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Qualcomm, Texas Instruments off on Nokia

Fri Sep 5, 2008 8:29am EDT
 
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NEW YORK (Reuters) - Shares of chip makers Qualcomm Inc (QCOM.O) and Texas Instruments (TXN.N) fell nearly 3 percent each before the bell on Friday after Nokia (NOK1V.HE) cut its third quarter mobile device share outlook.

Nokia also said it expects the overall mobile device market in 2008 to be hit by weaker consumer confidence in multiple markets.

(Reporting by Steven C. Johnson; Editing by Kenneth Barry)

 

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