Nokia's debt downgraded to less than junk
0. phoneArena 05 Jul 2013, 21:19 posted on
How potentially worthless is debt issued by Nokia? After the Finnish based handset manufacturer purchased the half of a joint network equipment venture owned by Siemens for $2.2 billion, S&P lowered its rating on Nokia debt by one notch from BB- to B+; Nokia's debt was already at junk levels before the downgrade. Bonds rated at that level or lower are not allowed in the portfolios of certain bond funds...
This is a discussion for a news. To read the whole news, click here
32. MachidoDen (banned) (Posts: 202; Member since: 30 May 2013)
Even if nokia makes android then also they cant match up against samsung because samsung is the only brand in android which is coming up with those gimmick features which we see it in 6 other handsets
samsung make their own exynos which (1.6 ghz) is much faster than snapdragon's 2.3 ghz
Only problem with samsung is design and they can improve it in next galaxy flagship
77. Whateverman (Posts: 3262; Member since: 17 May 2009)
Yeah they could. Nokia would be an instant that to Samsung. Not Saying they would become number one instantly, but they would take a huge chunk out of Samsung's sales.
95. Heritor (Posts: 47; Member since: 05 Nov 2012)
Please tell me how. In the US alone they are still unknown. A Nokia Android device would have as much pull as a Huwei device in the US. Did you even bother to see how much Nokia devices most of the carriers had before they brought out their lumia line up? In the US the only carrier to have a Nokia device was At&t..
Oh yeah some finish manufacturer that most people haven't heard just made an android phone.... Yeah so much pull...
10. papss (unregistered)
This is terrible news. Hope they move up at a faster rate. I would expect they have big plans up their sleeves. Did they ever say what that meeting was about
18. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)
They are stuck with a contract with MS for another year so they can't use plan b.
35. abcdefgh (banned) (Posts: 471; Member since: 29 Mar 2013)
contract ends in 2016.
get ur facts right
80. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)
O my God that or even worser...
If it had been next year they could've gone for plan B.
So MS have to feed milk to the collapsing sinking company. How shame! How low can he go! ®
14. neutralguy (Posts: 1152; Member since: 30 Apr 2012)
I dont know why purchasing a profiting company got them downgraded. It's actually good for them for having a full access and use of nokia-siemens. Also,all the profits will be for them.
73. -box- (Posts: 3991; Member since: 04 Jan 2012)
Apparently a lot of folks/trading houses didn't expect such success so soon, so their purchases of "short" stocks isn't being turned over fast enough nor in the right way to be profitable, so the houses and "powers that be" are downgrading to encourage folks to buy the "short" futures. There's more to it than that and even I don't fully understand it, but it's an attempt to try to make more money for an already-rich stockholding organization
24. FlushGordon (unregistered)
NOKIA = Junk
36. abcdefgh (banned) (Posts: 471; Member since: 29 Mar 2013)
it takes time to realise that things you thought junk are not so but rather very good
41. MachidoDen (banned) (Posts: 202; Member since: 30 May 2013)
Dont lose this spirit
Keep on trying
But lumia wont sell like hotcakes :D
25. Jehovah (Posts: 69; Member since: 25 Jun 2013)
I guess you need a six figure anual salary to fully understand a few of those thesis. Nokia has strong signs of recovery and made a acquisition that holds some sense, considering its NSN is making a profit, and gets downrated. Samsung sells millions of its S4, puts record results, and sees billions of its value evaporate of night. Doesn't make that much of a sense.
33. roscuthiii (Posts: 2217; Member since: 18 Jul 2010)
A very few rich are playing a game where only they get richer.
27. MachidoDen (banned) (Posts: 202; Member since: 30 May 2013)
Nokia u really deserve this
keep going on
Bring some more lumia and soon samsung will kick u so hard that u can't even think of making a flagship
Note 3 will really hurt u nokia
37. abcdefgh (banned) (Posts: 471; Member since: 29 Mar 2013)
samsung itself is struggling to raise their stock price.
coz their own s4 kicked them so hard.
39. MachidoDen (banned) (Posts: 202; Member since: 30 May 2013)
Yeah still they sold 20 million s4 in just few weeks which is faster than s3
and what about ur lumia??
