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-   -   Nokia shares dive after sales warning (https://talk.maemo.org/showthread.php?t=73660)

cBeam 2011-06-07 21:22

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by ericsson (Post 1024548)
If anything, this only proves that Elop is right, a major overhaul is needed, a new start with a portfolio made for the future.

Ericsson, your posts are refreshingly optimistic (or hellofalot naive).

Here is how it went:
  • Nokia’s share price is on a downward trajectory since fall 2007.
  • Finally (way too late) the board decides to act and brings in a new CEO to turn the company around.
  • During the first few months on the job the share price stabilizes and increases (Qt-strategy with MeeGo and Symbian; S40).
  • Feb 2011: The CEO burns the platform, announces death of Symbian, and commits Nokia to WP.
  • Nokia’s share price loses more than 40% since the announcement. Fitch downgrades Nokia’s bond rating two notches to one notch above junk.
  • Nokia is falling off the cliff. There will be no more Nokia as an independent concern of any relevance pretty soon.

Is Elop the only culprit? No, but he is the CEO and was hired to make Nokia successful again.

40% down is no success.
Investors do not buy his strategy (20% drop after WP announcement 2/11) nor his execution (20% down after profit warning 5/11).

nwerneck 2011-06-07 21:36

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by kevloral (Post 1024539)

I remember reading some time ago that Nokia's problem was not salling. First problem was that profit margins were too low. And while they were also selling more and more phones, the total size of the market grew above their sales, and this is how they lost share.

olighak 2011-06-07 21:53

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by cBeam (Post 1024576)
Ericsson, your posts are refreshingly optimistic (or hellofalot naive).

Here is how it went:
  • Nokia’s share price is on a downward trajectory since fall 2007.
  • Finally (way too late) the board decides to act and brings in a new CEO to turn the company around.
  • During the first few months on the job the share price stabilizes and increases (Qt-strategy with MeeGo and Symbian; S40).
  • Feb 2011: The CEO burns the platform, announces death of Symbian, and commits Nokia to WP.
  • Nokia’s share price loses more than 40% since the announcement. Fitch downgrades Nokia’s bond rating two notches to one notch above junk.
  • Nokia is falling off the cliff. There will be no more Nokia as an independent concern of any relevance pretty soon.

Is Elop the only culprit? No, but he is the CEO and was hired to make Nokia successful again.

40% down is no success.
Investors do not buy his strategy (20% drop after WP announcement 2/11) nor his execution (20% down after profit warning 5/11).

The downgrade in ratings will make it harder/more expensive for them to raise funds for the whole operation.

Puts them 2 steps closer to the grave.

Any more profit / sales warnings and they might drop further down in ratings. Then there´s no independent Nokia any more, Elop will sell them out, get a nice fat bonus and ride on to his next gig.

Vinh 2011-06-07 22:18

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by olighak (Post 1024595)
Any more profit / sales warnings and they might drop further down in ratings. Then there´s no independent Nokia any more, Elop will sell them out, get a nice fat bonus and ride on to his next gig.

That's for sure. Even when a CEO fails miserably, s/he can claim that s/he is more experienced now and knows what *not* to do the next time. Company boards seem to go for that every time...

momcilo 2011-06-07 22:30

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by Vinh (Post 1024619)
That's for sure. Even when a CEO fails miserably, s/he can claim that s/he is more experienced now and knows what *not* to do the next time. Company boards seem to go for that every time...

After this he does not to be CEO or anything else.
He can retire.

gerbick 2011-06-07 22:37

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by abill_uk (Post 1024143)
I still want to know what the 2 wrongs are !

Microsoft's sales of WP7 have been far less than stellar. It has not created a buzz with many people, developers nor has it earned itself a spot as one of the initial 3 OS's when you talk about mobile phone OS's. As it stands right now, it's still a baby and an oddity.

