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Authored by: Gringo_ on Tuesday, April 24 2012 @ 04:32 PM EDT |
Microsoft/Nokia's big launch at AT&T, carefully staged so
no one would
notice that people were not lined up in
droves to buy the new Windows
phones. Then - silence. Now
this news "Nokia downgraded to 'junk'". Whether
Nokia
survives or not, this moment looks very, very bad for
Microsoft.
Nokia downgraded to 'junk' - why? Because their phones are
junk! [ Reply to This | Parent | # ]
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Authored by: jvillain on Tuesday, April 24 2012 @ 05:59 PM EDT |
The reason why the down grade is such big news is that a lot of big
institutional investors can not hold stocks that are junk status meaning they
will have to sell their positions if they haven't and there will be few big
players that can buy them. That will drive the price down further. It is looking
more and more like MS will have to cough up more cash if they want to stay in
the game.
This seems like a good time to quote Eric Schmidt from todays
testimony.
"At the time we were quite concerned with Microsoft's
products, it's hard to relate to that now." [ Reply to This | Parent | # ]
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