Nokia, the world's top maker of mobile phones, will seek US investor backing next week for the company's push into newer software and programming businesses as a way to sustain its heady growth.
Nokia, which has emerged over the last three years as one of the world's top technology brands as well as widely held stocks, is looking to reassure global markets that its move beyond mobile phone and networks manufacturing can pay off.
Analysts and fund managers are voicing caution on Nokia shares, which have nearly doubled from recent lows hit before September 11th, limiting chances of further near-term gains.
The company is expected to highlight its move into licensing of its highly-protected mobile phone software to rivals, part of a drive to spur on the slow-to-develop mobile Internet market and jump-start a new cycle of industry growth.
Nokia's New York investor meeting is considered a major event on this season's calendar for technology investors around the globe. The meeting will offer a status report not just on the mobile market leader but overall industry's health and also may provide few financial details, as Nokia plans a separate update on December 11th to discuss its fourth-quarter outlook.
Last month Nokia, which makes one-third of all mobile phones sold, said it expected fourth-quarter earnings per share to fall to 0.18-0.20 euros, down from 0.25 euros in last-year's fourth quarter, as it battles weak global demand.