They sold the nokia D/S unit to increase share price. Hehe what a bunch of chumps. Elop and msft sure did pull a fast one. All they needed to do was scale down sell android phones and in a another year or two we would be back up to where we are now.
The dopes sold the best part of nokia for chump change. Soon they will bring it below $5 and guess what it will never be an investment grade stock ever again. Bunch of dopes selling cheap to msft third world countries have no clue what real money is. They had Microsoft by the balls but sold cheap thinking 7 B was a lot of money. ELOP and MSFT sure did pull a fast one.
From 2000 to 2010 the average price was $20 the sale might just get us back to $8
You know what they are a bunch of dopes to settle for $8 bucks
Quarterly total revenue was approximately $344.2 million, down 9% year over year. Quarterly adjusted operating profit was $33.9 million compared with $54.2 million in the prior-year quarter. Adjusted operating margin was 7.1% compared with a negative 20.1% in the year-ago quarter.
The sale of the D/S was to increase share value. If its not happening now it never will.
Elope is a piece of dung 4th Q had to bad
To Justify the sales of the Device unit. I for one believe that Nokia got hosed by Elopey and ripped off my MSFT. Should never have sold. ELOPY should be in JAIL