Linked by Thom Holwerda on Thu 19th Jul 2012 18:32 UTC
PDAs, Cellphones, Wireless Nokia just posted its quarterly results - including shipped devices - and it's not looking good. Massive losses, sales dropping, and no growth in Lumia sales in the US. The company is losing money hand-over-fist, and with Windows Phone 8 still months away, the company warns the next quarter will be just as bad.
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cdude
Member since:
2008-09-21

At the time of writing Nokia is up 6.36%


Yesterday it was more then 14% more. Within one day they lost more then 8% again. Tendency future down. The market reacted positive cause Nokia's cash reserve was far above expectations and for a company in that situation (junk-state rating) the cash reserve is everything.

Nokia's market cap is down to 6.3 billion $. Google payed more for Moto while Nokia has still one of the best patent portfolios worth billions, navteq, networks, brand and those 4 billions in cash. The market clearly believes Nokia is losing a lot more before it can stop the downfall either with selling products (unlikely taken the long timespan and competition into account) or itself (eitger as a whole, unlikely to happen, or in parts, brings more cash in). When Elop is fired today you would see the same day a huge jump up at the end of the curve displayed at:
http://www.marketwatch.com/investing/stock/nok

Edited 2012-07-20 18:01 UTC

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