Thread: Let's talk Nokia stock. Really.
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cheve is offline cheve
2013-11-21 , 16:01
Posts: 362 | Thanked: 143 times | Joined on Mar 2008
#2218
Originally Posted by Lumiaman View Post
When Elop arrived, no one would have bought NOKIA mobile division. Everyone was shedding Symbian and going elsewhere.

So you are an idiot to think that NOKIA mobile division at the time Elop took over was worth anything. It was worth exactly 0, as no one had interest to buy antiquated NOKIA

Not only are u an idiot, but you are stupid too.
wow...nice logic. By all accounts, people were moving away from Symbian Before Elop's arrival; however, it was Mr. Elop's handy work to kill it off - full stop. The mobile division WAS still making money - it was only making less before Elop's takeover.

Did Elop make a smart move? Yeah right.... Nokia ended up with NOTHING in the highend(super duper smartphone, costing tonnes of money), NOTHING in mid-range(able to do some nice stuff; but I don't have a 'money-tree') , and NOTHING in the low/bottom of the line(I just want a f##king phone, period, i want it cheap) stuff.

Did you check the Nokia's balance sheets for those years? By the way, NOIKA mobile division was a FEW times larger(in terms of valuation) than the raising APPLE(and its new and shinny iStuff) at the time -- BEFORE Mr. Elop's "oversights".

So, Mr. Elop took a healthy division and turned it to a dump(and taking the entire company with it).