A revenue and earnings outlook cut from Texas Instruments last evening is seen to be a negative sign for Nokia (OMX: NOK1V, NYSE: NOK) despite its importance as a barometer for Finnish mobile phone maker’s earnings has lessened in recent times. Lumia 800 discounts in India are being taken as a worrying signal. Since Nokia is trying to build the brand awareness, such signals are very weak for now.
Forbes interviewed Silicon Graphics and Netscape founder Jim Clark on his very successful investments in the last couple years. He has been piling into Apple and shorting Nokia among others claiming that NeXT- acquisition gave Apple a lasting competitive advantage in programming for the iPhone operating system iOs.
Mr. Clark also went on to say that Windows’ foray into mobile phones is “brain-dead.” One must bear in mind the source when considering the veracity of this claim. Nokia is languishing on par with yesterday’s close as the wider market initially reacted positively into Greece’s debt swap acceptance number and Chinese macro data that raised investor hopes for more easing. The stock has completely missed the wider market rally of past three months.
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