(Bloomberg) — Nokia Oyj Chief Executive Officer Pekka Lundmark said the Finnish networks maker plans to stand clear of geopolitics as the technology industry increasingly is thrust into trade and political conflicts.
Lundmark, who took the reins at Nokia on Aug. 1, is finding his footing in a tense situation that pits China — and Nokia’s rival Huawei Technologies Co. — against the U.S. and other governments moving to ban the Chinese supplier from their fifth-generation mobile networks.
“I think it would be a big mistake if individual businesses would start to drive their political agenda,” he said in an interview on Friday. “It’s very important that businesses play it straight and stay where they should stay. We do not have a political agenda, we are a pure business.”
U.S. President Donald Trump’s administration has been pressuring allies against using Huawei’s equipment, which it argues could pose a danger to
For Immediate Release
Chicago, IL – July 2, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ciena Corp. CIEN, United States Cellular Corp. USM, T-Mobile US, Inc. TMUS and Nokia Corp. NOK.
Here are highlights from Wednesday’s Analyst Blog:
Solid Q2 for Wall Street Despite Economic Turmoil
The current state of affairs in the second quarter of 2020 was a bit of an oxymoron for the Americans — on one hand, the Wall Street recorded the best quarter in more than two decades, while on the other the U.S. economy was hit by the coronavirus-induced recession. Strange as it might appear at the outset, the contrasting characteristics highlighted the vagaries of the market and the turbulent economic conditions that
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