A lot of chatter about the Nokia stock but this is more in line with the earlier announcement from the CEO that the company was in trouble. The stock point was actually higher than its low some 6 months ago so I see this as a readjustment to a realisation Nokia was not doing as well as the stock would suggest. What is dissapointing is that the announcement with regards to a strategic partnership did not result in a rally. Then again this is a technology market and to some degree the analysts are still getting their heads around it all and are probably scrabbling for information. Ask yourself this if they were so all knoweledgable how come they took Nokia from a low of 8.5 in August 2010 to a high of 11.7 prior to the CEO memo leak.
This is a brave move and what they are doing is pre-empting a decline in the Symbian market and it is the strong symbiam market which has allowed them to take the eye of the ball. Suprisingly for some on here it would seem but smartphones are only one aspect of the marketplace. What you are seeing from Nokia is a recognition of its future importance. A partnership with Microsoft allows them to backfill where they have not previously been strong.
My recent experience with the N8 really confirmed to me how off the ball Nokia had become and my recent experience with both the N8 and the Omnia with WM7 that I now welcome this move.
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Winner of the 2010 VGC Holiday sales prediction thread with an Average 1.6% accuracy rating. I am indeed awesome.
Kinect as seen by PS3 owners ...if you can pick at it ...post it ... Did I mention the 360 was black and Shinny? Keeping Sigs obscure since 2007, Passed by the Sig police 5July10.
