Linked by David Adams on Wed 10th Aug 2011 17:07 UTC, submitted by glarepate
PDAs, Cellphones, Wireless The beleaguered handset maker Nokia is setting itself up for what it hopes will be a lean and mean relaunch in the U.S. later this year: it has finally admitted that it will not launch its newest N9 device--the first and possibly only one based on the MeeGo platform--and that it plans to end sales of its Symbian-based devices as well as low-end Series 40 handsets, as it prepares for a generation of devices it is developing using Microsoft's Windows Phone 7 platform.
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broken_symlink
Member since:
2005-07-06

Stephen Elop is running Nokia into the ground. I wouldn't be surprised if they never actually release a wp7 phone either and Microsoft ends up buying Nokia for something like $2/share.

Reply Score: 5

kristoph Member since:
2006-01-01

Nokia's patents are worth much more that $2 per share.

Reply Parent Score: 3

Nth_Man Member since:
2010-05-16

Yes, the effects of the 02/11 deal are sending the shares to the ground
http://www.nasdaq.com/aspx/dynamic_charting.aspx?selected=NOK&symbo...

Reply Parent Score: 2