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Technology Stocks : Nokia (NOK)
NOK 6.150-1.7%Dec 4 3:59 PM EST
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From: Lahcim Leinad7/18/2012 7:43:56 PM
  Read Replies (2) of 34857
 
Nokia investors brace for weak second-quarter phone sales | Reuters
Fears have been elevated to a level that may be greatly detached from reality," said Nordea analyst Sami Sarkamies.
I don't think so. Could be dead wrong, but I really do not think so! But then again, I have no horse in this race. This dude obviously does, so he would put lipstick on the pig.
"The most interesting will be to see what the company says about the second half."
Duh. But, can we trust Elop? Nope. So that's a wash. Anyone who buys his blabla is dumber than I am.
Nokia is expected to report a net loss roughly doubling to 706 million euros and burn through more than 1 billion euros of cash in just three months, according to a Reuters poll of 38 analysts.

Over the past five quarters, the one-time darling of mobile telecoms has eroded its cash pile by 2.1 billion euros - a rate that could wipe out its entire 4.9 billion euros reserves in a couple of years.
Not a peep about the dividend, I see. Gonna come as a shock to you when Elop kills it, dude!
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