Nokia cancels 2011 – short term outlook not good apparently

Bit of a dramatic statement that. 2011 cancelled by Nokia.  What they have done is decided not to publish any more forecasts for this year because apparently their sales  numbers are so bad.

The cavalry is on the way and if they strain their ears they can hear the sound of the bugle blowing the charge. However they haven’t arrived yet.

There is a long way to go and in order to succeed Microsoft will have to throw huge amounts of cash at the problem with no guarantees of a win.  It is interesting to watch this play out and I’m glad its not my money.

As I write Nokia stock is down 14.76% on the day. More here on ZDnet.

Published by Trefor Davies

Liver of life, father of four, CTO of trefor.net, writer, poet, philosopherontap.com

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