Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

BoingBoing shared this old piece of reporting today:

http://www.siliconbeat.com/2008/01/1...a-flight-risk/

Maybe Elop will be at Nokia for just over a year.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Ha i love this. This really does speak volumes about MS. Think about the time, effort and money that they have been able to invest in this OS. A huge company like that, one capable of buying Nokia, is missing all these key elements in an OS that they no doubt hope will one day rule and will have an entire department focussed on doing just that. Its pretty poor.
Hell even if you compare WP7 to NITDroid, a bunch of guys who do things in their spare time, and really just for shits and giggles, and to prove that it can be done have gotten a further.

Good luck Nokia. You're gonna need it

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

yep, it was reported WP7 was in the 1 to 2M range last year, so assuming that Nokia will shoot for the star to produce about 15M handset of WP7, so at license fee of $10/phone, it will be $150M; but this is only part of the costs.

there is the up-front development/re-tooling/training and all that things that one has to do to work with a new platform

cheers,

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

nokia stock down another 5% today. so the announcment on friday has caused the stock to lose a whopping incredible 20%.. the smart money has gone.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

I agree with you boss, but they claim thier costs for development for all the os's is very high. And although people keep saying "now meego is an intel project", and "symbian is being dropped"... thats not true. Nokia in the end still is working with all os's directly and thier development team is fully on board with these projects. it also presents a challenge for them since now theyre looking to bring up wm7 to the level that android and iOS are. This also means tweaks and changes for microsoft which certainly is a good thing.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

It's obvious Nokia sacrificed current OS's and developers for greater share of American market, all I can give you is following song.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

I don't like a nearly 20% drop in just basically 48 hours; however expand your timeline and the numbers now are where they were just 6 months ago.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

I wonder if it was high enough to justify wiping 10 gigabucks (and counting, JPMorgan gave a target price of $7.00 a little while ago) off the vallue of the company since the burning platform memo though.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Gerbick, I know there is no way to get a straight answer from you what your point is, but maybe you can explain:

• Nokia stock is on a downward trajectory since 2007
• A new CEO is brought in, presumably to reverse the downward trend
• Nokia shares gain slightly over the next few months (from about $8.50 to about $11.50, which is about plus 35% from worst to best)
• CEO introduces his new strategy and stock is down 20% within 2 days (actually more than 25% if you include the drop in share price on Thursday right before the new strategy was revealed)

In the meantime, the tech heavy Nasdaq Composite index is up more than 25% within the last 6 months.

What did Nokia management do to increase shareholder value?
What did Elop do differently to comfort the markets?

If Microsoft is not the plague for Nokia, why does the market think that they have to cut 20% off Nokia's value within 2 trading days after announcement of the new strategy?

Is the market just wrong? Or is the market right and tells us "too little, too late, wrong direction"?

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Forbes reports:

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Now, this sounds like a ringing endorsement of Nokia's strategy (and the guy says he went long NOK after Friday's drop):

http://seekingalpha.com/article/2526...g?source=yahoo

Whatever you believe the merits of Mr. Elop’s going-forward strategy to be, the sky is not (yet) falling on Nokia’s head for no other reason than even a supertanker takes a while to sink after running aground.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Elop does damage control, even before the analyst downgrade:

Microsoft is again putting their cash hordes to good use, eh?

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Nokia has chosen Windows Phone 7 as their carrier?!?!? What does this mean for Meego? Is this the end. Someone please answer. Thanks.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

What amazes me is the way Elop handled this. Somehow it doesn't makes sense. He could just say "We became partners with MS", but instead he:

• Wrote a memo that practically burns Nokia
• Hurried to announce that all current activity will practically stop
• Hurried to announce that Qt will not be supported any more
• etc etc

For a company that doesn't pre-announce things (that's why we're told about maemo all this time), this should be unacceptable. Which CEO would go out and say (in fact, write) that the software that his company is based on is a "burning platform"? Isn't part of his role to support his company's actions, even the old ones? Who would say that "we won't support application development for our existing mobiles any more" and won't expect his share to fall? Who would present an image of a company under destruction?

