Nokia will probably release an android phone if this windows venture fails, but if they do beit will sell like crazy because it will be big news, there will be pent up demand, and the lumia is well known....I think Elop is doing a good job. HTC and co are getting hammered by samsung at the moment.
The Board of Directors must not realize that the Yahoo Message Board has a couple of over-confident cranks who know more than they and the CEO do about restoring NOK to preeminence.
What a bunch of amateurs you Elop bashers are!
The burning platform memo instilled the sense of urgency and focus into a bunch of sleepy headed executives and engineers who thought they were still in the cell phone business.
I wouldn't be near this stock were it not for Elop.
If you don't think Elop is the right guy to lead this company you are literally insane for investing in it.
Elop has turned a bankrupt company into one producing solid profits in only a couple of years. The stock price has more than doubled. And he's managed to cut the dividend to re-invest in the company) without the stock price collapsing. He's doing a good job.
Sentiment: Strong Buy
FYI: Nokia was never bankrupt.
When Elop took over Nokia was profitable, the number 1 cellphone maker in the world and with a stock price of around $12. It actually Elop who took it to the brink of BK and a massive loss of market share vis his irresponsible burning platform memo which greatly accelerated market share loss, revenues and profits and of course which caused the stock price to collapse.
Like I said, looking back 2 years, many actions if Elop's or lack thereof look almost intentional in helping the short hedge funds. If I were short I would definitely count Elop among my top, number 1 assets to help me make money by driving Nokia into the ground.
I'm not saying Elop is crooked - he may just be that stupid, but the facts are laid out for any reasonable person to digest and conclude what they may.
Sentiment: Strong Buy
2 of the bod just out. doesn't appear the concept of fiduciary duty exists in mang/shareholder relationships of any corporations.
convertibles & canceling the divy bring it to a new level of abuse.
amazing amount of posters appear to be clueless. look at the daily shares traded, that's just on the ADR's & is not some hedgie or two doing that.
imo, not only did eflop give 280M shares to them for covering, he gave them indefinite time. the div is usually paid March to May. keeping the div would have cost shortie $250M (shorts must pay the div on their shorted shares) & would have cost them many hundreds of millions more trying to cover by May.
elop isn't going anywhere & neither am i. I can wait 6 months or a year for PPS to reach some reasonable reflection of true valuation, despite of eflop.
the euro market was down due to spain and italy.. euro currency is down. dow is down.. it'll gap up you monkey brains.. fire elop. You should get the fpuck out if you can handle the heat.
I agree. There were several macro events today to move it lower. Being a prominent European company won't help as a few euro-zone countries go through their usual rigga-ma-roll.
and it really didn't help that those hapless fuq's, BBRY were up 15%. Added a bit of salt to the wounds.