Now, this sounds like a ringing endorsement of Nokia's strategy (and the guy says he went long NOK after Friday's drop):

http://seekingalpha.com/article/2526...g?source=yahoo

Whatever you believe the merits of Mr. Elop’s going-forward strategy to be, the sky is not (yet) falling on Nokia’s head for no other reason than even a supertanker takes a while to sink after running aground.

Elop does damage control, even before the analyst downgrade:

Microsoft is again putting their cash hordes to good use, eh?

Nokia has chosen Windows Phone 7 as their carrier?!?!? What does this mean for Meego? Is this the end. Someone please answer. Thanks.

What amazes me is the way Elop handled this. Somehow it doesn't makes sense. He could just say "We became partners with MS", but instead he:

• Wrote a memo that practically burns Nokia
• Hurried to announce that all current activity will practically stop
• Hurried to announce that Qt will not be supported any more
• etc etc

For a company that doesn't pre-announce things (that's why we're told about maemo all this time), this should be unacceptable. Which CEO would go out and say (in fact, write) that the software that his company is based on is a "burning platform"? Isn't part of his role to support his company's actions, even the old ones? Who would say that "we won't support application development for our existing mobiles any more" and won't expect his share to fall? Who would present an image of a company under destruction?

At least he should refer to Nokia with some pride instead of practically claiming that it's current status is "dead".

Even with E(f)lop's attempt of damage control, the downward trend continues.. so far -5.88% today. Compared to the end of day on Feb. 10, the stock has fallen 19.1%.. wow.

Looks like you're a little behind. Poke around the news and this forum.

Fuq I think I found a new Hobby at making fun of Nokia's stocks. They have dropped another few points today at 8.81 -0.55 (-5.88%).
This is four hours after they announced they will be receiving billions from MS
Source: http://www.emailwire.com/release/580...soft-move.html

To be honest this may look like a buying opportunity....But lol'ing at Nokia is much more worth it lol

Which goes to show that the market trusted in Nokia's previous strategy so that the stock went up during those 6 months, and dislikes the new one

Who could buy Nokia?

Nokia's market cap is currently about 33 B USD.

Total Cash (from balance sheet, most recent quarter):

Microsoft Corp: 40.0 B
Oracle: 24.8 B
Intel Corporation: 21.8 B
Hewlett Packard: 10.9 B

I know that "Total cash from balance sheet" is not the most accurate measure if a corp can buy another corp, but it is indicative. Considering that money is still very cheap, any of the corporations above could make a move if they think buying Nokia is advantageous to them.

I can see at least 2 corporations in the list above that could have a strategic interest. And I do not mean MS, they already got what they wanted.

It supposedly means that WP7 users have 3 options:1st is to get used to these lacks; 2nd is to bring some genius programmers to do some hacks/jailbreaking and bring some of them back;3rd option is to throw away the device and buy an Android or WebOS or etc based ones.