At least he should refer to Nokia with some pride instead of practically claiming that it's current status is "dead".

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Even with E(f)lop's attempt of damage control, the downward trend continues.. so far -5.88% today. Compared to the end of day on Feb. 10, the stock has fallen 19.1%.. wow.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Looks like you're a little behind. ;) Poke around the news and this forum.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Fuq I think I found a new Hobby at making fun of Nokia's stocks. They have dropped another few points today at 8.81 -0.55 (-5.88%).
This is four hours after they announced they will be receiving billions from MS
Source: http://www.emailwire.com/release/580...soft-move.html

To be honest this may look like a buying opportunity....But lol'ing at Nokia is much more worth it lol

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Which goes to show that the market trusted in Nokia's previous strategy so that the stock went up during those 6 months, and dislikes the new one :cool:

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Who could buy Nokia?

Nokia's market cap is currently about 33 B USD.

Total Cash (from balance sheet, most recent quarter):

Microsoft Corp: 40.0 B
Oracle: 24.8 B
Intel Corporation: 21.8 B
Hewlett Packard: 10.9 B

I know that "Total cash from balance sheet" is not the most accurate measure if a corp can buy another corp, but it is indicative. Considering that money is still very cheap, any of the corporations above could make a move if they think buying Nokia is advantageous to them.

I can see at least 2 corporations in the list above that could have a strategic interest. And I do not mean MS, they already got what they wanted.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

It supposedly means that WP7 users have 3 options:1st is to get used to these lacks; 2nd is to bring some genius programmers to do some hacks/jailbreaking and bring some of them back;3rd option is to throw away the device and buy an Android or WebOS or etc based ones.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Correct my if I'm wrong but one doesn't need to buy all shares to own Nokia or dictate its strategy.

I mean, if Intel wanted to jump in, it would only need to spend only part of the 33B USD. Right?

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

It depends, but it is much more complicated than that. It could be a an acquisition, it could be a merger, there could be many complex financial transactions involved.

All I say that if one of the major players is interested, Nokia is now at a market value where it gets difficult for them to defend their independence (or what's left of their independence).

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

My answer to this question that isn't addressed to me is that Nokia finally made it obvious that they were having dire problems, so the stock fell a bunch. If they had made the same information clear and gone all Meego, the same drop would have occurred. If they had done virtually anything, the same drop would have occurred.

I'm ceasing to be a Nokia customer no matter what happens to the stock, but I expect the stock price to swing back and am wondering if I should buy some about now, just for fun...

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Well, HP already bought Palm, so they probably don't want Nokia, but wouldn't it be fun if Intel used all of its liquid assets to acquire a control package of Nokia's shares, and then fired the current board and CEO and forced Nokia to use MeeGo :p

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

HP does have the Linux based WebOS, but no market share in mobile phones or tablets. Does Qt fit WebOS?
Putting WebOS on Nokia phones would give them immediate substantial market share.
HP's CEO (Leo Apotheker) is German.
HP is the biggest PC maker, Nokia (still) the biggest phone maker.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

WP7 runs on ARM.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

I think the content of the post in that link says it all...

In brief, it looks to me, that the nokia CEO was planning to give a better return of investment to the shareholders by sacking the Nokia developers, and then going to purchase windows mobile from Microsoft, where interestingly enough the Nokia CEO is also the 7th biggest shareholder. Can someone please correct me if I'm wrong?

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

dream on that would be a strategyck mistake by intel. remember theyr mainly a shipmanufactor not a sw company. they also want android and wp7 used on they cpu/gpu

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

hmm wasnt the plan webos should merge with meego 2012?

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

wow. looks like the N900 will be the last Nokia phone, I will ever have lol.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Seriously dude... you're one pain in the ***. You want answers? Fine, I'll entertain even a person like yourself for a moment.

