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Nokia credit rating downgraded again amid cash concerns

  1. #1


    Posts : 5,360
    7/8/ubuntu/Linux Deepin

    Nokia credit rating downgraded again amid cash concerns


    Let's hope Nokia manages to survive stand a lone. They might need to expand their non MS offerings to do that. Not going well for them atm. Not likely to get any better when FF phones, the Samsung thing and the new iphones start getting around.

    Other possibilities are for MS to buy them out - or to pay Nokia even more to carry the WP thing.

    Nokia’s credit rating has been on a downward trajectory since it embraced Windows Phone in early 2011.

    Nokia credit rating downgraded again amid cash concerns

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  2. #2


    Not to worry M$ will bail them out.
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  3. #3


    Germany/Florida
    Posts : 4,514
    Vista and Win7


    That is too bad. Only a couple of years ago, Nokia was the leading smartphone company. I still have a couple of charts of their market share in 2010 and their OS Symbian. Betting on Windows was not a good deal for them.

    Click image for larger version


    Click image for larger version
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  4. #4


    Maybe M$ might not bail them out.
    Nokia's 'cancelled' Windows RT tablet outed on the Web

    Nokia's 'cancelled' Windows RT tablet outed on the Web | Mobile - CNET News
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  5. #5


    Posts : 5,360
    7/8/ubuntu/Linux Deepin
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  6. #6


    Posts : 239
    Win7 & 8 64bit / Linux Mint 14


    Unless or until Nokia comes up with a killer phone then I cannot really see them surviving. Same goes with Blackberry and I own one of those.

    The market changes very quickly and companies cannot afford to sit on their laurels although plenty have tried and will no doubt continue to do so.
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  7. #7


    Hafnarfjörður IS
    Posts : 4,376
    Linux Centos 7, W8.1, W7, W2K3 Server W10


    Quote Originally Posted by whs View Post
    That is too bad. Only a couple of years ago, Nokia was the leading smartphone company. I still have a couple of charts of their market share in 2010 and their OS Symbian. Betting on Windows was not a good deal for them.

    Click image for larger version


    Click image for larger version


    Hi there
    whatever else you do I don't suggest that you even THINK of analysing the Markets.

    Nokia is actually (even on a Market down day) not far off its 52 week high -- and the latest phones aren't actually horrible either.

    Sony (another old time Dinosaur) also seems to have a decent popular phone too.

    The US market - important though it is isn't by any means the WHOLE market -- and often stuff that isn't popular there often has quite a decent market OUTSIDE the US.

    As far as the RT tablet (whether Nokia or otherwise is concerned) - it's never going to be ready for prime time -- it's neither a decent tablet or a useable device that could function as some type of PC replacement - so R.I.P to that one -- nobody will miss it.

    Cheers
    jimbo
    Attached Thumbnails Attached Thumbnails nokia.png  
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  8. #8


    Posts : 5,360
    7/8/ubuntu/Linux Deepin


    No idea what you are trying to draw from that. 4 bucks is better than it was at it lowest ebb, but it is nowhere near 11 bucks not all that long ago.

    It isn't going to be easy for Nokia.
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  9. #9


    Hafnarfjörður IS
    Posts : 4,376
    Linux Centos 7, W8.1, W7, W2K3 Server W10


    Hi there
    When was it actually 11 USD -- the stats I am displaying are the 52 week low and high -- in investment a year is usually long enough --if you buy and hold long term you will deplete your capital very quickly unless you are INCREDIBLY LUCKY (and most of us aren't).

    Buy and Hold is usually a VERY POOR strategy -- you are much better off opening and closing positions sensibly gaining a DECENT percentage instead of trying to be too greedy and accurately pinpointing the top and bottom prices.

    Actually the best way is to use what's known as an "Iron Condor" as this while not making you as much money it's pretty safe and it minimizes the amount of "Margin" you need in your account (Margin = money available for trading).

    For instance if I were to trade an Iron condor on MSFT options with Wings of ONE USD and a spread of 10 USD each way from the current price I could get 50 option contracts for a Margin of only 5,000 USD - often giving a WEEKLY percentage gain of around 0.5 - 1 % (26 - 52 % a year -- no Bank will give you that). To trade the same volume of MSFT without using the "Iron Condor" strategy it would require you to have approx. 165,000 USD as Margin in your account -- quite a difference !!!!.

    Anyway this is a W8 Forum not a Market strategy Forum --however for those who have a little bit of Maths here's some details on how the "Iron Condor" works. (I trade this on the SPY -- this is the S&P 500 ETF Index).

    The SPY ETF is not particularly volatile -- a spread of 10 is HUGE as this would mean the actual S&P 500 moving 1,000 points in the interval chosen for your option -- even in the recent more volatile markets the most this has moved in a MONTH (and you can trade these daily / hourly or at will) is 4 so the chances of losing are very small and you can exit the trade long before you lose.(Also your Max loss in the example given is only the 5,000 Margin required for the trade).

    Mathematicians can easily check this by calculating the ATR (Average True Range) of the SPY -- just download the historical open / close of the SPY for a few months --YAHOO has it for free -- and calculate the ATR (moving averages of the Open / close ranges in 14 day periods).

    Iron Condors Explained | Online Option Trading Guide

    Average True Range (ATR) Definition | Investopedia

    Cheers
    jimbo
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  10. #10


    Posts : 5,360
    7/8/ubuntu/Linux Deepin


    It is in the first link.
    Nokia’s share price, which is now under $4, down from a peak of $11.73, on the day before Elop's Windows Phone announcement was made.
    Not going great for them since then. Another credit downgrade. They might be able get things going - in which case worth a punt at 4 bucks, perhaps.

    If it doesn't go too well - good chance MS will help them out - so not too much of a risk. Buyout isn't impossible - in which case your 4 bucks may pay off.
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Nokia credit rating downgraded again amid cash concerns
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