more...
  
• NOIZ Today 01:00pm
  Micronetics Inc Gets order worth over $8M- New Jersey-based subsidiary, Microwave Concepts has been awarded a firm fixed contract from a leading defense contractor for microwave assemblies used in a high performance more...