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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I can't believe the stuopid comments
by unclefester on Sat 26th Jan 2013 04:32 UTC
unclefester
Member since:
2007-01-13

Elop has not destroyed Nokia. They actually made a $585 million profit last quarter.

BTW Nokia's core business is networks not phones.

http://www.theaustralian.com.au/business/breaking-news/nokia-posts-...

Reply Score: 1

cdude Member since:
2008-09-21

Its $250 million profit

Starting now Nokia doesn't get cash each quarter from Mirosoft any longer and Nokia needs to pay Microsoft in minimum $250 million each quarter for WP licenses. See Q4 report.

Also Nokia sold its headquarter for $200m. They cannot repeat that.
Nokia got $65 millions from RIM. A one-time happening too.

There goes the profit and comes the lose again in Q1.

Edited 2013-01-28 12:35 UTC

Reply Parent Score: 2

cdude Member since:
2008-09-21

http://www.bloomberg.com/news/2013-01-28/nokia-bond-risks-endure-af...

"Excluding NSN, Nokia continued to burn cash in the fourth quarter, at a rate which is likely to increase in Q1”

“Cutting the dividend helps Nokia’s liquidity and they should have done it a year ago,” said Ping Zhao, an analyst at CreditSights Inc. in New York. “They need to cut costs further. Even though they made progress, the smartphone is nowhere near turnaround. It’s going to be a long and hard slog for them to get back.”

Reply Parent Score: 2