Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 04 March 2013 10:21

Nokia’s woes continue

Written by Nick Farrell



Drops from Euro Stoxx 50 Index

While Nokia has been making a comeback lately, it seems that the Gods are still not behind it.

The outfit has been dropped from the Euro Stoxx 50 Index in a move that could damage its share price. Nokia was ranked 34th in the 15-year old listing which is supposed to include 50 of the top stocks from across the Eurozone. However it looks like Nokia will be replaced by French aerospace firm EADS on March 18 as part of a regular index review.

That’s a set back for the firm, which posted an improved quarter of business when it revealed a $584 million operating profit on $10.7 billion in net sales for the fourth quarter of 2012. During the “solid” quarter it sold 4.4 million Lumia devices and 9.3 million Asha units.

Stocks included in the Euro Stoxx 50 Index are commonly used by mutual funds and other investors. It does mean that some funds could cash in their shares in favour of those that remain on the list. However it could always come back. Nokia was dropped by Euro Stoxx back in September 2011, so it may yet stage another comeback.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments