Nokia Issues Warning on 46M Batteries

Nokia Tuesday issued a warning advisory saying up to 46 million of its batteries may have a fault that could lead to overheating. There have been approximately 100 incidents and no injuries or product damage, Nokia said. The advisory applies to the BL-5C battery, made by Matsushita Battery Industrial Co., a unit of Matsushita, between Dec. 2005 and Nov. 2006. Nokia didn't estimate the financial cost of the recall, or how costs might be shared with Matsushita. In very rare cases, the company said, the batteries could potentially experience overheating initiated by a short circuit while charging, causing the battery to dislodge. Concerned consumers can request a replacement for any BL-5C battery subject to this product advisory.

Sources: Press release, MarketWatch
Commentary: Goodbye Moto, Hello Nokia • Nokia's Restructuring: Nobody Loves A Value-Chain Hog
Stocks/ETFs to watch: NOK, MC
Earnings call transcript: Nokia Q2 2007

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