Nokia and Microsoft enter strategic alliance on Windows Phone, Bing, XbL

[Booh!]

kowenicki said:

Booh! said:

To all those saying: "Nokia is big, it's got a 40 billion dollars market cap".

Yesterday Nokia was a 40 billion $ company, today it's a 35 billion one. ;)

-14% in a day and it's getting worse (it was -12% at 12:00 CET).

yeah.. its tiny now.

sheesh.

You can have even 100 billion $, but if you need 99 billion $ in cash to keep your business running, you couldn't afford even a 2% loss. Enron, WorldCom, Lehman Brothers, Fannie Mae & Freddie Mac, all of them had billions of $ on the market, but crashed in a few days; Nokia is a manufacturer company, so it has some advantages and its assets cannot devalue so quickly, but it's not market-proof.