Nokia's Symbian Sales Behind Texas Warning -Analyst Last update: 3/9/2012 3:21:29 AM 0821 GMT [Dow Jones] A faster-than-expected decline in Nokia's (NOK) Symbian handset sales, as announced in its 4Q report, is likely to have forced Texas Instruments (TXN) to issue a profit warning overnight, says Pohjola Market analyst Hannu Rauhala. Texas said it will miss its 1Q financial targets due to weak wireless chips demand. "One third of Texas' sales still come from Nokia, but these chips are used in Nokia's Symbian handsets, and production is being ramped down," Rauhala says. Pohjola has a hold recommendation on Nokia, with the target price under review. Shares trade 0.6% lower at EUR3.79. (arild.moen@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires March 09, 2012 03:21 ET (08:21 GMT) |