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danramos is offline danramos
06-23-2012 , 04:13 AM
Posts: 4,633 | Thanked: 5,384 times | Joined on Jul 2008 @ Springfield, MA, USA
#1611
Originally Posted by gerbick View Post
It'll be less than $1 USD in a month. I bought in once at like $8.07, sold at $8.47 or so, avoided the broker fees by doing it myself, reinvested elsewhere that very small gain.

And now... I'm just out to buy it before it become a penny stock and get a stock certificate. I still have my Macromedia stock certificate before they got bought by Adobe - I have one of those too.
I wonder if I shouldn't do the same to get a single cert to put next to my rarely-used, open-core and unupgradeable, Nokia N800 for pictures to put up on eBay. It doesn't seem to sell as it is.
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zwer's Avatar
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06-25-2012 , 05:00 AM
Posts: 416 | Thanked: 691 times | Joined on Nov 2009 @ Serbia
#1612
Originally Posted by gerbick View Post
And now... I'm just out to buy it before it become a penny stock and get a stock certificate. I still have my Macromedia stock certificate before they got bought by Adobe - I have one of those too.
Do you happen to have Boston Chicken stock certificate as well? I mean, it appears you are tracking Elop's successes for quite some time

It appears that the news of the second Osborn finally crossed the Atlantic pond - stock price went down >6% within the first hour of OMX opening, and it cannot be attributed to regular fluctuations. I don't think it will go bellow $1 within a month as you suggest, but a serious drop will be when they publish Q2 results... What can bring them bellow $1 is when they publish a new profit warning for Q3 which will be the direst so far, and will probably happen in mid August.

If somebody is still interested in Nokia as a company, that's when the buyout might be attempted, otherwise they'll let Nokia slide under $1 and eventually it will be sold in parts, where the main interest will be the IP. Microsoft, as it appears, have given up on Nokia... Smart people, they have a plan B (and probably C and D), unlike Nokia...
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danramos's Avatar
danramos is offline danramos
06-25-2012 , 05:15 AM
Posts: 4,633 | Thanked: 5,384 times | Joined on Jul 2008 @ Springfield, MA, USA
#1613
Originally Posted by zwer View Post
Do you happen to have Boston Chicken stock certificate as well?
Irony! Until you mentioned it, I had never heard of "Boston Chicken" and had to google it up. I had only seen "Boston Market" stores all over the place, and now I find out Boston Chicken is the parent company. I've lived in Massachusetts for 34 years of my life and had never seen a Boston Chicken before--mind you I'm on the complete Western opposite side of the state from Boston, but it still seems surprising. I had no idea they were doing so badly. heh

Originally Posted by zwer View Post
If somebody is still interested in Nokia as a company, that's when the buyout might be attempted, otherwise they'll let Nokia slide under $1 and eventually it will be sold in parts, where the main interest will be the IP. Microsoft, as it appears, have given up on Nokia... Smart people, they have a plan B (and probably C and D), unlike Nokia...
That's what I've been saying for a while now. I'm betting that Elop will claim he's keeping the company alive by selling off bits and pieces here and there to various buyers, with Microsoft getting the lion's share of the best bits. Finally, we'll see Elop bloom fully into the mole we always knew him to be--and, mark my words, there'll be people INSISTING he still wasn't put there as a mole for Microsoft.
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Nokia's slogan shouldn't be the pedo-palmgrabbing image with the slogan, "Connecting People"... It should be one hand open pleadingly with another hand giving the middle finger and the more apt slogan, "Potential Unrealized." --DR
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zwer's Avatar
zwer is offline zwer
06-25-2012 , 05:34 AM
Posts: 416 | Thanked: 691 times | Joined on Nov 2009 @ Serbia
#1614
Originally Posted by danramos View Post
Irony! Until you mentioned it, I had never heard of "Boston Chicken" and had to google it up. I had only seen "Boston Market" stores all over the place, and now I find out Boston Chicken is the parent company. I've lived in Massachusetts for 34 years of my life and had never seen a Boston Chicken before--mind you I'm on the complete Western opposite side of the state from Boston, but it still seems surprising. I had no idea they were doing so badly.
Boston Chicken got infamous for fixing their books to appear solvent even with too rapid expansion - at some point it was even considered a great success, and Wall St. favorite... right until it plummeted to penny stock within less than a week once the true state of affairs became public - it was one of the sharpest stock price drop in the 90s. Granted, Elop wasn't a CEO back then, but as a CTO and he certainly knew about shenanigans they were doing, he probably even helped with that...

There is a great read on rise & fall of Boston Chicken @ http://www.fool.com/EveningNews/foth...foth981007.htm . I remember people were screaming about the Boston Chicken fiasco when Elop took the CEO spot of Macromedia, saying that one that was involved in the BC scandal should never be allowed to be a CEO of anything... Little did they know they won't be Macromedia anymore within short three months of his reign.

