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Nokia's debt gets closer to junk status

March 02nd, 2012 - 03:43 pm ET by Hardon | Report spam
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<http://www.theinquirer.net/inquirer...status>

<quote>
Lumia phones are already there

FINNISH PHONE MAKER Nokia has had its debt rating cut to one step
above junk status by Standard and Poor's.

Nokia's long-term debt rating was cut to BBB- by Standard and Poor's
and the credit rating agency put the firm on negative outlook. By
putting Nokia on negative outlook, the agency is warning that it might
suffer another downgrade within two years, which would result in the
firm's debt being consigned to junk status.
</quote>

Ouch, where has the $2 billion Microsoft bribe gone. Are WP7 sales not
doing too well?
Gods are children's blankets that get carried over into adulthood.
-James Randi
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#1 Homer
March 03rd, 2012 - 08:33 am ET | Report spam
Verily I say unto thee that Hardon spake thusly:

Ouch, where has the $2 billion Microsoft bribe gone.



Subsidising losses on unwanted Tiles®, probably.

What I find curious is that Mokia's dumb-phone business is actually
very healthy, but that's been undermined by its futile and damaging
pursuit of Microsoft's Tiles®.

That's the real irony. Mokia would actually have been better-off if
it hadn't pursued smartphones at /all/, instead of choosing Tiles®.

Microsoft is a cancer.

K. | "You see? You cannot kill me. There is no flesh
http://slated.org | and blood within this cloak to kill. There is
Fedora 8 (Werewolf) on šky | only an idea. And ideas are bulletproof."
kernel 2.6.31.5, up 25 days | ~ V for Vendetta.

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