Massive Layoffs Expected at Nokia

Massive Layoffs Expected at Nokia

This news story is posted together with the news to work with Microsoft against Google's Android and Apple Iphone. I ask...Why? The android platform is free. Why does Nokia have to do this and layoff a ton of its work force? Nokia's stock price is down a whopping 14% and I think they deserve it.

This I believe is a strategic suicide. Why does this company want to jump into a competitive atmosphere without good prospect of profit? In a couple years they will post billions of lost because of this strategic blunder then cancels the project. Nokia bye bye...I will stay away from this stock at all cost.

I think the financial competition among the phone and wireless industry is becoming to have some clear winners and losers. My fellow readers, if you plan to buy into stocks, stay away from the losers. It will save you lots of money.

Verizon iPhone Launch Day!: BOR-ing

Verizon iPhone Launch Day!: BOR-ing

lol ouch...I guess that everyone who has already bought Iphone already did...Verizon is late in the game so that they will not get much financial advantage out of it. It could make matter worse if they paid alot of money and commission to be able to carry iphone.

I think next quarter's stock earning will be hurt because of this flop...then the company's management can blame their lack of performance and earning blah blah because lack of interest for the iphone. So maybe I will stay away from buy verizon stock for now. You do not know whether or not it will bite your ass later.