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Posts: 322 | Thanked: 218 times | Joined on Feb 2012
#36
Originally Posted by switch-hitter View Post
An interesting article

"Not only is Nokia losing money with a negative profit margin of 12.77%, but it could run out of cash in 2013.

The debt-to-equity ratio of 0.58 is way too high for a company that is losing money, or making any, for that matter.

On a quarterly basis, sales growth is down by 18.68%.

Over the same period, earnings-per-share growth is lower by 283.06%.

The only indicator that is increasing sharply is the short float for Nokia Corporation, now the second largest on the New York Stock Exchange at 202,751,180 shares, a 22.4% jump from July 13 to July 31, the most recent reporting period.
"
FUD! Please explain in detail how Nokia is even remotely close to run out of cash in 2013. This is just nonsense from someone with an agenda. Someone who can't do simple math.

Take a closer look at HTC. Stocks have dropped more than 80% the last 3 Q. They will run out of cash as well, because they have no (in comparison to Nokia). This shows what Android does to business in the long run. Within 1 year Samsung will be in the same situation wrt their Android phones due to ZTE and Huawei.

The situation is WP or nothing for all non-Chinese companies. That is the reality Nokia is facing and the others are ignoring.