Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 15 July 2013 10:30

Nokia faces testing time

Written by Fuad Abazovic

Investors to review company’s chances

Investors are expected to work out if the end is near for Nokia and its Chief Executive Stephen Elop cunning plan to turn around the company. Investors will be scrutinizing second-quarter results to see whether there's enough cash to stay with a turnaround plan which Elop said would take two years but is now into its third. 

Elop dumped Symbian in a move to adopt Microsoft untested Windows Phone software. The move has not paid off, yet. Analysts expect this week’s results to show a steep fall in handset shipments, led by a drop in sales of regular mobile phones as consumers switch to smartphones and cheaper models from Asian rivals. This could mean that Nokia could be the target of a takeover in fact Microsoft has been named as a potential buyer.

The company's sensible decision to buy Siemens stake in their joint venture Nokia Siemens Networks might also cost the outfit too much. Analysts are going to look at Nokia’s cash flow to see if there could be some other buyers. Nokia earlier this month estimated its net cash position at the end of the second quarter was between $4.8 billion and 4.2 billion. This meant that it burned through between 300 million euros and 800 million in the quarter.

Most see the acquisition of Siemens' NSN stake positively saying the price was cheap and NSN's is making lots of dosh. Weak handset shipments could prompt a sell-off in Nokia shares, which have risen over 20 per cent in the past quarter on hopes of a buyout and enthusiasm over new handsets.

Last modified on Monday, 15 July 2013 10:52

Fuad Abazovic

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