Linked by Thom Holwerda on Wed 16th Feb 2011 23:02 UTC
PDAs, Cellphones, Wireless "There's just one problem, though: the 'nine young investors' don't really exist - according to the last tweet on the @NokiaPlanB Twitter account, it was all a hoax perpetuated by 'one very bored engineer who really likes his iPhone'. Ouch."
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RE: Comment by Radio
by tylerdurden on Wed 16th Feb 2011 23:46 UTC in reply to "Comment by Radio"
tylerdurden
Member since:
2009-03-17

Yeah, they are getting hammered big time. This was a stupid move regardless.

BTW, The new Nokia CEO is apparently one of the top ten largest single stockholders of Microsoft shares (I think he weights int a # 7). So he has probably more incentive to care about Microsoft's performance than he may have regarding Nokia. Under that context his push for WP7 makes total sense, since Microsoft has much more to gain for such a move than Nokia does.

If I were an actual Nokia stock holder, I'd be asking a lot of questions to the board of that company right about now. That is a very serious conflict of interest for the CEO to have, esp. since Microsoft is still a direct competitor of Nokia.

Basically Microsoft may get away with taking over Nokia without spending a single dime. Which is why the two stock prices are having such a diverging behavior right now (not that the market is a good metric for anything).

Edited 2011-02-16 23:48 UTC

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