Sixteen years... Sixteen years, better pick a new stock. While the good stockholder grieves today. Desperate men watch the king and the queen of swords. Fortune has called. The two companies are clutching to their long golden locks as their popularity drops behind the shadows of the market place. The palace of mirrors once reflected endless road of prosperity, but now there appears endless ruins.
Nokia shares are down nearly 17% today, as the company said it would significantly miss their own expectations. Research in Motion the blackberry maker recently dropped over 10% when they also cut their guidance. The difference was RIMM only guided down for a slight miss. Nokia continues to trade a premium to RIMM despite less profitability.
Nokia announced a move to Microsoft software in February. This move may have caused the company to badly miss expectations. Customers are less likely to buy the models of phones when they are expected to change.
The changing of the guards is taking place in the mobile area.
To read the full RIMM report click here
Nokia shares are down nearly 17% today, as the company said it would significantly miss their own expectations. Research in Motion the blackberry maker recently dropped over 10% when they also cut their guidance. The difference was RIMM only guided down for a slight miss. Nokia continues to trade a premium to RIMM despite less profitability.
Nokia announced a move to Microsoft software in February. This move may have caused the company to badly miss expectations. Customers are less likely to buy the models of phones when they are expected to change.
The changing of the guards is taking place in the mobile area.
To read the full RIMM report click here
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