Linked by Thom Holwerda on Fri 29th Jan 2010 22:42 UTC
PDAs, Cellphones, Wireless During the iPad presentation, I was rather perplexed by Apple's claim to be the largest mobile device company in the world. Apparently, I wasn't the only one scratching his head, as Nokia itself, and even the Financial Times, is calling Apple out on its juggling with figures and definitions.
Thread beginning with comment 406811
To view parent comment, click here.
To read all comments associated with this story, please click here.
Stratoukos
Member since:
2009-02-11

Apple said in October that they have $34 billion in cash. So if we assume that they didn't suddenly lose $10 billion they can technically make a hostile takeover of Nokia, since they actually need only 50% of the shares. Of course, as you said, P/E is completely irrelevant to this.

Reply Parent Score: 1

tylerdurden Member since:
2009-03-17

Indeed. However a hostile take over is not an acquisition.

Nokia is too big of a fish, for apple to just swallow.

Reply Parent Score: 2