If you look at history of this guy - wherever he went, except Microsoft, that company suffered greatly. Even Juniper Networks had quite a stock price drop during his short stay with them... I'm not saying that he did (or was in a position) to do bad all the time, but that's his track record... To this day I can't figure out what has qualified him to become a CEO of, back then, one of the greatest tech/telecommunication companies in the world. Nothing from his history to recommend it for that place, nothing whatsoever...
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gerbick is offline gerbick
06-25-2012 , 05:36 AM
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#1615
Originally Posted by zwer View Post
Do you happen to have Boston Chicken stock certificate as well? I mean, it appears you are tracking Elop's successes for quite some time
Naw... just amazing how this dude has been in and out of my livelihood with products I either like or use. But not the Boston Chicken part... that was new to me as well.

It appears that the news of the second Osborn finally crossed the Atlantic pond - stock price went down >6% within the first hour of OMX opening, and it cannot be attributed to regular fluctuations. I don't think it will go bellow $1 within a month as you suggest, but a serious drop will be when they publish Q2 results... What can bring them bellow $1 is when they publish a new profit warning for Q3 which will be the direst so far, and will probably happen in mid August.
Yep.

If somebody is still interested in Nokia as a company, that's when the buyout might be attempted, otherwise they'll let Nokia slide under $1 and eventually it will be sold in parts, where the main interest will be the IP. Microsoft, as it appears, have given up on Nokia... Smart people, they have a plan B (and probably C and D), unlike Nokia...
Rare to see a company voluntarily get rid of plausible Plan B's. I think I have to go back to Atari for that kind of oversight.
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zwer's Avatar
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06-25-2012 , 06:24 AM
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#1616
Originally Posted by gerbick View Post
Naw... just amazing how this dude has been in and out of my livelihood with products I either like or use. But not the Boston Chicken part... that was new to me as well.
We're in the same boat... When Elop gutted Macromedia half of my revenues were based on their technologies. Thankfully, Adobe didn't completely mess it up, but still - knowing some internal plans that never got realized under Adobe's design-oriented wing...

Originally Posted by gerbick View Post
Rare to see a company voluntarily get rid of plausible Plan B's. I think I have to go back to Atari for that kind of oversight.
I think that Commodore story is even more fitting - sitting on laurels, then a sudden major strategy shift just as it appeared they might have something to compete, accompanied by complete failure of marketing and communication blunders in an abundance... But even both, Commodore and Atari, didn't crash so fast as did Nokia, and they never were really that big... And say what you will, but Nokia did have something with the N9 there, with just a little of polish, marketing and dev incentive it could've been a global hit, maybe not in a financial sort of a way but more as a bandage for the heavily damaged brand. That's like Samsung throwing away the Galaxy line to pursue something completely unrelated...

I'm not Tomi's fan, but the man is right about one thing - this kind of a colossal failure for a global leader of anything in the tech world never happened before. Not by a long shot.
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zwer is offline zwer
06-25-2012 , 09:21 AM
Posts: 416 | Thanked: 691 times | Joined on Nov 2009 @ Serbia
#1617
Speaking of stock, NOK just reached a new history low on OMX - 1.78... And the onslaught will probably continue on NYSE as well. The CEO, BoD and rest of the upper management must be bloody geniuses, it takes quite an effort to do bring a global leader down to this within 18 months and it takes quite some bravery not to even entertain the idea that you're doing it wrong with stats like this:

Code:
Week:			-7.25%
Month:			-16.20%
Three month:		-54.98%
Six month:		-52.34%
52 week low:		1.78
52 week high:		5.18
Year change:		-56.81%
Year start change:	-52.55%
Year high:		4.46
Year low:		1.79
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06-25-2012 , 10:21 AM
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#1618
It's Elop Stock Graph Monday! Gotta love that Burning Platform inflection point.

Name: nokia_stock.jpg Views: 168 Size: 47.9 KB
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Lumiaman is offline Lumiaman
06-25-2012 , 12:17 PM
Posts: 469 | Thanked: 455 times | Joined on Feb 2012
#1619
Yeaaa baby, time to buy more!
 
zwer's Avatar
zwer is offline zwer
06-25-2012 , 12:55 PM
Posts: 416 | Thanked: 691 times | Joined on Nov 2009 @ Serbia
#1620
If you are hoping that once they hit $1, within a couple of months as it seems, somebody will make them an offer they cannot refuse ($2 buyout) - you either have some strong inside info, or you are bigger gambler than Mr. Flop. This is all under the false assumption that you are not a juvenile troll with nothing better to do than spew claptrap, of course.

In other news, OMX closed with 1.71, way bellow their history low, and a sharp 11.39% drop, which is massive even if you take into account the Nasdaq fluctuations. It took a while for investors to become aware on how dire the Q3 will be for Nokia due to the second Osborne in a row, this time performed by Microsoft on Nokia's behalf, but at least I have faith in the market once again - a few posts back I was astonished how Microsoft announcement didn't affect Nokia stock value (by at least 10%), but I guess the market moves a bit slower than I'd expect and OMX being closed on Friday may had something to do with it as well.

Either way, I expect the stock to continue to drop (not as sharply as today, tho) until 19. July when Nokia releases their Q2 report at which point we might have the sharpest drop since Feb'11, but the one to send them under the ice will probably be the expected Q3 profit warning.
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