Nokia has not really gone far in terms of introducing anything that was not Symbian based since February 2010 - the same month they announced their movement to MeeGo (later rescinded) or the announcement to move to WP7 in February 2011. It's now June 2011 and neither a MeeGo, Harmattan or WP7 device has been released by Nokia.

So on one hand, you have a company with a new mobile OS (WP7) that's not selling well. It's been all but panned so far by AT&T, it was late to hit Verizon, and I'm willing to bet that no overseas carriers are even concerned with it thus far. That's one wrong.

On the other hand, you have a company that has announced two different OS strategies in the last 18 months and so far, they've only seen their market share drop to something not seen since 1997 and have yet to produce one new OS, be it any of the aforementioned, derived device(s) as of yet. That's the other wrong.

Now let's put them together. Low selling WP7 + lack of releases = two wrongs. There's nothing right in that equation.

Savvy?

lohner 2011-06-07 22:56

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by gerbick (Post 1024635)
Now let's put them together. Low selling WP7 + lack of releases = two wrongs. There's nothing right in that equation.
Savvy?

(-1) * (-1) = 1

just kidding...

gerbick 2011-06-07 23:00

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by lohner (Post 1024640)
(-1) * (-1) = 1

just kidding...

lol - I used a + sign though... so it would be (-1) + (-1) = (-2)

bobh 2011-06-07 23:02

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by abill_uk (Post 1024143)
So what you are saying is MS will crash along with Nokia? if so that is a complete never going to happen simply because of the size of them unlike tiny companies in comparison you have named.

Tiny companies? 120,000 employees is not tiny. You have never heard of them, but that is because they failed. They were both well-known "blue chip" companies at the time. They didn't see the PC revolution coming and were destroyed by it.

I don't actually think MS as a company will fail anytime soon. They do have their desktop monopoly and Office cash-cow. However, other than the XBox, they don't have a very good track record of getting into new markets. So it is entierly plausible that WP7 won't go anywhere.

In the long run, there is a danger for MS. The world is changing again, maybe as much as it did when the PC came along. The track record of technology companies across a paradigm shift is not a good one. At best they seem to "do an IBM", which is to say they remain large and profitable but no longer lead the market. A lot of signs point to MS heading down that path.

I think WP7 and Windows 8 are their shot at remaining relevant. If they fail they will continue to exist but will no longer dominate the industry the way they have for the last 20 years. If they succeed, it will be one for the history books.

ericsson 2011-06-07 23:41

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by cBeam (Post 1024576)
Ericsson, your posts are refreshingly optimistic (or hellofalot naive).

Here is how it went:
  • Nokia’s share price is on a downward trajectory since fall 2007.
  • Finally (way too late) the board decides to act and brings in a new CEO to turn the company around.
  • During the first few months on the job the share price stabilizes and increases (Qt-strategy with MeeGo and Symbian; S40).
  • Feb 2011: The CEO burns the platform, announces death of Symbian, and commits Nokia to WP.
  • Nokia’s share price loses more than 40% since the announcement. Fitch downgrades Nokia’s bond rating two notches to one notch above junk.
  • Nokia is falling off the cliff. There will be no more Nokia as an independent concern of any relevance pretty soon.

Is Elop the only culprit? No, but he is the CEO and was hired to make Nokia successful again.

40% down is no success.
Investors do not buy his strategy (20% drop after WP announcement 2/11) nor his execution (20% down after profit warning 5/11).

Rather naive than a sorry pessimistic whiner :D

About 1% of Nokias shares are actually in the wild. The rest of the shares are owned by long term investors that have one single goal in life, and that is to see Nokia thrive, and they are loaded with money. Nokia is very similar to VW group, virtually indestructible.

It is those investors that hired Elop to gang up with MS and put Symbian to sleep. You may cry and whine that Nokia is doing bad, WP is doing bad, two bads don't make it good and so on, but it is nothing but brainless whining any way you look at it.

