Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?

To: BDAZZ who wrote (24924)	1/24/2013 6:56:07 PM
From: Eric L	2 Recommendations Respond to of 32692

Earnings Blowouts (Nokia) ... BDAZZ, << ... sorry about Nokia today. Just two weeks ago they imply that earnings will blowout. >> Nokia most certainly did not imply two weeks ago that earnings would blowout either in the positive but very soberly written stock exchange release or in the conference call Stephen and Timo conducted immediately after it was published. Very little in today's earnings changed from what was explicitly stated back on January 10. What the pulp press or a faction of message board mavens who ignored or pooh pooed the forward guidance delivered back then may have inferred is of course another matter altogether. Retention or suspension of the annual dividend was not mentioned in the January 10 published release or in the follow-on CC (at least so far as I can recall and there isn't a transcript of the call available). Obviously the dividend suspension most assuredly had something (but not everything) to do with today's decline. The issue was lurking but had not been addressed and may not even have been decided by the board. We haven't seen published share numbers but rather obviously Nokia lost share in both total device and smartphone unit sales and share once again this quarter. From a unit and revenue share perspective we may have seen the trough on both counts but that is not assured. Supply constraints for the high end Lumia's may have eased somewhat but they still exist. Inventory is a tad high. Nokia faces another tough quarter. That was made clear 2 weeks ago and reinforced today. Nokia appears to be making progress towards recovery, but they are not yet out of the woods. Their common came a long way in a short period of time but got somewhat ahead of itself. Too far, too fast. The market is still absorbing and digesting the financials. Tomorrow analysts will be drilling down. We may see recovery of some portion of today's 8.2% NYSE share price decline (and/and the 6% Helsinki decline) ... but we may not and NOK1V/NOK could head further south by week's close tomorrow afternoon. Cheers, - Eric -