Nokia (NOK): Recalls Hit The Cellphone Industry

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Perhaps Sony (SNE) should not feel so bad about all of those faulty PC batteries that it made.

This AM Nokia (NOK) announced that as many as 46 million handsets had Matsushita Electric Industrial that could overheat. The company offered to replace them for free.

The magnitude of the problem is fairly staggering. Motorola (MOT) did not sell 46 million phones for the entire second quarter.

Douglas A. McIntyre