Friday, February 11, 2011

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.
Posted by SkyBlue at 10:51 AM
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5 comments:

  1. LinksssFebruary 11, 2011 at 4:38 PM

    did you hear about the memo the ceo sent out. nokia is not lookin good right now

    ReplyDelete
  2. LinksssFebruary 11, 2011 at 4:38 PM

    did you hear about the memo the ceo sent out?

    ReplyDelete
  3. The Facts of VidyaFebruary 11, 2011 at 6:17 PM

    Hmm, doesn't look good for Nokia

    ReplyDelete
  4. murz90February 12, 2011 at 2:20 AM

    So, goodbye nokia.

    ReplyDelete
  5. AndrewFebruary 12, 2011 at 2:00 PM

    I hope they bounce back with some innovation of their own--they have always made dependable products. I loved the Nokia brick phone... Bring back the brick!

    ReplyDelete

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