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Technology Stocks : Apple Inc.

AAPL 276.68

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From: Moonray	1/24/2013 8:37:28 AM
	1 Recommendation Read Replies (1) of 213176

Nokia axes dividend to save cash for Lumia push HELSINKI (Reuters) - Finnish mobile phone maker Nokia plans to axe its annual dividend payment for the first time in over 20 years to shore up its cash position against falling sales. The company, which has fallen a long way behind market leaders Samsung and Apple in the smartphone race, said on Thursday that the suspension of the dividend, which cost 750 million euros ($996 million) last year, would give it "strategic flexibility". Nokia Chief Executive Stephen Elop, who was hired from Microsoft in 2010 and promptly tied the company's fortunes to the untried Windows Phone operating system made by his former employer, said the company was "still moving through a very challenging transition", but had "removed the cloud of liquidity concerns". More at: finance.yahoo.com o~~~ O

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