YOU ARE AT:Archived ArticlesMerrill Lynch cuts Nokia, Ericsson estimates

Merrill Lynch cuts Nokia, Ericsson estimates

LONDON—Brokerage firm Merrill Lynch has pared down its estimates of Nokia Corp. and Ericsson, citing a slow take-off in infrastructure equipment and next-generation handset sales.

The report comes just ahead of Nokia’s plan to unveil optimistic figures on its handset and network equipment sales.

Subscribe now to get the daily newsletter from RCR Wireless News

Merrill expects a 5 percent fall in both 2002 and 2003 equipment sales, compared with its former estimates of a 12 percent rise.

ABOUT AUTHOR