Nokia Corporation (ADR) (NOK) News: Negative Credits, Secret to Reveal, Microsoft Corporation (MSFT) & More

Editor’s Note: Related tickers: Nokia Corporation (ADR) (NYSE:NOK), Google Inc (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Research In Motion Ltd (NASDAQ:BBRY)

Nokia Corporation (ADR) (NOK)Nokia Corporation (ADR) (NYSE:NOK) Stock Falls Below the Mark (CrazyJoys)
It has been said, by Moody’s Investors Services, that Nokia Corporation (ADR) (NYSE:NOK)’s second quarter earnings are credited to be negative therefore citing a continued drop in sales and income. Nokia is already on review for downgrade by the ratings agency which states that any downgrade will be limited to one notch. The agency said that it is more concerned in particular about the 227 million euro loss for Nokia Corporation (ADR) (NYSE:NOK) claiming the company is “burning through cash”. Once the world’s largest maker of mobile phones, the company is now struggling to stay in the competition.

Nokia’s turnaround hit by weak phone sales (ArabianBusiness)
A disappointing set of quarterly sales figures for Nokia Corporation (ADR) (NYSE:NOK)’s smartphones and basic models raised the pressure on its chief executive and took a bite out of the company’s share price. Investors are hoping that its Lumia smartphone range, which CEO Stephen Elop decided to base on Microsoft Corporation (NASDAQ:MSFT)‘s untested Windows Phone software in 2011, will help the company revive its ailing fortunes and close the yawning lead of frontrunners Samsung and Apple Inc. (NASDAQ:AAPL), but progress has been slower than analysts expected.

Nokia says something “BIG” is happening tomorrow. (MobileBurn)
Nokia Corporation (ADR) (NYSE:NOK) just had a major product announcement only a few days ago, but the Finnish phone maker is already teasing that something else will quickly follow it. The official Nokia blog just announced “Something BIG landing here tomorrow” but declined to say what. The company would only promise to reveal its secret beginning at 9 a.m. GMT, which is 4 a.m. ET / 1 a.m. PDT. So what does Nokia Corporation (ADR) (NYSE:NOK) have up its sleeves? It seems too early to have another major product announcement on the heels of the Lumia 1020 unveiling, so I doubt that it’s going to be anything spectacular in terms of hardware.

Does Nokia Have a Safety Net? (WallStCheatSheet)
The smartphone market is a tough one — as Research In Motion Ltd (NASDAQ:BBRY) well knows — and Nokia Corporation (ADR) (NYSE:NOK) is struggling for a position. The Finnish phone maker is trying to compete with Apple Inc. (NASDAQ:AAPL)’s iPhone and iOS and Google Inc (NASDAQ:GOOG)‘s Android, which dominate the market between each other. The company has been struggling, as it had an operating loss of 115 million euros, or about $151 million, in the second quarter of this year. The Guardian reported that at the same time, Nokia Corporation (ADR) (NYSE:NOK) saw its revenue fall to $7.49 billion, which is a 24 percent drop.

Nokia Glance coming to all Lumia phones (Pocket-Lint)
Nokia Corporation (ADR) (NYSE:NOK) has confirmed that it will be bringing its Glance feature, featured on the latest Nokia Lumia handsets (except the Lumia 520) to the entire Windows Phone 8 Lumia range. The Glance mode gives users a clock screensaver on their screen that saves you having to turn on the phone simply to check the time. Nokia Corporation (ADR) (NYSE:NOK) has previously told Pocket-lint that internal research shows that turning on and off the phone, merely to check the time is one of the biggest battery drainers on a day-to day-basis.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!