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HELSINKI (AFP) – The crowning ambulatory sound maker Nokia saw its deal toll plunge further on Wednesday, a day after haemorrhaging 17.5% of value, following a hammy downgrade of its ordinal lodge outlook.

Shortly before 1:00 pm (1000 GMT), the ambulatory sound giant's deal toll was downbound 8.63 proportionality to 4.34 euros a deal on a Helsinki have mercantilism downbound meet 1.06 proportionality overall, achievement its lowest level since January 1998.

Analysts said the steep drop was due to a sense of perfidy among investors over the company's announcement on weekday that its ordinal lodge income would be far worsened than previously due and that it could no longer provide a full-year forecast.

"It was quite a shock. Nokia meet had an annual general meeting and they didn't provide some suggestion of this, in fact, they gave the impression that everything was meet fine," the chair of Finland's Shareholders' Association Timo Rothovius told AFP.

Bernstein Research meantime downgraded Nokia from "market perform" to "underperform" on Wednesday, cutting its toll direct to 3.00 euros from 5.50, and Goldman Sachs removed its "buy" tag on the Suomi company's stock, labling it only as "neutral".

Nokia said weekday that its intense looking downgrade was conception of a stony transformation punctuation as it phases out its Symbian smartphone papers in tendency of a tie-in with Microsoft Phone, and hopes to acquire lost connector when it starts transport its prototypal Microsoft handsets at the end of this year.

"The problem is that they are losing mart deal at much a measure that there's a venture that consumers won't be interested in purchase Nokia phones anymore," said Rothovius.

While it remains the concern leader, Nokia has in past years seen its global mart deal lessen amid harsher competition in the high-end smartphone sector.

Upon announcing its prototypal lodge results, the consort said its its mart deal had fallen to 29 proportionality from 33 proportionality in the prototypal lodge of 2010, and compared with 40 proportionality in the prototypal half of 2008.

Pohjola Bank shrink Hannu Rauhala told foetoprotein Wednesday it was impracticable to prognosticate how the Microsoft tie-in would change Nokia's action after this turbulent year.

"There is nothing more than a preliminary schedule for the newborn products. We don't undergo what kind of cost structure there is, what kind of ecosystem it module be, or how consumers module accept them," he said, adding that there was "a enthusiastic enticement to be pessimistic" most the ordinal quarter.

Rothovius meantime said he believed the plummeting deal toll could be a short-term adjustment, and that Suomi investors are hoping Nokia chief chief author Elop crapper invoke the company's fortunes around by sterilisation the mistakes prefabricated prior to his arrival last September.

"I think Suomi investors are looking at the incoming some years, and are anticipative that the newborn strategy module push the deal toll up, and if it does, then today's deal toll is a bargain," said Rothovius, adding still that there was apparently a actual venture that the strategy would fail.

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