Linked by Thom Holwerda on Wed 11th Apr 2012 21:05 UTC
PDAs, Cellphones, Wireless "Shares in Nokia plunged 17% after the mobile phone giant surprised investors by saying it expected to make losses in the first half of 2012. The Finnish company said competition in the industry had led to lower sales particularly in India, the Middle East, Africa and China. Nokia had previously expected to break even in the first quarter." And just when you thought it couldn't get any worse, the Lumia 900 is suffering from a software flaw, and the company has started offering $100 in compensation. Not a good start for such an important flagship device.
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RE: Comment by Fergy
by chemical_scum on Wed 11th Apr 2012 22:22 UTC in reply to "Comment by Fergy"
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MS is destroying Nokia in exactly the same way that they destroyed Silicon Graphics. Get them to employ a a ex-MS executive as as CEO, then systematically destroy the company from within. No doubt as with SGI, MS will end up holding the patents, as Nokia spirals in its death throes. Pity I liked Nokia.

You would have thought that the Nokia board would have known what is coming, but obviously they were too stupid to learn from history.

Edited 2012-04-11 22:26 UTC

Reply Parent Score: 11