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Nokia shares dive after sales warning
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9000
2011-06-01 , 11:28
Posts: 1,425 | Thanked: 983 times | Joined on May 2010 @ Hong Kong
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Originally Posted by
Daneel
Good time to buy out Nokia for cheepz! Too bad i bought 3 pairs of shoes this month :/
Good luck with that. If you have read the linked article or related reviews, Nokia is expected to issue more sales warnings in next and next's next quarter, until their 'promised' new WP7 phone release.
After that, they'd have to pray to God their WP7 would sell good.
In meanwhile, Elop might try to offset the lost by massive reduction in R&D budget. Fortunately for him, Nokia has huge R&D budget to cut (only next to Google and Samsung but I dont have the figure ATM), and that would buy him some time.....
buy him some time to open his golden parachute before Nokia's stocks drop to hopeless level.
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