Thread: Nokia - Microsoft partnership (merged threads)
View Single Post
alcalde is offline alcalde
2011-02-20 , 08:29
Posts: 96 | Thanked: 82 times | Joined on Dec 2009 @ New Jersey, USA
#1558
Originally Posted by pasih View Post
I'm not sure if it's been said here already but Elop sold all his MS stock last Thursday and bought 150 000 pieces of Nokia stock which was worth 1 million euros. He had pretty bad publicity here when it was revealed he had MS stock and not a single Nokia, so who knows, maybe it was damage control once again. Well, he's now really invested in Nokia
I break my silence in a moment of weakness.

Pasih... you're just inventing things... negative things, specifically. A little bit of digging before engaging in wild speculation will reveal that due to regulatory issues he wasn't allowed to divest himself of MS shares and acquire Nokia shares. You don't need to know all of the regulations to know that there would be problems if he engaged in large Nokia stock transactions right before announcing a new corporate strategy, significant layoffs, etc. or engaged in MS stock transactions right before signing a deal with them. That would be insider trading. It's not damage control, its regulatory control.

“I couldn’t sell my Microsoft shares during the negotiations with Nokia. Now all that information is open to the markets,” Elop told journalists.
Engaging Romulan cloaking device again to avoid being assimilated into the MeeBorg Collective....
__________________
Yesterday Tunisia... today Egypt... tomorrow Vatican City... eventually Texas!