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Dave999 is offline Dave999
2012-10-23 , 09:59
Posts: 7,075 | Thanked: 9,073 times | Joined on Oct 2009 @ Moon! It's not the East or the West side... it's the Dark Side
#621
Its will be interesting to nokia in Q4 and Q113. Personalty, I expect to see more people get fired and the result more stable(no necessarily earning money). Nokia will be split up or bought by a bigger fish.
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kojacker is offline kojacker
2012-10-23 , 10:29
Posts: 1,086 | Thanked: 2,964 times | Joined on Jan 2010
#622
Nokia stock price has tumbled 6% today on the news they are planning to issue 750million Euros of convertible bonds to boost their cash balance

From http://www.ft.com/cms/s/0/ac698a38-1...44feabdc0.html
Nokia is issuing €750m in convertible bonds as the lossmaking Finnish mobile phone maker urgently seeks to boost its dwindling cash position.

The bonds will be used to shore up its balance sheet and help Nokia – downgraded to junk status by all three big credit rating agencies this year – to pay a €1.25bn note maturing in April 2014.
.
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specc is offline specc
2012-10-23 , 10:41
Posts: 322 | Thanked: 218 times | Joined on Feb 2012
#623
Originally Posted by thedead1440 View Post
Excellent go and say this to Elop so he can kill the last cash-cow Nokia has ...


Did you even go out of your house to see why Asha sells? Well from what I've asked people in India these are the reasons:

- Nice & trendy designs

- Nice looking software

- Durable hardware

- Enough apps for their purposes

- Easy to use (People who are not tech-savvy can do exactly what they want without having to ask around much)

- Cheap, Modern & Fast (Perfect upgrade from regular Nokia/China OEM featurephones)

- Its a NOKIA!


Now tell me going with Android how would you have nice looking software, easy to use and fast OS on that cheap hardware? Remember the Asha uses A11 chips that are clocked at 1Ghz which is clearly insufficient for Android...

People who are not tech-savvy want something they can just use and that just works at a low budget and Asha is perfect for them...I agree S40 is not what we would seriously use but then for these people they take a picture click send via bluetooth and done; they don't need to find and debug why their Android is acting up...


Yes, Android has more apps and is better for the long-term on proper hardware but then in a country with a low wage even $10 is a huge amount when considering between competing phones...
The point is that as time passer, Android phones will get cheaper and cheaper. Asha and S40 is OK today, but in two years time? Even Nokia cannot compete with the monster of a mass production machine Android HW represents. Cheap phones can run android 2.x for years to come.
 
uTMY is offline uTMY
2012-10-23 , 10:43
Posts: 131 | Thanked: 62 times | Joined on Feb 2010
#624
And yet Specc even here you are wrong.

Android doesn't make HW.

rgds
 
Lumiaman
2012-10-23 , 10:50
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#625
Nokia is like a committed lover. The relationship with WP is going thru rough times. You got to persevere and keep the course. Nokia did the right thing to ditch obsolete Symbian and non-competitive Maemo/Harmattan.

Nokia is not a software company. They can't compete with the big boys. They realized it. They acted. Will see if they can recover from otherwise certain death.
 
shinogami is offline shinogami
2012-10-23 , 11:00
Posts: 73 | Thanked: 29 times | Joined on May 2012
#626
Originally Posted by kojacker View Post
Nokia stock price has tumbled 6% today on the news they are planning to issue 750million Euros of convertible bonds to boost their cash balance

From http://www.ft.com/cms/s/0/ac698a38-1...44feabdc0.html
.
An act of desperation. What a fool I was, buying more stock at 2.17 EUR. I don't think there's any way out of the mess that Mr. Elop created. Nokia will be bankrupt soon. At least my losses are rather marginal.. imagine the people who wasted 10s of thousands to the stock
 
uTMY is offline uTMY
2012-10-23 , 11:22
Posts: 131 | Thanked: 62 times | Joined on Feb 2010
#627
@Lumiaman

"You got to persevere and keep the course."

No ... I don't ...

I am happy with my Maemo device and my Galaxy Note.

Nokia has nothing to add to that and soon Nokia won't have anything to do with this forum either.

But I wish you luck.

rgds
 
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volt is offline volt
2012-10-23 , 11:31
Posts: 1,309 | Thanked: 1,187 times | Joined on Nov 2008
#628
With these variations, it will be back at 2.17 and above before Nokia's gone, I wouldn't despair yet. Some positive Windows Phone 8 reviews will lift Nokia at some time, surely.

Still, the variation is down ATM, touching €2:




Here's something to calm your 2.17 nerves:

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specc is offline specc
2012-10-23 , 12:15
Posts: 322 | Thanked: 218 times | Joined on Feb 2012
#629
Originally Posted by uTMY View Post
And yet Specc even here you are wrong.

Android doesn't make HW.

rgds
I said Android hardware represents
 
switch-hitter is offline switch-hitter
2012-10-23 , 12:22
Posts: 207 | Thanked: 552 times | Joined on Jul 2011
#630
Originally Posted by Lumiaman View Post
Nokia is like a committed lover. The relationship with WP is going thru rough times. You got to persevere and keep the course. Nokia did the right thing to ditch obsolete Symbian and non-competitive Maemo/Harmattan.
Making your sales crash, turning your profits into losses and making your gross margin a negative number is doing 'the right thing'? Did you do the same business studies course as Stephen Elop by any chance?

Originally Posted by Lumiaman View Post
Nokia is not a software company. They can't compete with the big boys. They realized it.
They were 'the big boys'. No longer though, Samsung have capitalised on every idiotic decision Elop has made.
 
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