You are not logged in to Prodigits. Please register or login.

Subject: Nokia Burning through cash reserves
Replies: 14 Views: 4334

polo_011 18.05.12 - 03:50pm
Turns out Nokia doesnt have that large of a cash reserve after all, and due to the rate at which they are burning through it ,multiple credit rating agencies have downgraded their credit rating to junk or close to it making it even more costly for them to borrow money, them selling Vertu is not going to help much either as that is only going for 200million euro, they may have to sell their patents or even sell off their feature phone division.A french bank analyst said that... * +

polo_011 18.05.12 - 03:52pm
Nokia may have an issue just repaying its short-term 2014 bond: http://is.gd/SKVz4l * +

mtadao 20.05.12 - 05:56pm
poor nokia but at least they have a financial backer in microsoft for windows phones which are yet to have an impact * +

polo_011 20.05.12 - 06:44pm
Its sad. This pushes further the speculation that MS may want to buy Nokia, with them needing to depend on MS more and more. * +

vicehybr 21.05.12 - 06:02am
Eish nokia that's bad...Trevor Noah could make a better ceo the Elop. * +

fuel18 23.05.12 - 05:14am
If nokia only hug android. * +

gomario 27.05.12 - 04:10pm
Sony is going to have the same fate. Both are companies which have lived past their expiry date. Nokia market capitalization is around 120billion while Sony's has dropped to only 160Billion! * +

gomario 27.05.12 - 04:14pm
Is funny how both companies keep on talking about their 'strategic money reserves' :-) Sony is busy dismissing another 10.000 workers worldwide ! Is sad to see them like this but this is life . . . * +

+ go to page 1-2
+ my page
+ functions
3 search
4 submit a reply
7 last page
+ bookmark
8 Symbian Forum
9 Forum Index

Custom Search