They SHOULD license Here Mapping and move on, but that won't happen. Apple has too much hubris, even in the post-Jobs era, to admit defeat. They will continue to work on Apple Maps internally. It looks like MapGate has blown over anyway so there is sense of urgency anymore.
The stock price says Wall Street has confidence in Chen and his ability to turn it around. But a $4.4 Billion loss for the quarter is staggering and handset sales continue to plunge. Chen asked for a couple quarters to see how his initiatives were working but I have to wonder if he has that long. He also laid out a 5-year plan for BlackBerry but I can't see the company surviving that long unless he does something pronto about the bottom line.
I'm reminded about another company that fell on hard times and brought in a turnaround expert to save the day. "Chainsaw" Al Dunlop turned International Paper around, bring them from death's door to full recovery in just a couple years. Instant Rock Star status for Dunlop. Then Sunbeam (Oster brand of kitchen appliances and Coleman camping products) tapped Al to revive their failing company. Big talk from Chainsaw Al, and the stock DOUBLED before he even moved in to the CEO's office. I stand success for Al and his team. Sales jumped, inventory dropped, and it looked like Dunlop did it again. But wait! What's that warehouse in Pennsylvania doing with all that Sunbeam stuff? Weren't those products listed as sold?? Oh no, say it ain't so!! Al and the boys were listing every shipment as a sake, even if it was only being jockeyed between warehouses. Cooking the books. Disaster. And the end of a brand that was once a household word.
BlackBerry might not be dead yet, but don't go too far with that defib machine. Keep it handy. And don't believe the hype without some verifiable results.
I don't think they were ever serious about going with Android. This was a ploy to push Microsoft to buy D&S and it worked. Elop himself said Nokia didn't want to go head to head with Samsung in the Android arena, and with good reason. Why fight the giant if you don't have to? Nobody else has had financial success with Android. It was a shaky call, going with the dark horse of WP for Nokia, but it looks like it was the smart choice, and the only choice. Android was a setup for a long slow fail. Rewriting Symbian from the ground up was the only way to resurrect that operating system, and then they'd be building the ecosystem on their own. Too expensive, too slow, and way too costly. MeeGo was fringe and presented many of the same problems a rewrite of Symbian presented. WP was fertile ground and the playing field was wide open. Add in the help from Microsoft, culminating with the purchase of D&S, and you can start to see this was the only viable choice for Nokia.
I nominate analyst_500 for his brilliant comment, "if earnings are bad, who cares?" That's a special kind of bagholder. Complete mental break with reality.
Always red for a Ferrari. White and black look nice too on the right model, as does yellow, but red is the classic Ferrari color.
Then why is the iPhone 5s outselling it 45:1?? Who rated the Z30 best smartphone, the dozen or so folks who bought it??
How many phantom trades can this clown post?? He's crowing over (allegedly) making pennies by picking prices from the summary screen for this stock. I could ignore one per day, but this jackwagon won't quit! Well, not my problem anymore!
And that's pre-tax profit. I'm sure that because if your masterful trading skillz you're in the top income bracket. You have to give almost half your meager gains to Uncle Sam. Pshaw.
The traditional "Triple Witching" that occurs 4 times per year, plus the year-end expiration. The dreaded "Quadruple Witch."
The latest deal is Chungwa Telecom of Taiwan. Not as big as CM and CT on the mainland but it's still a deal and it looks like NSN has made some inroads in the Asian markets. That's significant because Asia is a tough nut to crack for outsiders. It's definitely a "home field advantage" market for the likes of Huawei and ZTE.
They have to consider any and all potential liabilities before they can know how much "excess cash" they have. Nokia originally said they would return excess cash to shareholders but that's an unknown quantity until there is more clarity about their future needs. Like it or not, the Indian tax dispute counts as a liability.
Dude, up is up. Doesn't matter who is buying or why. This was grinding down for days and now popped back up. It's a good day to be long.
Nokia has been GIVING HERE MAPS AWAY for FREE for a while now in an attempt to build brand recognition and the user base. When they start to sell the service in earnest it could be a powerful revenue generator, especially in Europe or Asia.
We don't know how to properly value HERE yet as it's barely gotten going. North America is very Google-centric so beating Google Maps in the NAM market will be problematic. But North America has never been a priority for Nokia anyway.
I'm not peddling anything but common sense and rational thought. I have no doubt that Nokia has valuable assets, but valuing the company now, so soon after selling their primary division, is problematic. No consensus.
My assertion that ERIC is worth more than Nokia is 100% correct. But that's a snapshot of right now, not a prediction for the future. Look at the market capitalizations of both companies and tell me ERIC is not more valuable than NOK. It's just math, and it's based solely on where the street is valuing both companies today.
I don't like the mindless idiot #$%$ either, but what's the point of arguing with them? They're beyond help and are only here to feed off the misery of longs when he share price drops. Best to put them on ignore anyway.
Nobody with any credibility is saying Nokia will go bankrupt. That's just silly. I'm just antagonistic towards unrealistic pumptards spreading misinformation and lies. No silly agenda - nothing ever posted on the message boards here have made a stock move even a fraction of a penny. My position now is just that folks who claim to be sure of Nokia's valuation are morons. Too much is changing right now for certainty. I'm pretty confident the volatility in Nokia shares backs me up on this.