The phones and devices coming this fall from Nokia will truly kick some serious ***. The HW will make you scream, and the integrated OS/ecosystem that follows will make you pee in your pants. And lots of them will come, cheap ones, expensive ones, phones, tablets, communicators, camera monsters. What is happening is the larger part of the entire tech industry including the most powerful investors in the world swamping the world market with exactly the thing people want, and it is happening in one single long lasting blow. There is no way this will fail.

So, if you can get hold in some Nokia shares, for gods sake get some now.

ericsson 2011-06-07 23:59

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by bobh (Post 1024644)
Tiny companies? 120,000 employees is not tiny. You have never heard of them, but that is because they failed. They were both well-known "blue chip" companies at the time. They didn't see the PC revolution coming and were destroyed by it.

I don't actually think MS as a company will fail anytime soon. They do have their desktop monopoly and Office cash-cow. However, other than the XBox, they don't have a very good track record of getting into new markets. So it is entierly plausible that WP7 won't go anywhere.

In the long run, there is a danger for MS. The world is changing again, maybe as much as it did when the PC came along. The track record of technology companies across a paradigm shift is not a good one. At best they seem to "do an IBM", which is to say they remain large and profitable but no longer lead the market. A lot of signs point to MS heading down that path.

I think WP7 and Windows 8 are their shot at remaining relevant. If they fail they will continue to exist but will no longer dominate the industry the way they have for the last 20 years. If they succeed, it will be one for the history books.

You are only looking at a tiny fraction of the industrialized economy. Another example that proves the opposite is - well Nokia. We have Samsung, we have Sony and Ericsson (in all their different variants), Siemens, LG, and Apple, just to mention a few, and of course BMW, VW, Boeing etc etc. There is no law of nature or statistics to prove your point. All there is, is people doing their best, sometime you succeed, sometimes you don't.

Besides, MS has done great success with Windows CE in billions of devices, and WP is only the last and most advanced version of that OS.

bobh 2011-06-08 00:17

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by ericsson (Post 1024666)
You are only looking at a tiny fraction of the industrialized economt. Another example that proves the opposite is - well Nokia. We have Samsung, we have Sony and Ericsson (in all their different variants), Siemens, LG, and Apple, just to mention a few, and of course BMW, VW, Boeing etc etc.

I don't have the faintest idea what you are trying to say. It sounds as if you think that sucessful companies will always be sucessful. History is littered with counter-examples, particularly in IT.

Quote:

Besides, MS has done great success with Windows CE in billions of devices, and WP is only the last and most advanced version of that OS.
Oh, yeah, WINCE was a huge...um...something. But it wasn't much of a success. I would be surprised if they sell even 10 million WINCE devices per year now, in a market of billions.

I work in the embedded systems field and CE is nothing but a bad joke. Linux and VxWorks are kicking their ***. Nobody cares anymore. And now it is virtually abandoned by MS. A perfect example of MS having a hard time with new markets.

volt 2011-06-08 00:30

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by ScourgeV (Post 1024327)
I don't understand a lot about the market so I'll ask a simple yes or no question. Should I buy Nokia stock right now? (I know there are all kinds of things involved but I figured I'd ask anyway)

I would say no, not now.

If Elop's 'tell people what we're selling now is ****, start selling Windows Phones eventually' strategy is a success, stocks will start rising when investors start to believe this. That will not happen until Nokia has something to show with potential, which they will not do any time soon.

However, if the 'tell people what we're selling now is ****, start selling Windows Phones eventually' strategy is a failure, stocks will not start rising until investors start to believe in the next administration and strategy. That will not happen until a new administration and strategy is presented, which will not happen until a new administration and strategy is conceited. So, not any time soon.

Oh, and Nokia is facing a credit problem already.

It appears to me that the chances of short and long upturns are much slimmer than the chances for continued price fall.

cBeam 2011-06-08 00:49

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by ericsson (Post 1024660)
Rather naive than a sorry pessimistic whiner :D

About 1% of Nokias shares are actually in the wild. The rest of the shares are owned by long term investors that have one single goal in life, and that is to see Nokia thrive, and they are loaded with money. Nokia is very similar to VW group, virtually indestructible.

