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Moody's slashes Nokia’s credit rating to junk

0. phoneArena 18 Jun 2012, 02:57 posted on

Moody’s cut Nokia’s credit rating to “junk” right after the Finnish phone maker announced it’s slashing 10,000 more jobs and expects loss to widen as Windows Phone…

This is a discussion for a news. To read the whole news, click here

posted on 18 Jun 2012, 03:02 10

1. PhansMuneeb (Posts: 345; Member since: 28 Jan 2012)


Only God knows what will happen to Nokia

posted on 18 Jun 2012, 05:41 5

9. honest (Posts: 3; Member since: 18 Jun 2012)


You don't need God to know what inside nokia. You need an honest analyst/reporter to tell the truth to the whole world.

like this:
communities-dominate.blogs.com/brands/2012/06/the-​final-reckoning-of-burning-platforms-memo-damaged-​nokia-by-wiping-out-13b-in-revenues-and-destro.htm​l

this guy... Tomi Ahonen, is the most HONEST analyst in regards of Nokia problem. Read his blog, and you'll know MS is too evil to survive.

this is the c&p from his blog.
go to that link above to see the full article
"The Final Reckoning: Burning Platforms Memo Damaged Nokia: Wiped out $13B revenues, Destroyed $4B profits in just 12 months

I really hate doing this, these Nokia blogs make me so sad. But this is history, we have to record it, the facts have to stand. Yes, the Burning Platforms memo was released in early February of last year, but its true cost could not be calculated until now. Now, that we have seen four consecutive full fiscal Quarters of Nokia performance. So this is the Final Reckoning blog about the costliest management memo ever issued. The Burning Platforms memo plunged Nokia into an interminable crash-dive of its smartphone sales (a collapse that is still continuing today 16 months later) and cost Nokia in the immediate next four quarters - 12 months - a massive 13 Billion dollars of lost revenues, and 4 Billion dollars in profits wiped out. So lets examine the issue and call into court, the case of Nokia vs Elop."

posted on 18 Jun 2012, 03:25 9

2. daniel_bargs (Posts: 323; Member since: 27 Nov 2010)


i really wanted to buy an Android Nokia phone. free software, just mind the hardware... but they chose the expensive and iOS-like OS. i ended up buying Sony. now im looking forward to seeing the manufacturer i chose for my last 3 phones to fade away :)

posted on 18 Jun 2012, 04:05 11

5. Rocksteady (unregistered)


I agree with you, After buying the nokia e6, I decided to go android, I'm currently using a Motorola Droid Razr, simply great and flawless.
iOS, symbian and WP are good, but not as good as Android.

posted on 18 Jun 2012, 10:23 2

19. CharlieAtInfinity (Posts: 253; Member since: 10 Apr 2012)


Their arrogance will lead them to their grave :( Well, I have ended up with a Sony phone too and Android is quite flawless on the xperia s.
wish nokia had adopted Android back when Galaxy S came!! Sad to see World's NO1 Mobile manufacturer die a slow death!

posted on 18 Jun 2012, 03:34 13

3. pokharkarsaga (Posts: 360; Member since: 23 Feb 2012)


WP8,last ray of hope.if wp8 fails nokia is history.

posted on 18 Jun 2012, 05:29 12

8. MISTER-H (banned) (Posts: 87; Member since: 28 May 2012)


Wp8 is another fail....

posted on 18 Jun 2012, 04:05 6

4. homeedition88 (Posts: 10; Member since: 16 Jun 2012)


If they decided that making improvement on Symbian (touch user friendly interface - more resolution ) and making improvement on hardware ( ARM 9 - 8 Class Cpu's) they would be successful for now. With the old Symbian Nokia doing great in Europe and in Russia, Turkey, Middle East etc. But the new "CEO" decided to get some market share from North America and make Windows phone.?! That was a very big mistake and very obvious one... And no wp8 is not the nokia's last hope. Last hope for Nokia was Meego...

posted on 18 Jun 2012, 06:50 1

16. microsoftnokiawin (Posts: 930; Member since: 30 Mar 2012)


Symbian Donna was expected to bring things like dual core, and 720p screen resolution and it would have been released this year

posted on 18 Jun 2012, 10:43 2

20. homeedition88 (Posts: 10; Member since: 16 Jun 2012)


It is too late now because the Nokia CEO said that there will be no support for Symbian in the future. Now the main platform is windows phone :)
Most sad part is, even at the beginning windows phone haven't got a global services but with Symbian Nokia had. After that if you said "no support" for your globally supported O.S that your sales will going down. I do not believe that Elop gave that decisions for a sake of Nokia's but he gave that decisions for a sake of Microsoft...

posted on 18 Jun 2012, 04:58 9

6. FoneAddict (Posts: 198; Member since: 05 Jul 2011)


Nokia are committing commercial suicide by stubbornly sticking with Windows as their main platform. Everyone can see this except for a few Microsoft die-hards and the Microsoft mole himself Stephen Elop.

I feel sorry for all the Nokia employees who will be losing their jobs due to the utter incompetence of Stephen Elop and Co.

posted on 18 Jun 2012, 05:26 10

7. MISTER-H (banned) (Posts: 87; Member since: 28 May 2012)


Good bye Nokia..... joining BB down the
road..
stephen eflop the bribe who killed his own
Platform for windows.. .

posted on 18 Jun 2012, 05:42 7

10. honest (Posts: 3; Member since: 18 Jun 2012)


Steven Elop is a trojan horse
a MS pupet
He must be trial for justice

posted on 18 Jun 2012, 05:53 4

11. I.P.H.O.N.E (banned) (Posts: 33; Member since: 09 May 2012)


Nokia uve had ur years. Its time u go junk, ur phones are
Low specs... Unlike Android and iPhone.... And its way to restricted!

posted on 18 Jun 2012, 06:09 4

12. mercorp (Posts: 967; Member since: 28 Jan 2012)


Bye bye nokia...

posted on 18 Jun 2012, 06:17 2

15. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Bye bye Nokia...

posted on 18 Jun 2012, 06:12 2

13. Bluesky02 (Posts: 1439; Member since: 05 Dec 2011)


Let's see 2013 financial Quarter. It'll be DOA for Nokia.

posted on 18 Jun 2012, 06:17 2

14. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Good luck.....

posted on 18 Jun 2012, 08:16 4

17. MartyK (Posts: 702; Member since: 11 Apr 2012)


The ONLY hope they have is to switch to Android like NOW!...or be like BB :(

posted on 18 Jun 2012, 10:04 2

18. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


True said.... then ile bye a Nokia phone!

posted on 18 Jun 2012, 16:24

21. krimHD (Posts: 106; Member since: 23 May 2012)


Nokia my Love :(

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