Train wreck on 13 April 2012
Nokia CDS currently stands at 490 and its stock is down another 5% today after dropping the last two. At the current pace, i would not be surprised if they will be bankrupt or bought out in a years time
I am sure that their dividend will be cut or suspended as it tries to shore up capital. their burn rate must be atrocious, even with msft giving them 250 million.
I don't know why people are touting Lumia sales. Nokia themselves said that their 2nd quarter will be worse then their first, and thats with the Lumia being on the US market for 3 months.
