Nokia: Signs of Stabilization?

Investors scanning the horizon for rays of economic hope may find some cheer in first-quarter results from Nokia (NOK), which the world’s largest mobile-phone maker is set to release on Apr. 16. While sales and profits most likely declined in the period, some analysts expect the Finnish company to say it has worked down the bulging handset inventory that built up in the fourth quarter of 2008, setting the stage for a return to growth. If so, Nokia, which is renowned for its supply-chain efficiency, would build support for the view that one reason the current downturn hit so suddenly was that companies reacted more rapidly than in the past to a…

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