“You can't exactly take all the phones and dump them into the ocean. The longer the phones are sitting around, the less they're worth, which means you either have to cut prices or write down inventory.”
“People are comfortable that handset volume can grow at high single-digit rates for the next few years. But what kind of phones are companies going to sell? Are people going to pay up for them?”
“It is difficult to have a high level of confidence about where the cell phone market is going to be at the end of the year. You could make a case for Nokia's stock going to $7 and you could make a case for the stock going to $16.”