Besides your juvenile pee and pants wording, I am honestly interested where you got the number of "1% of shares in the wild" from. Do you imply that 99% of Nokia's shares are in the hands of long term investors not willing to sell shares until the company thrives again?

I consider myself pretty savvy in finding relevant data, but I never came across this information. Do you have a source or a link to substantiate this information?

gerbick 2011-06-08 01:55

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by cBeam (Post 1024687)
Besides your juvenile pee and pants wording, I am honestly interested where you got the number of "1% of shares in the wild" from. Do you imply that 99% of Nokia's shares are in the hands of long term investors not willing to sell shares until the company thrives again?

I consider myself pretty savvy in finding relevant data, but I never came across this information. Do you have a source or a link to substantiate this information?

http://www.youcannotlinktofantasiesi...ialadvice.html

;)

nwerneck 2011-06-08 03:00

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by lohner (Post 1024640)
(-1) * (-1) = 1

just kidding...

What I see are two imaginary strategies... i * i = -1. :)

Frappacino 2011-06-08 03:59

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by ScourgeV (Post 1024327)
I don't understand a lot about the market so I'll ask a simple yes or no question. Should I buy Nokia stock right now? (I know there are all kinds of things involved but I figured I'd ask anyway)

if you have to ask - then dont touch it

first rule of trading/investment - have your own thesis

if you dont have a thesis, stay the fvck OUT

the answer to your question is inherently complex - anyone who just says "long" or "short" without knowing your risk tolerance, time frame, intended position size etc is just giving you bad advice without knowing your circumstances

Frappacino 2011-06-08 04:04

Re: Nokia shares dive after sales warning
 
I would like to say its refreshing to have a "champion" of "satan" here

balances out the religions here lolz

still an atheist - and will stay that way hah

ericsson 2011-06-08 08:56

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by bobh (Post 1024673)
I don't have the faintest idea what you are trying to say

Then you should learn to read
Quote:

There is no law of nature or statistics to prove your point. All there is, is people doing their best, sometime you succeed, sometimes you don't.
That poorly organized companies that grow up like mushrooms, surfing on some "new" wave of techhnologies, sooner o later fals down when that wave starts loosing its momentuma, is nothing new, and certainly not more typical in the IT sector than in any other sector.

You may argue that MS and Nokia both are mushrooms, but the point is that Nokia is the archeotypical example of the opposite. MS have shown by now that they will survive. Another point is that neither MS or Nokia need to revolutionize anything. They only need to do what they are good at.

Bundyo 2011-06-08 10:54

Re: Nokia shares dive after sales warning
 
Dunno where to put this, probably here is the place:
http://communities-dominate.blogs.co...stephen-e.html

abill_uk 2011-06-08 11:22

Re: Nokia shares dive after sales warning
 
All it will take is a damm good device from the merger and Nokia will bounce back to fame and glory and i for sure think that will be the case, it is just a matter of when.

NvyUs 2011-06-08 11:34

Re: Nokia shares dive after sales warning
 
todays new rumour on WSJ, Samsung are preparing bid to buy Nokia.

bobh 2011-06-08 13:33

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by ericsson (Post 1024843)
Then you should learn to read

I don't do well with "word salad". Makes my brain hurt. So sue me.

Quote:

That poorly organized companies that grow up like mushrooms, surfing on some "new" wave of techhnologies, sooner o later fals down when that wave starts loosing its momentuma, is nothing new, and certainly not more typical in the IT sector than in any other sector.
Was Digital "poorly organized"? Wang? At one time both of those companies were at the top of the heap in their field. Suddenly, a few years later, they were gone. They failed to appreciate the impact a new technology would have on their business. They were executing just fine, but on the wrong things.

