Linked by Thom Holwerda on Thu 20th Jun 2013 18:29 UTC, submitted by MOS6510
PDAs, Cellphones, Wireless So, The Wall Street Journal is reporting that Microsoft was very close to take over Nokia, but that the talks eventually broke down, probably beyond repair - at least for now. The reasons the talks broke down illustrate something that I have repeatedly tried to make clear for a long time now: Nokia isn't doing well.
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Go ahead and short
by vaette on Thu 20th Jun 2013 23:09 UTC
vaette
Member since:
2008-08-09

Seeing how sure Thom is I sure hope he has put his savings into a short of NOK, sure to pay off with this sort of insight. The price going up of late only means there is more money to be made when it crashes to zero!

Reply Score: 3

RE: Go ahead and short
by Nelson on Thu 20th Jun 2013 23:34 in reply to "Go ahead and short"
Nelson Member since:
2005-11-29

Nokia has been imminently dying for a while here at OSNews.

Reply Parent Score: 3

RE[2]: Go ahead and short
by bentoo on Fri 21st Jun 2013 00:22 in reply to "RE: Go ahead and short"
bentoo Member since:
2012-09-21

Nokia has been imminently dying for a while here at OSNews.


The Register had the same buyout story 12 months ago -- Since then the Nokia stock is up 50%.

In my short time on OSnews I've come to learn that:
- Nokia is always 90 days from bankruptcy.
- Every new Microsoft product and/or announcement is a sure sign of their impending doom.
- [Insert Year Here] will be the year of the Linux desktop. ;)

Reply Parent Score: 4

RE[2]: Go ahead and short
by chithanh on Fri 21st Jun 2013 09:43 in reply to "RE: Go ahead and short"
chithanh Member since:
2006-06-18

Nokia has been imminently dying for a while here at OSNews.

Strawman? Anybody with a little insight knew that Nokia had cash reserves for several more disastrous quarters.

However regarding the long-term outlook, the credit rating agencies have been rating Nokia below investment grade for some time. So they don't expect recovery.

Nokia is now irrelevant to mobile. Innovation now happens elsewhere. Asha and Featurephone sales are dropping like a rock. Lumia is still 1/3 WP7.

Reply Parent Score: 3

RE[2]: Go ahead and short
by cdude on Sat 22nd Jun 2013 13:29 in reply to "RE: Go ahead and short"
cdude Member since:
2008-09-21

Nokia has been imminently dying for a while here at OSNews.

Here at OSNews and outside in the wild wild customer market world. Denying reality may work for you but it doesn't for Nokia.

Reply Parent Score: 1