Which is still cheaper at price than s4 ,but cant even cross 5 million mark
40. MachidoDen (banned) (Posts: 202; Member since: 30 May 2013)
Nokia better focus on feature phones because there is no hard competition :D
43. UrbanPhantom (Posts: 949; Member since: 30 Oct 2012)
Samsung stock recently dropped about 25 billion, due to the S4 failure; basically the entire value of Sony. Now there's a falling knife for you ;o)
46. ItsMyChoice (Posts: 37; Member since: 19 Mar 2013)
53. MachidoDen (banned) (Posts: 202; Member since: 30 May 2013)
Samsung is not interested in buying Junk
58. MachidoDen (banned) (Posts: 202; Member since: 30 May 2013)
If ur nokia is not on top 5 then its not samsung's problem
Being on top means being KING
u go and buy 1 million lumia alone to help nokia :D
62. WHoyton1 (Posts: 1635; Member since: 21 Feb 2013)
Samesung......a person with sub par intelligence like yourself may actually laugh at that.....and mind explaining how one of the biggest companies in the world is junk .....if there junk surely you could do better.....idiot
63. MachidoDen (banned) (Posts: 202; Member since: 30 May 2013)
Dont worry i will try to tell samsung that please have some mercy on nokia
I will mail them
That please give nokia atleast 1 chance so that they can sell atleast 1 million SU-mia :D
74. -box- (Posts: 3991; Member since: 04 Jan 2012)
Folks said the same thing about Nokia not long ago. Could samesung be making the same mistakes as other companies not long ago? They sure seem fascinated with their own hubris and unnecessarily flooding the market with needless derivations. They need to reel themselves in before they take a tumble like blackberry and HTC and even Nokia. Make just two or three tablets, one Note-sized thing, one flagship, one rugged, one midlevel, one entry level, and make a few new basic and "feature" phones.
81. Loubielou (Posts: 508; Member since: 11 Jul 2012)
Mr Elop is downgrading the Worth of Nokia,so is old employees Microsoft with step in an overtake Nokia,people have seen this plan happening for ages,as Microsoft is not as popular as Apple,as Microsoft needed someone to improve there portfolio,an how the Nokia Board gave in to Mr Elops plan is just Amazing,the name of Nokia use to be so popular,but Samsung have just loved the downgrade of Nokia,an solved all Nokias problems an now loving there dominance in Smartphone Market
88. InspectorGadget80 (unregistered)
Nokia gonna gave too make a Android handset or loose more money from their account
90. 7thspaceman (Posts: 1544; Member since: 14 Feb 2011)
there was a Rumor lthis week indicating Nokia now might go up for sale again I think Microsoft will ether buy Nokia completely which was something they could not do before because Siemens owned part of Nokia and Microsoft got charged so much by Siemens they walked out the last deal or Microsoft will buy up the controlling interest in Nokia to insure they have an OEM that will make Windows Smart phones because most of Microsoft's OEM'S currently make only one or two Windows smart phones. Microsoft's OEM's may add a new model this year because Windows smart phones can now run with Quad core CPU's and Full 1080P HD screens. Windows Smart phones are going to get major software updates this summer and in 2014 with the windows Phone 8 blue updates so that they will fully be able compete with Android and Apple Iphones.
92. networkdood (Posts: 6330; Member since: 31 Mar 2010)
Elop still works for Microsoft as he is just softening up Nokia for a MS buyout and is driving the price down as low as possible.
102. kindlefireowner (Posts: 503; Member since: 05 Dec 2011)
I put my money where my mouth is because I currently own the stock. Nokia will survive as well as windows phone as the 3rd OS. The key is not trying beat Samsung or Apple, The key is to make a quality product that people want to buy.
The people who comment on phone arena do not represent the average consumer. If they did then Apple would not be selling over 10 million Iphones worldwide every month.
105. Aendil (Posts: 5; Member since: 06 Jul 2013)
Whatever the dudes at SP say, Nokia makes far better phones that all the rest.
106. GeorgeMarvin (Posts: 1; Member since: 23 Aug 2013)
One question before we say Nokia is ready for the financial graveyard: Does MS own an exclusivity clause with Nokia, or can Nokia just switch to Android and return to greatness, or is it saddled with an exclusivity deal that insures that it's going to sink?
If it can, Nokia should just bite the bullet and switch from Microsoft to Android, or at least offer both OS on all their phones, or sell out to MS before they lose even more market share. If it's stuck with a multi-year exclusivity deal, it's probably terminally ill, with a prognosis of corporate death in a couple of years. MS wouldn't intentionally tank a company just to make another try at getting a foothold into the cell phone OS market, but a good argument could be made for depraved indifference.
As a customer, I would like a 41 megapixel phone, but I sure wouldn't give up all the benefits of Android and maybe a half-million apps, with thousands more being produced every day, many of which are free, just to get that ONE feature. Guess I'll just have to settle for 8 megapixels.
Nokia picking MS over Android just doesn't seem like a good business decision. People have grown tired of paying the ever-increasing prices that MS charges for its software; if Android published a competing desktop/laptop system with its already existing, massive, dynamic developer base, Windows would probably be on the defensive in a matter of months. Unlike Ubuntu or Linux, we're all familiar with Android, we already use it every day, and it's got a lot of goodwill built up. It's got an app for anything we want to do. It comes with the Chrome browser. It's dependable, too.