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(Yahoo)   Even with more cash in the bank, Nokia posts big loss, not that anybody's listening   (news.yahoo.com) divider line 11
    More: Followup, Nokia, Capital One, World Wide Web, Samsung Electronics, AT&T Inc., euro cents, Photo of the Day  
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369 clicks; posted to Business » on 19 Jul 2012 at 11:52 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-19 10:50:01 AM  
I don't understand the stock market. Nokia loses 1 billion in the 2nd quarter, and yet the Nokia stock is up 6.65% (as of the posting of this comment).

/Why did I buy Nokia, anyway? Good thing it was already cheap when I got it so my losses aren't huge.
 
2012-07-19 11:57:09 AM  
Nokia is still around?
 
2012-07-19 12:06:51 PM  
At this point, isn't the CEO just wondering who'll scoop them up in a buy out?
 
2012-07-19 12:10:48 PM  

RexTalionis: I don't understand the stock market. Nokia loses 1 billion in the 2nd quarter, and yet the Nokia stock is up 6.65% (as of the posting of this comment).

/Why did I buy Nokia, anyway? Good thing it was already cheap when I got it so my losses aren't huge.


I guess the market expected it to lose a lot more than a billion.
 
2012-07-19 12:13:28 PM  

RexTalionis: I don't understand the stock market. Nokia loses 1 billion in the 2nd quarter, and yet the Nokia stock is up 6.65% (as of the posting of this comment).

/Why did I buy Nokia, anyway? Good thing it was already cheap when I got it so my losses aren't huge.


Expected loss was greater than real loss. Expected loss was already priced into the stock, thus, the stock went up.
 
2012-07-19 12:28:26 PM  

YixilTesiphon: Expected loss was greater than real loss. Expected loss was already priced into the stock, thus, the stock went up.


Arkanaut: I guess the market expected it to lose a lot more than a billion.


The analyst forecasted loss was like 420 million.
 
2012-07-19 01:32:50 PM  
Mainstream consumers don't need a third phone OS, and geeky consumers will never forgive Nokia for what they did to MeeGo.

So who is their market, again? Do they even have one?
 
2012-07-19 02:45:35 PM  

RexTalionis: YixilTesiphon: Expected loss was greater than real loss. Expected loss was already priced into the stock, thus, the stock went up.

Arkanaut: I guess the market expected it to lose a lot more than a billion.

The analyst forecasted loss was like 420 million.


Damn your RingTFA.
 
2012-07-19 08:58:11 PM  
Lookin forward to a Pureview Windows Phone device from Nokia. Glad to see they still have more cash reserves than expected, but they need a huge product in 2013 to really get back in the game.

Jolla Mobile looks promising for all of the open source lovers..
 
2012-07-20 08:11:55 AM  

MrEricSir: Mainstream consumers don't need a third phone OS, and geeky consumers will never forgive Nokia for what they did to MeeGo.


Testify, brother.

I got an N810 at a flea market, and its a great little gadget for checking email & light surfing when I
can't be bothered to fire up my main computer in my house, and Maemo/Meego was a decent and
usable OS.
 
2012-07-22 04:31:25 PM  

MrEricSir: Mainstream consumers don't need a third phone OS, and geeky consumers will never forgive Nokia for what they did to MeeGo.

So who is their market, again? Do they even have one?


We do need a third OS and we are about to get more as Amazon and Firefox are reported to be working on something. By having three OS it provides more choice and makes the other 2 perform better.

One of the biggest problems with Android is while it can do everything, its unstable, has constant force closes and the applications are made poorly when compared to iOS.

Plus with WP8 should they deliver on all the promised features will be the choice OS phone for business users.
 
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