Nokia recently announced that phone sales were down and so is profit. With no good news looming, Nokia’s stocks went down 24%.
Analysts have criticized the announcement recently by newly installed CEO Steven Elop. Nokia will use Microsoft’s Windows Phone 7 as its new platform and will make Symbian phones obsolete. Elop, a former Microsoft executive denied reports today about a Microsoft acquisition.
Watch the interview here.
So who’ll be the lucky winner….Baidu or Sina?
Analyst are saying not to count Alibaba out as Mark Zuckerberg visit to China last December included Baidu, Sina and Alibaba Group.
I guess everybody is watching this to unfold and I’m getting excited for Facebook. I think this is their defining moment if they’ll succeed to difficult markets. Time will only tell.
I saw this article while looking for a new phone with WinPhone 7 OS. I saw it fascinating that somebody would write an article on the 2-year plan. Here’s an excerpt from the article:
Is anyone out there digging out the lawn chairs and tents in hopes of being the first in line to pick up one of the new Microsoft Windows Phone 7 smartphones next month?
Yeah, I’m not either.
At a press event in New York City yesterday, Microsoft unveiled the first of its much-expected, long-overdue portfolio of smartphones that will run on the company’s new mobile phone operating system.
But whether those devices can make a dent against the competition – notably Google’s Android devices and Apple’s iPhone – is still the big question. Until I’m comfortable knowing that Microsoft has a real contender with Win Phone 7, I’m not sure that I’m willing to go out on a limb with an investment of a two-year service commitment.
Read more here.
With the hiring of a new CFO who had experience with IPOs, Facebook is setting the stage. Read the whole article here.