Linked by Thom Holwerda on Fri 25th Jan 2013 14:20 UTC
PDAs, Cellphones, Wireless Buried deep within Nokia's press release about its financial results, there's a line that pretty much signals the end of one of the most popular and successful mobile operating systems in history. With Nokia retiring its use, Symbian is no more.
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RE[7]: Right
by tylerdurden on Sat 26th Jan 2013 21:51 UTC in reply to "RE[6]: Right"
tylerdurden
Member since:
2009-03-17

Nokia is actually in a very good financial position now, their cash conservation is good.


Not quite. Nokia's debt rating has been at junk status for at least the past 2 quarters, and most analysts have the stock as either underperforming or a hold. So they're having a hard time raising capital. Which is not good news given how much cash Nokia has been burning through the past few years (although they seem to have slowed down the hemorrhaging a bit lately).

Furthermore, Nokia just had their earnings call this week, and the missed their revenue window by 2.50 BILLION $$$ ($10.50 billion expected vs. $8.00 billion realized). Their year to year revenue took a 20% nose dive, and they are expected to have a negative earnings per share again.

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