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Posts: 139 | Thanked: 224 times | Joined on Nov 2007 @ San Francisco, CA
#1277
There is no money in Nokia shares. Unless you are short, everyone lost holding NOK shares.

NOK closed at $2.89 at the NYSE today, down another 5% from yesterday. Down after they presented their "connecting the next billion" - devices in Pakistan.

I am beginning to wonder if there will be a buy out / break up soon as Nokia's parts presumably are worth more than Nokia as an ongoing concern. At least this is the only realistic hope for existing shareholders to get parts of their money back.

Or will Nokia just die like Kodak did. One day undisputed ruler, next day down and out destroyed by arrogance, wrong strategies and badder than worse execution. Dumped by their "friends" in Seattle lead by the the worst CEO (according to Forbes). If Ballmer is the worst, where does Flop rank?