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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RE[5]: Right
by cdude on Sat 26th Jan 2013 10:23 UTC in reply to "RE[4]: Right"
cdude
Member since:
2008-09-21

Would make more sense from a business perspectiver to give up on Lumia and shift resources to Asha to stay competative in the low-price segment that brings in the needed money else they lose that too and what stays is the moneyhole only.

Edited 2013-01-26 10:24 UTC

Reply Parent Score: 2

RE[6]: Right
by Nelson on Sat 26th Jan 2013 10:49 in reply to "RE[5]: Right"
Nelson Member since:
2005-11-29

Nokia can walk and chew gum at the same time. Asha is showing impressive growth (Thanks Mr. Elop) and if they can keep up the pace, it will become a larger and larger part of Nokia' overall Mobile Unit volume.

Nokia has actually added capital to their coffers, they don't really have a resource problem at this point in time. A lot of these expenses are one time charges, pensions, restructuring costs, inventory allowances, etc.

Nokia is actually in a very good financial position now, their cash conservation is good.

What I find funny is how wrong the naysayers have been about Nokia. I'm sure it'll be dead any day now /s

Reply Parent Score: 2

RE[7]: Right
by tylerdurden on Sat 26th Jan 2013 21:51 in reply to "RE[6]: Right"
tylerdurden Member since:
2009-03-17

Nokia is actually in a very good financial position now, their cash conservation is good.


Not quite. Nokia's debt rating has been at junk status for at least the past 2 quarters, and most analysts have the stock as either underperforming or a hold. So they're having a hard time raising capital. Which is not good news given how much cash Nokia has been burning through the past few years (although they seem to have slowed down the hemorrhaging a bit lately).

Furthermore, Nokia just had their earnings call this week, and the missed their revenue window by 2.50 BILLION $$$ ($10.50 billion expected vs. $8.00 billion realized). Their year to year revenue took a 20% nose dive, and they are expected to have a negative earnings per share again.

Reply Parent Score: 4

RE[6]: Right
by zima on Fri 1st Feb 2013 23:48 in reply to "RE[5]: Right"
zima Member since:
2005-07-06

Companies can do more than one thing at a time, you know...

Reply Parent Score: 2