Gleacher & Co.'s Stephen Patel is cutting EPS estimates for Nokia (NOK) and Motorola...

|By:, SA News Editor

Gleacher & Co.'s Stephen Patel is cutting EPS estimates for Nokia (NOK) and Motorola Mobility (MMI). Patel sees Nokia suffering from an inventory buildup, and is skeptical of the prospects for Microsoft's (MSFT) Windows Phone 7; and he sees Motorola being unable to profit from Android due to "a lack of scale and proprietary user experience."