MS is trying, I will give them that. They seem to be making an effort to catch whatever the next wave is. Maybe it will work, maybe not. It sure is expensive though.

Quote:

You may argue that MS and Nokia both are mushrooms, but the point is that Nokia is the archeotypical example of the opposite. MS have shown by now that they will survive.
If you would learn to read, you will find that I am not arguing that MS will go out of business. I am saying something different, that they will have the fate of IBM. Which is to say that they will continue to exist and make profits, but no longer be the "golden boy" they had been. Others will lead the market and MS will be an "also ran".


Quote:

Another point is that neither MS or Nokia need to revolutionize anything. They only need to do what they are good at.
What is MS good at? Really they seem to only be good at desktop software for PC's. Their other ventures by and large have not panned out. They are lagging in search and in embedded systems, areas where they were talking big growth potential, and where others have seen big growth.

They have not shown any real talent for mobile devices in the past. Which is why WP7 is a make or break for them. If it fails, they they will be done in that market. It is moving too fast to just keep trying over and over like they did with XBox. Even MS doesn't have that much money.

Nokia on the other hand is making a huge gamble. The best outcome is that WP7 is a big success. But if that happens other vendors will start using it as well (I don't think they have an exclusive deal with MS) and Nokia will have no differentiation. They will be just like HTC. They will still exist, and probably make a profit, but they won't be the same Nokia they have been. That's the best case.

Worst case is that WP7 fails. It will be much harder on Nokia than on MS. I suppose they could always go back to rubber boots. Would you consider that a good outcome? That would be "survival", right?

cBeam 2011-06-08 17:08

CEO of which corporation?
 
Trivia question of the day:

Who said this in a keynote at Qualcomm’s Uplinq?

"The point though is that I want Peter Chou, CEO of HTC, to be successful with Windows Phone. I want G.S. Choi at Samsung to be successful with Windows Phone."

[quote slightly edited for name and function of referred to persons]

a) Steve Ballmer, CEO of Microsoft
b) Larry Page, CEO of Google
c) Steve Jobs, Apple dude
d) Stephen Elop, CEO of Nokia

volt 2011-06-08 17:23

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by NvyUs (Post 1024949)
todays new rumour on WSJ, Samsung are preparing bid to buy Nokia.

Yes, I read an article based on that Wall Street Journal rumor. The article was more wordy than the original article. There was an interesting claim there, but it's probably inaccurate or even completely false. It claimed however, very freely translated;
Quote:

At first it was Microsoft considering to buy Nokia, but supposedly they did not come to an agreement.
I am making a new "what if" thread for the Samsung rumor :D

ericsson 2011-06-08 20:42

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by bobh (Post 1025038)
I don't do well with "word salad". Makes my brain hurt. So sue me.



Was Digital "poorly organized"? Wang? At one time both of those companies were at the top of the heap in their field. Suddenly, a few years later, they were gone. They failed to appreciate the impact a new technology would have on their business. They were executing just fine, but on the wrong things.

MS is trying, I will give them that. They seem to be making an effort to catch whatever the next wave is. Maybe it will work, maybe not. It sure is expensive though.



If you would learn to read, you will find that I am not arguing that MS will go out of business. I am saying something different, that they will have the fate of IBM. Which is to say that they will continue to exist and make profits, but no longer be the "golden boy" they had been. Others will lead the market and MS will be an "also ran".




What is MS good at? Really they seem to only be good at desktop software for PC's. Their other ventures by and large have not panned out. They are lagging in search and in embedded systems, areas where they were talking big growth potential, and where others have seen big growth.

They have not shown any real talent for mobile devices in the past. Which is why WP7 is a make or break for them. If it fails, they they will be done in that market. It is moving too fast to just keep trying over and over like they did with XBox. Even MS doesn't have that much money.

