Nokia on verge of collapse, bankruptcy or take-over

[fridayblues]

well, i honestly didn't think of this when I was writing. But how accurate are their predictions?

I am just sad for Nokia. For the record, I've owned more than 20 Nokia handsets.

I loved my rare 6800. How can I forget that sexy 3210 and 6210 Cyber Silver? My weird 3650, my cute 8210. My gigantic 9210i. My very first camera phone 7650, and my first dual camera phone 6680. And many many more. I just miss my Nokia days.

Now, even my spare flash light phone is from Samsung.

predictions of a nokia collapse? well all the financial and stock market analysts are already saying it.

these predictions are based on actual nokia financial statements and statements make by nokia ceo elp just a few days ago.

nokia had a horrific 1qtr 2012 - $1.4 BILLION loss. a few days ago, elop said the 2nd qtr financials are worst than predicted. that can only mean much bigger financial loss for Nokia, bigger than $1.4 Billion.

elop also said the sales of their smarthphones (lumia) is weak or is not meeting expectations.

these are real numbers here.

[fridayblues]

So your fearless forecast is by 3rd Qtr of 2012. That's a 3 month window. Can you narrow it down to a month? So if Nokia will still be alive by January 2013 (assuming there's no Microsoft takeover) do you promise to eat crow?

i am not a financial analyst so i cannot make predictions like that. i don't even think real outsider financial analysts can make such predictns either.

these are just milestones that nokia need to face - 2 debt papers will mature in the 3rd quarter. if nokia and many are saying they will not be able to pay up on these debt papers.

if nokia defaults on these debt papers, going into bankruptcy seem to be the next move.

[Papichulo168]

^
You don't sound too sure now. It's like predicting someone's gonna die but you can't say when.

Masakit sa tenga ang sirang plaka no matter what's playing on it.

[fridayblues]

^
You don't sound too sure now. It's like predicting someone's gonna die but you can't say when.

Masakit sa tenga ang sirang plaka no matter what's playing on it.

not even financial analysts will make predictns like that.

but i was right on the dot in saying some months ago that nokia can go bankrupt is this year or next year at the latest.

[fridayblues]

Nokia is pinning its hopes of survival on the Lumia range of phones, its first to use Windows software. But between the lavishly marketed global unveiling last November and March this year, the company had sold just 3m Lumias – a drop in the ocean compared to the 72m Apple iPhones sold since October.

http://www.guardian.co.uk/technology...?newsfeed=true

--------

the lumia not doing enough, not being bought by many consumers is at the core of the problem of nokia. the lumia is supposed to save nokia but it has not done that.

th lumia got mixed reviews, many were even positive but consumers were not buying it. even here in pex many posters keep talking about old nokia handsets but very few are saying they actually bought a lumia.

[rosannarose]

these are just predictions used to insult nokia fans. not really true.

[rosannarose]

have you guys checked the

Nokia 808 PureView blind test

[swellbong]

^Huh?

Here's hoping that Nokia will be able to surmount its debt and come up with something big. The PureView seems to be promising, though I doubt this will be their deus ex machina.

[fridayblues]

these are just predictions used to insult nokia fans. not really true.

not true? lol you should google, lol.

10,000 nokia workers laid off is no joke. that is around 20% to 25% of nokia's total worldwide work force. that means 20% to 25% of pinoys working at Nokia Philippines could lose their jobs in the near future. there is no joke in that.

[rosannarose]

not true? lol you should google, lol.

10,000 nokia workers laid off is no joke. that is around 20% to 25% of nokia's total worldwide work force. that means 20% to 25% of pinoys working at Nokia Philippines could lose their jobs in the near future. there is no joke in that.

they went down but its not true that they will close or stop supporting existing nokia phone owners.

[LOLOLOLOL]

these nicks trolling windows and nokia users are just a rehash of sargo and antenna.

[rosannarose]

i wonder what they get for doing such?

[fridayblues]

they went down but its not true that they will close or stop supporting existing nokia phone owners.

if nokia delcares bankruptcy and no longer exists, who will give support?

[ILZurich]

Saw this news sa CNN yesterday. almost 10,000 workers daw maaalis dahil bagsak na ang Nokia.

Clear the decks: Nokia cuts 10000 jobs in radical shake-up

Nokia's revenues have been greatly suffering due to competition from Apple and Android, battering the company's share price to the point that some shareholders have sued.

read more

http://www.zdnet.co.uk/blogs/communi...e-up-10026393/

[fridayblues]

"Elop is cutting costs and hoping for a miracle, but it looks like Nokia is staying on death row," said John Strand, founder of Danish industry consultancy Strand Consult.

---

The current range of Lumia phones won some good reviews, but has had relatively little success among consumers.


----


At the end of the March Nokia had 4.9 billion euros of net cash and already before factoring in charges from the latest round of restructuring some analysts had said the company could run out of cash next year. On Friday the price of insuring Nokia debt in the credit default swaps market put the probability of default at 54 percent.

"Cash flow is the problem right now," said Morgan Stanley analyst Ehud Gelblum, while analysts at S&P Equity Research said there is a 30 per cent chance of Nokia's share of the phone market spiraling down to nothing.

----


above quotes from here - title of the article :

Is Nokia hurtling to its death?
Reuters | Jun 16, 2012, 02.15PM IST

read here : http://timesofindia.indiatimes.com/t...w/14179141.cms

[Papichulo168]

i wonder what they get for doing such?

Probably not as much as what Nokia spammer Redmond et al gets.

[fridayblues]

another article saying the Lumia, the supposed savior of Nokia has not been successful :

For Nokia, a combination of factors have put the company in an increasingly difficult situation. Nokia's strategy simply isn't playing out as well as it had hoped, according Wood. Sales of its Windows Phone-based Lumia smartphones haven't taken off to the extent it needs, the appetite for Symbian-based smartphones has disappeared very quickly and Nokia has also struggled in the feature-phone sector.

http://www.computerworlduk.com/in-de...y-competition/

[ic3mint]

Mauuna muna mabankrupt ang Blackberry bago ang Nokia IMHO.

[rosannarose]

if nokia delcares bankruptcy and no longer exists, who will give support?

malaki nga problema mo. lol

[fridayblues]

wall street is of course now giving valuations on nokia. it will be what potential take over companies will pay for the nokia business if it is taken over.

this is the value that an analyst has put on the nolia cellphone business : ZERO value, it has no value,

"We assume zero value for the device and Nokia Siemens Networks businesses," he wrote. "We see little hope for a turnaround from here even with a refined strategy."

http://www.myfoxphoenix.com/story/18...ias-true-value

that says this analyst does not see nokia's cellphone business as viable in the future. a company taking over nokia will buy nokia for reasons other than their cellphone business.

really sad considering nokia used to be the number one cellphone maker.