Friday, February 11, 2011

Nokia cuts jobs and the stock market plunges

At the Helsinki Stock Exchange Nokia has scored a resounding thud, has lost 13 percentage points after the 7 already lost yesterday. Financial markets so do not believe in a company's recovery, even after the announcement of the strategic partnership with Microsoft for Windows Phone 7. Meanwhile, the Finnish giant's CEO Stephen Elop has added other details of the operation.

The purpose of Nokia is to recover positions in the American market, with products more competitive. To do so, however, it will also "significant staff reductions in the world, including Finland. Elop then decided to pull the oars to revive the fortunes of the company, which ultimately suffers condcorrenza iPhone but most of Android.

These statements come after the Elop conference held with Steve Ballmer of Microsoft in the event the two companies have put an end to rumors that circulated a few weeks on them. Nokia and Microsoft will work together and the result of this partnership will bring Windows 7 Phone, mobile latest OS from Redmond, Nokia terminals, terminals that Symbian is not enough.

Nononstante the ad is not yet known when the first Nokia smartphone-WP7 will come on the market. Questioned by journalists, then, Elop has admitted that he considered the option Android. Then rejected. Nokia will never make a tablet by following the wave of excitement surrounding Apple iPad? Elop on this subject has been quite elusive and has rifuguiato behind a cryptic "we have several options" to be defined.

Nokia is at a turning point, that's for sure.

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