Thread: Let's talk Nokia stock. Really.
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Lumiaman
2013-11-21 , 21:52
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#2246
Originally Posted by cheve View Post
Let us see... I think you were talking about Nokia mobile division being worthless and all in2010, and my claim was that the mobile division was healthy. Let us not changing the channel.....So let us look at the number, shall we look at the company's official sale numbers, in million of units

yr 2009 yr 2010
Nokia 67.8 100.3
Apple 25.1 47.5

Just for kicks, the sale # for Apple was also shown as well
So, unless Nokia was selling at a lost for ALL their units, then I guess the Nokia evaluation at 2010 could be not too bad. Hey, if they could make $2 profit per sale unit, than it would work out to be $200M profit on the year -- not too bad in terms of actual $.

Now, unless the management at Nokia were really really really bad, it would be very hard for Nokia to sell ZERO number of unit and to make a LOSS in next year. So, from where I sit(plus wearing a rose coloured glasses also helps), In 2010, Nokia mobile were not worthless as you claimed; or it was in such an unhealthy state that a 180 degree turn of business direction was needed.

If Nokia is still worth a few $B dollars now to MS given their current performance(isn't the year to date sale # ending Sept 2013 was below 5M units?), then surely Nokia mobile in 2010 timeframe would have worth a LOT more than ZERO(plus, they already have had a nice set of tech patents and all in 2010 - which should also count for some $$$ if they were in talk for selling the unit at all)

I welcome you to show the numbers/results to counter my view.

May be Mr. Elop is your hero, the nice turn-around-artist in your book; but me think - he did a poor job and tanked the company big time. The really sad things are that lot of families, lives and were damaged by his actions and that was hameful.

Cheers
Hence lies the trick of management. They knew they lost the battle, that this was the last year where they pushed their inferior devices at cutthroat prices, and it looks great, like that model marriage that you then read in the papers where the husband took an axe and decapitated his wife. OPK wanted to go on the high, but they all new, that the battle was lost.

So the problem for people like you, is that you dont understand that despite the great numbers (hell BB had them too, should I pull those also?), the pre-ELOP nokia was dead man walking. Everyone was abandoning Symbian. It looks like OPK went on the high note, while it belied his incompetence to set a new course for NOKIA.

YOu can inhale this numbers, let them soothe your belief that somehow Elop destroyed NOKIA, that somehow Finns hired the butcher and let him kill the whole of Finland, without a single Finn raising a hand to stop him (sounds like Finns are then very impotent under that scenario). But the beauty of the human brain is to dig underneath the numbers and to realize that pre-Elop NOKIA was dead. Very dead. So dead, that they brought in Elop to set a new course. If you dont see this, you will lose on investments, you will lose when you lead, and you are a loser.