Qualcomm, Texas Instruments off on Nokia
NEW YORK (Reuters) - Shares of chip makers Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) and Texas Instruments (TXN.N: Quote, Profile, Research, Stock Buzz) fell nearly 3 percent each before the bell on Friday after Nokia (NOK1V.HE: Quote, Profile, Research, Stock Buzz) 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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