Nokia on the other hand is making a huge gamble. The best outcome is that WP7 is a big success. But if that happens other vendors will start using it as well (I don't think they have an exclusive deal with MS) and Nokia will have no differentiation. They will be just like HTC. They will still exist, and probably make a profit, but they won't be the same Nokia they have been. That's the best case.

Worst case is that WP7 fails. It will be much harder on Nokia than on MS. I suppose they could always go back to rubber boots. Would you consider that a good outcome? That would be "survival", right?

Ok, then. Digital, Wang, IBM all failed in some way or the other, therefore Nokia/MS will fail, they are bound to do the same mistakes.

bobh 2011-06-09 00:24

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by ericsson (Post 1025337)
Ok, then. Digital, Wang, IBM all failed in some way or the other, therefore Nokia/MS will fail, they are bound to do the same mistakes.

My point is that lots of companies have been prone to the same kind of mistakes. So a company doing well in one area (like desktop software) is not a reason to assume it will do well in other areas (like mobile devices).

As I said, MS seems to be aware of this. Perhaps they wll be the exception. I won't bet my retirement savings on it.

abill_uk 2011-06-09 00:31

Re: Nokia shares dive after sales warning
 
I posted this link in the other thread but it is probably more applicable on this thread ...
http://www.bbc.co.uk/news/business-13682580

Fitch cuts Nokia's bonds to one step above junk status.

geneven 2011-06-09 00:45

Re: Nokia shares dive after sales warning
 
To me, this seems like the biggest crash since the collapse of the Soviet Union. Well, maybe that's overstating it. Biggest crash since Enron?

I have noticed that many companies seen holding hands with Microsoft end up sleeping with the fishes.

olighak 2011-06-09 00:45

Re: CEO of which corporation?
 
Quote:

Originally Posted by cBeam (Post 1025180)
Trivia question of the day:

Who said this in a keynote at Qualcomm’s Uplinq?

"The point though is that I want Peter Chou, CEO of HTC, to be successful with Windows Phone. I want G.S. Choi at Samsung to be successful with Windows Phone."

[quote slightly edited for name and function of referred to persons]

a) Steve Ballmer, CEO of Microsoft
b) Larry Page, CEO of Google
c) Steve Jobs, Apple dude
d) Stephen Elop, CEO of Nokia

Well, if it was anyone else than a then we have a potential problem.

If it was d then all of Nokia, shareholders and employees have a huge problem. It´s then obvious the F/E-lop is working for Microsoft and not Nokia at all.

volt 2011-06-09 01:01

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by geneven (Post 1025468)
I have noticed that many companies seen holding hands with Microsoft end up sleeping with the fishes.


Well, at one time Microsoft did push in some cash in a struggling company, ending a patent feud.

Not going to name the company, but it may just be that Microsoft now regrets both helping out, and later selling the share they got from it.

Image not quite related. http://www.zune-online.com/images/D5..._handshake.jpg

GreatGonzo 2011-06-09 01:04

Re: Nokia shares dive after sales warning
 
cbeam you should quote...

http://mynokiablog.com/2011/06/08/vi...his-ecosystem/

He seems to be overly excited by moving from the Nokia identity to being another MS OEM.

cBeam 2011-06-09 04:42

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by GreatGonzo (Post 1025477)
cbeam you should quote...

http://mynokiablog.com/2011/06/08/vi...his-ecosystem/

He seems to be overly excited by moving from the Nokia identity to being another MS OEM.

yeah, this is where Steven Elop, current CEO of Nokia stated that he wishes that HTC and Samsung will be successful with Windows Phone.

Quote:

Originally Posted by olighak


Quote:

Originally Posted by cBeam
Originally Posted by cBeam

Trivia question of the day:

Who said this in a keynote at Qualcomm’s Uplinq?

"The point though is that I want Peter Chou, CEO of HTC, to be successful with Windows Phone. I want G.S. Choi at Samsung to be successful with Windows Phone."

a) Steve Ballmer, CEO of Microsoft
b) Larry Page, CEO of Google
c) Steve Jobs, Apple dude
d) Stephen Elop, CEO of Nokia

Well, if it was anyone else than a then we have a potential problem.