Yes. From nearly 40.00 USD to 8.50 - nearly 1/5th of its worth whereas the entire stock exchange had not devalued that same amount. Simply stated, Nokia outpaced the downward trend you're alluding to in your next "point"...

From 40 to 8.50 is down some almost 80%. Then you want to add the current 14% (+ 5% today) drops, it doesn't have the same pace as the current stock exchange devalue. Simply put, Nokia outpaced the stock exchange drop; just like they outpaced the short-term growth as you allude to below...

Ever thought it was because they had a new product to sell, whereas right now they do not? Rule of the thumb is that if you have a product with a pretty good buzz and/or is currently shipping, your stock worth tends to increase. Go back over Nokia's 4 year value and you'll be able to pinpoint when a new device was announced.

It is that simple. It is that noticeable.

Correction. It was 14% of their original price. Then another 5% of their devalued price. That does not equate to 20%.

Case in point since you've somehow missed out on high school mathematics:

10.00 x 14% = 1.4
8.6 x 5% = 0.43

Total loss = 1.83 or roughly 18.3%

Not 20%.

Yep. And yet Nokia can't convince anybody they're worth 25% more.

Absolutely nothing.

Absolutely nothing.

Now you're asking the wrong person kiddo. I have never argued that Microsoft was good for Nokia; nor have I stated that Microsoft was not the plague for Nokia.

Nokia was the plague for Nokia. Simply stated, they have not established themselves worthy of keeping their 2007 status, nor their 2008 status, nor their 2009 status... all of which were higher than their 2010 status (stock price) and they can't convince the world that they are worth more than (estimated by other analysts) 7.00 a share.

That's three years in a row that they hadn't proven their worth to the stock exchange. What more is there to say? That during the years of the N810 and N900 that the downward trend had continued?

Which part of that do you not understand? They had spikes, they had valleys, however the general direction has been down, down... down since 2007. Take a look at a 4 year composite and report back to me. You'll see what I've seen and have answered you above.

The market is telling you (and I'm reiterating myself for the last damn time here) that for the last 4 years, despite peaks and valleys, Nokia's worth has been on a constant decline.

Don't believe me? Ask a person that's invested in Nokia, ask a person that still has Nokia stock that bought in at 10.50 (where I sold at) and have rode it down to $8.38 (or so) where I purchased last year.

Now, if that's not an answer, you are one complete bumbling idiot that needs not address me ever again.

Savvy?

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

LMAO, you really come over as a complete a**hole. Or did you have one drink too many?


And your numbers are wrong.

Using end-of day data:
Nokia ADR were down

• 7.25% on Feb 10
• 13.97% on Feb 11
• 5.56% on Feb 14

They are down 18.75% Feb 11 to Feb 14, or 24.64% Feb 10 to Feb 14.

Now go back to your room an play with your toys. Good boy.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Completely sober. Are you?

So were yours. Glad you recalculated after I pointed out your mistake. I pulled my numbers from my head. 18.3% is closer to 18.7% than you were at 20% - if this were a game show, I was closest without going over*

*Bob Barker rules apply

Any more puerile exchanges you wish to have, it will not be with me.

Toodles.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

ok you 2 move on with life

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

I really hope you will keep what you promise, Erbsenhirn.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

I'm too lazy to do the research, but, does anyone know who is doing the selling? Mainly Europe? US? Both?

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

i don't think one can know that exact #. may be looking up the volume# from all the exchanges?

cheers

ps: it will be 'fun' to see who is buying(or shorting the stock)

pps: may be i should not use the word 'fun' here. the price drop here is significant for those folks that have the nokia stock as part of their nest-egg saving. upto 20% lost in valuation at the time you need it -- is really bad.

Re: Microsoft is the plague: Nokia stock drops 14% as 1,000 employees walk out
 

Still -5,56% today...