Nokia 2005 Annual Report Download - page 24

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Please find page 24 of the 2005 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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See ‘‘Item 4.B Business Overview—Government Regulation’’ for a more detailed discussion about
the impact of various regulations.
Our share price may be volatile in response to conditions in the global securities markets
generally and in the communications and technology sectors in particular.
Our share price has at times been subject to some volatility, in part due to generally volatile
securities markets, particularly for communications and technology companies’ shares, as well as
developments in our sales and results of operations. Factors other than Nokia’s results of
operations that may affect our share price include, among other things, market expectations of our
performance, projected developments in the mobile device and communications network markets
and the mobile communications industry, and any adverse changes in our brand value. In
addition, our share price may be affected by factors such as the level of business activity or
perceived growth in the market in general, the performance of other technology companies,
announcements by or the results of operations of our competitors, customers and suppliers,
potential litigation involving ourselves or our industry, and announcements concerning the success
of new products and services, as well as general market volatility. See ‘‘Item 9.A Offer and Listing
Details’’ for information regarding the trading price history of our shares and ADSs.
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