Nokia Posts $836 Million Q3 Loss on Write-Downs, Sluggish Sales (NOK)

By Dividend.com StaffOctober 15th, 2009 The world’s #1 mobile phone maker, Nokia Corporation (NOK), said Thursday that it swung to a massive loss in the third quarter, hurt mainly by a big write-down on its Nokia Siemens Networks joint venture.The Helsinki, Finland-based company reported a third quarter net loss of 559 million euro, or $836 million, compared with a profit of 1.09 billion in the year-ago period.Sales fell 20% from last year to 9.81 b