Δευτέρα, Σεπτεμβρίου 29, 2003

Nokia hits on smartphones, cheats on investors and says that Java is unsatisfactory

Nokia cheats on investors, not only because prices of cell phones are falling and margins decreasing, not only because stock price of Nokia is far from satisfactory, but also because Nokia gives false impressions to them:

Part of the problem, is that investors at the moment are not feeling charitable toward Nokia´s management team. Lin of American Technology Research says that going into the latest conference call, the company had given the impression that results could benefit from favorable exchange rates -- but it didn´t turn out that way. The company´s complex hedging strategies muffled a top-line boost the Street had expected from exchange rates. Says Lin: "There was a group that felt sort of cheated on the guidance."

msmobiles.com - Nokia hits on smartphones, cheats on investors and says that Java is unsatisfactory

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