Helsinki Times – Nokia’s second-quarter performance disappoints analysts and investors
The result published by the network equipment manufacturer last week is an indication of problems underlying the entire wireless network industry, estimates Bengt Nordström, the chief executive of Northstream. Nor is a turn for the better on the horizon, he adds.
“All network suppliers must reach an entirely new, low level of costs if they intend to survive. I see no signs of future growth in the market. It’s very hard to see how you could get a good result in the industry. All of this will translate to more rationalising measures and staff reductions. It’s no longer enough to cut costs and hope that growth will re-start soon. Suppliers will have to dig deeper than that,” he says.