Thursday, July 19, 2012

NOK Earnings Today (7/19)

“As we look ahead, we expect the launch of Windows 8 for PCs and tablets plus the launch of Windows Phone 8 to be a catalyst for Lumia,” Nokia CEO Stephen Elop.

Talk about all your eggs in one hopeful basket. There was no sign that they intended to develop an Android product in addition to Windows (maybe they are secretly just in case.) Anyway, it's just a wait and see game now with NOK. If they continue to disappoint over the quarters, their stock will sink and sink until it is trading at a safe discount. If anything, it's probably fairly valued at the present time. 

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