Nokia loses its position in European Blue Chip index

Nokia loses its position in European Blue Chip index
Euro STOXX covers the Old Continent’s top 50 companies from 12 countries. That's some useful background knowledge as Nokia, which is still considered to be the world's biggest phone maker, was comfortably placed in the blue chip index. The latest quarterly review however kicks the Finnish phone maker out, dealing another blow to its already corrupted reputation, and hints at not much optimism for the upcoming Nokia Windows Phone.

Nokia has lost more than 40% of its share value over the last year and that’s one of the main reasons for it getting removed from the index. The decision will become effective September 19th.

Nokia will be leaving the STOXX index along with three other banks and all of them will be replaced by four new companies, with no phone maker in them - consumer products Unilever, luxury goods LVMH, British power distributor National Grid and chemical firm Air Liquide.

source: Stoxx via WSJ (requires subscription)



1. WorldStocks unregistered

Nokia will come back.

4. jthiagesan

Posts: 104; Member since: Apr 20, 2011

I agree they will come back once they release wp7

8. corporateJP

Posts: 2458; Member since: Nov 28, 2009

I wouldn't bet the farm on it. Don't get me wrong, my favorite phone was a Nokia, but those days have come and gone. I hope they rebound, but I'm personally skeptical. Right now, they're an acquisition target.

13. hepresearch unregistered

If Nokia and Microsoft cannot beat out RIM's BlackBerry, then they will not become the "third mobile ecosystem", Microsoft will have to develop a new product line, and Nokia will cease to exist... since the US-based corporate types have, essentially, already decided that a "three-horse race" is the way to go, whoever falls behind will be put out to pasture... Either Nokia will be acquired, or RIM will be acquired.

19. Worldstocks unregistered

If you want to avoid a European recession buy Nokia phones. RIM reports a decline in earnings, check it here : (or) official -

14. winsaki234

Posts: 63; Member since: Mar 30, 2011

Nokia will dead.

20. Economics unregistered

Totally agree with you. If you want to avoid a European recession buy nokia phones. Nokia makes phones which are a great value for money.

2. snowgator

Posts: 3621; Member since: Jan 19, 2011

It is very important to remember stocks reflect what is happening now, very rarely what is the future. Most investors give the knee-jerk reaction. I do believe Stoxx made the right decision. Nokia is moving into a smaller ecosystem to try and raise overall profits. This is a huge gamble, and I am surprised it took them this long to react to it. I believe in WP7, but Nokia did not handle the P.R. side of the move very well considering how long it has taken to get this horse to the market. I believe they will be back as well, but why not keep one line of Symbian devices going and well supported, which would have put investors fears to ease until the W7 devices were in full swing?

5. bluechrism

Posts: 99; Member since: Sep 09, 2011

"but why not keep one line of Symbian devices going and well supported, which would have put investors fears to ease until the W7 devices were in full swing?" See Nokia 700, 701, 600 on Symbian Belle. Not really for the west and certainly no US release (much like N9) but for the asian market (Announced in Hong Kong i think). Also the Dual SIm devices they announced earlier this year are apparently selling very well in India. However, stock market stuff usually reflect the US and Western Europe view and to that extent these devices are somewhat out of sight/out of mind. We'll see what is ahppeing for the west at Nokia World in October - looking forward to seeing a bunch of Nokia Windows Phones, and seeing if it's stock mango or if Nokia has been able to take any liberties. (Imagine Swipe, implemented on Windows Phone for example).

3. PeterIfromsweden

Posts: 1230; Member since: Aug 03, 2011

Nokia shoud have waited with the WP7 announcement untill they had a phone they could release next day. this plus that no one is buying WP7, is why it is not going well for Nokia now.

6. bluechrism

Posts: 99; Member since: Sep 09, 2011

Hardly possible. A strategic deal with huge amounts of money involved decision like that probably required that inverters were informed. They probably didn't have a choice. But they could have done things much better in the way it was announced. As for Windows Phone, it's not selling well, in part because it's functionally deficient, but I have used Mango on a HTC HD2 (check XDA developers) and it's really quite good. There are still some frustrations, but with Mango, it's fit for use as my normal phone (except the proximity sensor is dodgy on mine so i keep hanging up calls with my face so I still use a Nokia N8 with Symbian Belle).

7. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

I wonder who needs who more - Nokia or MS. If WP7 continues to stake out the bottom of the sales charts, Nokia may see its sales continue to drop even with WP7 handsets to offer. There is a reason why WP7 is not selling.

12. hepresearch unregistered

I suspect that Nokia will lose everything in this deal... and Microsoft will go its way with all of Nokia's IP in tow, whether WP sells or not.

16. Mobile-X-Pert

Posts: 565; Member since: Dec 20, 2010

The reason is that all O&Ms were supporting Android only and left WP7 in the cold, but now that's going to change with Nokia.

9. Oliver unregistered

Nokia is almost as good as a third world phone manufacturer Not just because of falling share price, but because they looked at the challenge and chose to become slaves. Hitler brought ruin to Germany, but it took him several years. Elop took only one day to vist so much devastation to Nokia. Nokia loses value everytime he opens his mouth. If WP7 doesn't fly, Nokia has no escape strategy. The release strategy of the Meego based N9 probably indicates countries where Microsoft has excluded other Nokia based rivals to WP7 from participating. What better way to prove that it's a burning platform than setting it alight. Corporate disgrace

10. hepresearch unregistered

couldn't agree more... +1 to Oliver

11. vvelez5

Posts: 623; Member since: Jan 29, 2011


15. MobileTx

Posts: 5; Member since: Sep 17, 2011

Before i like nokia but now or never not worlds failure device and worlds failure os have Nokia .. Crap Symbian

17. Mooooo

Posts: 212; Member since: Aug 27, 2011

I used to own so many Nokia's unbelievable they are in this shape now. They were great phones too. Now they really should just go with Android to save themselves. If not they are going to be bought by Google. No wait this should happen sorry Nokia.

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