Thu, Aug 21, 2014, 8:05 AM EDT - U.S. Markets open in 1 hr 25 mins


% | $
Quotes you view appear here for quick access.

Nokia Corporation Message Board

  • red_ryder35 red_ryder35 Jun 21, 2012 10:46 AM Flag

    WSJ: MSFT to pose problems for NOK

    I'd sue the bejeezus out of MSFT. At the very least they should allow NOK the option of producing an Android device for the clusterf*ck they created with WinP 7.8 ---> WinP 8 fiasco

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I definitely recommended Your post.

      Nokia made the mistake of Hiring Elop.

    • WTF are u talking about.... what's all this cryptic nonsense???

    • Man, I DON't LIKE YOU, BUT..
      On this one I have to agree with you.

    • Srange....if you Google the article name the first link works....with the whole article. In any event here it is below:


      Troubles afflicting Finnish mobile handset maker Nokia Corp. NOK1V.HE -1.43% could get worse before they get better.

      Microsoft Corp.'s MSFT -0.74% overhaul of its smartphone operating system set for launch this autumn will change the basic software so extensively that won't be able to run on Nokia's new line of Lumia handsets. This could mean sales of the Lumia devices, which have so far failed to ignite, may flag further as customers hold out for the next generation's wow-factor functions.

      The Windows Phone software update, displayed for the first time at an event in San Francisco on Wednesday, shows the Redmond-based software giant is ratcheting up the technology to bring it in line with Windows 8, a soon-to-be-launched revamp of Microsoft's computer operating system that will also work on tablets.
      Noting Nokia's History

      View Interactive

      More photos and interactive graphics

      This is a major blow for Microsoft's main smartphone partner Nokia, whose new range of Lumia mobile phones and smartphones launched late last year and early this year run the old version of the Windows Phone operating system. The new version Microsoft's software is so different from the old one that the Lumia devices won't be able to run the new software.

      "The reason a full update to the Windows Phone 8 platform is not possible [for current Lumia devices] is primarily due to the jump in hardware capability for future devices, which can't be made available on existing hardware," said Nokia spokesperson Doug Dawson.

      Windows have announced that its mobile operating system upgrade Windows 8 will not be available for Nokia's latest range of Lumia phones. Dow Jones's Sven Grundberg explains why. Photo: Reuters

      He added that Nokia therefore will try to make sure that current Lumia users will get "many of the benefits" that the Windows Phone 8 software upgrade is bringing about, such as an improved camera function, a user interface that is similar to that of Windows Phone 8 and games from Zynga Inc. ZNGA +0.17%

      • 1 Reply to red_ryder35
      • Malik Saadi, an industry analyst at Informa Telecoms & Media, said Microsoft's eagerly anticipated Windows Phone 8 operating system fixes many of the issues with the old Windows Phone software and could satisfy consumers' appetite for innovation, but he recognized the hardship it will cause to Nokia during the transition period.

        Nokia Late to the Silicon Valley Party
        Nokia Woes Hit Finnish Town
        Nokia's Hopes Rest on Windows 8
        Nokia to Stay Focused on China

        "Operators and users will hold on until the new devices are in the market this coming autumn," Mr. Malik said. "This will have a serious impact on Nokia's financial performance this quarter as the company relies strongly on Windows Phones as the main platform for its smartphones."

        Nokia and Microsoft last year formed a strategic partnership in a last-ditch effort to compete in a smartphone market that is dominated by Apple Inc. AAPL -0.14% and device makers using Google Inc.'s GOOG -0.91% Android software.

        For Nokia, the partnership meant that it gave up on its homegrown and old-fashioned Symbian operating system for smartphones, in favor of Microsoft's Windows software.

        Since the two companies joined forces, Nokia has struggled as it waits for sales its new range of Windows-based products to replace the void left by Symbian. Nokia's revenue from its smartphone business in the first quarter fell 52% year-to-year to €1.7 billion ($2.16 billion). According to research firm Gartner, Samsung Electronics Co. 005930.SE -2.00% snatched the title of world's largest mobile handset vendor from Nokia earlier this year as Nokia's global handset market share fell to 19.8% from 25.1% a year ago.

        Earlier this month, the company raised new doubts about its future by warning its losses will be worse than it expected just two months ago.

        The partnership with Microsoft means that Nokia has handed over a large part of its fate to the software giant, which calls many of the shots when it comes to how Nokia may use its operating system. Given that Nokia is in a great hurry to catch up with rivals before it runs out of cash, having its sales constrained by a pending software overhaul is a yet another setback.

        Sami Sarkamies, an analyst at Nordea in Finland, said the Microsoft software upgrade is likely to weigh on Nokia's sales in the third quarter, especially for Nokia's higher-end range Lumia 800 and Lumia 900 phones. It also exposes Nokia to any delays or other problems related to the new software.

        Last week, Nokia saw its credit downgraded to junk by Moody's Investors Service, which said Nokia is facing more pressure on its earnings and higher cash burn than it had previously thought.

        The downgrade of Nokia's credit—Moody's second downgrade of the company within three months—means Nokia's credit now carries junk status by all the three major credit rating companies. Nokia's credit was downgraded to junk by Fitch Ratings and Standard & Poor's in April.

    • Not a subscriber. Truncated article.

8.13+0.08(+0.98%)Aug 20 4:02 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.