If it was d then all of Nokia, shareholders and employees have a huge problem. It´s then obvious the F/E-lop is working for Microsoft and not Nokia at all.

As all of you know, d) is the correct answer.
Nokia has a huge problem.

momcilo 2011-06-09 05:37

Re: Nokia shares dive after sales warning
 
Rich Green leaving company.

Take a look at this:
http://www.taloussanomat.fi/informaa...on/20118123/12

use google translate.

momcilo 2011-06-09 05:49

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by cBeam (Post 1025519)
yeah, this is where Steven Elop, current CEO of Nokia stated that he wishes that HTC and Samsung will be successful with Windows Phone.



As all of you know, d) is the correct answer.
Nokia has a huge problem.

Source please.

cBeam 2011-06-09 06:16

Re: Nokia shares dive after sales warning
 
GreatGonzo already posted a link to "My Nokia Blog".

Here is the direct link to the video of Elop's keynote address:
http://www.uplinq.com/sessions/keyno...bile-ecosystem

Elop's comments regarding HTC and Samsung being successful with Windows Phone start about 17'30 into the video.

Interesting talk, and I think he is a good speaker. I also think he sounds like a MS executive doing the best he can to promote Windows Phone. I have a hard time to believe he is a Nokia manager trying to do the best for Nokia.

Frappacino 2011-06-09 06:21

Re: Nokia shares dive after sales warning
 
Not even CLOSE - well by magnitude anyway.

Look at the chart of ABK during the GFC.

Now THATs a crash.

Quote:

Originally Posted by geneven (Post 1025468)
To me, this seems like the biggest crash since the collapse of the Soviet Union. Well, maybe that's overstating it. Biggest crash since Enron?

I have noticed that many companies seen holding hands with Microsoft end up sleeping with the fishes.


cBeam 2011-06-09 06:52

Re: Nokia shares dive after sales warning
 
Poor Nokia.

The share price is in free fall, Nokia lost almost 50% value in the last 5 months. The handset business is essentially valued as 0. And even Microsoft is not interested in taking over Nokia as it would complicate their dealings with other handset makers.

When will it end?

http://www.reuters.com/article/2011/...7580X520110609

momcilo 2011-06-09 07:25

Re: Nokia shares dive after sales warning
 
Quote:

Originally Posted by cBeam (Post 1025567)
Poor Nokia.

The share price is in free fall, Nokia lost almost 50% value in the last 5 months. The handset business is essentially valued as 0. And even Microsoft is not interested in taking over Nokia as it would complicate their dealings with other handset makers.

When will it end?

http://www.reuters.com/article/2011/...7580X520110609

Here is the speculation (pardon me if I am not being original):
The Microsoft may take over the Nokia at any point now. The question arises: what are they waiting for?

The answer is that they are targeting the market with WF as an OEM product. This means they want to compete with Android/Apple, and for that they need Nokia, HTC, Samsung, LG and Chinese to start producing WF based devices.

If this is the case than buying Nokia officially is a bad move at the moment, because that will repulse the HW manufacturers.

My guess is that the Nokia is unofficially M$ already. This was not announced, but I believe that the shareholders of Nokia have
closed a deal before Elop came to Nokia.

The trade may not have been done publicly, but it would be worthy to investigate if major Nokia shareholders have somehow gained some stocks from certain other companies at that time.

The crucial message M$ is sending to HW manufacturers is:
We don't want to crush you, we want to crush Google/Android.

There is also the unspoken: We don't want to crush you (now), we will do it for later, once we crush Google/Android.

momcilo 2011-06-09 08:45

Re: Nokia shares dive after sales warning
 
I wish I could follow stocks in realtime.

http://www.google.com/finance?client=ob&q=NYSE:NOK

Nothing new since yesterday there.
I think CTO departure will further dent the stocks.


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