InfoAnda - Analysis: Nokia job cuts may hasten, not stop, death spiral |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.N. talks on knife edge, Mexico urges agreement | | 10 December 2010
LVMH to name new head of Kenzo this week: source | | 4 January 2011
US doctors tell Liu Xiang he needs surgery | 7 November 2008

Karoubi accepts Ahmadinejad as Iran head | 26 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : Analysis: Nokia job cuts may hasten, not stop, death spiral |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (1) Counterparties: Today's Best Links "How Greece squandered its freedom" A top Greek journalist writes a must-read New York Times editorial on how his country's political system wasted years of prosperity and put the euro at risk. Read more at Counterparties Why newspapers were doomed all along Food workers' terribly low pay Get Counterparties delivered to your inbox! Follow Reuters Facebook Twitter RSS YouTube Read Britain warns Argentina over Falklands "aggression" 14 Jun 2012 "Forest boy" made up story: German police 1:29pm EDT Voyager space probe reaches edge of solar system 12:36pm EDT Greek health system crumbles under weight of crisis 14 Jun 2012 Lindsay Lohan "fine" after paramedics called 5:24pm EDT Discussed 107 Most say Bush to blame for weak U.S. economy, poll finds 106 Analysis: Obama gambles by asking for more time to fix economy 105 China could impound European planes in carbon row Watched U.S. Morning Call: Greek stocks soar; Nokia job cuts Thu, Jun 14 2012 Bodies found after Peru avalanche Thu, Jun 14 2012 New NASA telescope a black hole hunter with X-ray eyes Wed, Jun 13 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more The Afghan front On the frontlines of the war in Afghhanistan. Slideshow Child laborers A look at children who work to contribute to their family's income. Slideshow Analysis: Nokia job cuts may hasten, not stop, death spiral Tweet Share this Email Print Related News Nokia cuts 10,000 more jobs as losses deepen Thu, Jun 14 2012 Aging Microsoft lures young tech idealists Tue, Jun 12 2012 Instant View: RIM enlists JPMorgan, RBC in review, warns of loss Tue, May 29 2012 Samsung Galaxy S3 gets head start on rival iPhone Tue, May 29 2012 Worries mount as Nokia burns through cash Fri, May 18 2012 Analysis & Opinion Nokia retains the power to shock Did Chesapeake miss Enron lessons? Related Topics Tech » Media » Nokia employees arrive for a personnel briefing in Oulu, June 14, 2012. Credit: Reuters/Markku Ruottinen/Lehtikuva By Tarmo Virki HELSINKI | Fri Jun 15, 2012 1:04pm EDT HELSINKI (Reuters) - With the latest round of job cuts announced this week Nokia's chief executive Stephen Elop could be hastening rather than arresting the once dominant Finnish phone maker's decline. The company has cut a third of the workforce in its phone business during the 21 months Elop has been in charge and the latest 10,000 lay-offs will now include its main source of innovation, the research and development team. Analysts also worry that the restructuring costs will further strain the company's cash position and achieve little in turning around what many see as its biggest problem: slow sales of its new Microsoft Windows-based handsets. "Elop is cutting costs and hoping for a miracle, but it looks like Nokia is staying on death row," said John Strand, founder of Danish industry consultancy Strand Consult. Once the world's dominant mobile phone provider, Nokia is now struggling to compete with Apple, Samsung and Google in smartphones while it is also losing share in the markets for cheaper, more basic phones. Under Elop's current strategy, which places all its bets on smartphones running on software developed by Elop's former employer Microsoft the company has only one way out - coming up with a killer product that makes the Nokia brand fashionable again. The current range of Lumia phones won some good reviews, but has had relatively little success among consumers. Analysts and brand specialists say Nokia needs a new, more revolutionary product to turn heads. "People want Nokia to succeed, people love the brand, but they need an excuse to do that and the excuse is that product," said Peter Walshe, a director at Millward Brown whose Brandz study last month saw Nokia falling out of top 100 most valuable global brands. CHEATING DEATH Some analysts, however, said bigger wasn't necessarily better and that the focus on Windows Phones may actually help. Even with massive research and development and a strong set of intellectual property patents, Nokia struggled to produce the right goods and last hit model, the N95, was sold before the iPhone entered the market. However, Elop has been credited with speeding up the product launch process and some analysts still expect him to turn the company around. Optimists point out that Nokia has repeatedly survived near-death experiences through its 147-year history. In the early 1990s Nokia - which was then manufacturing rubber boots and lavatory paper as well as electronics - hit the wall when the collapse of the Soviet Union halted its highly profitable cross-border trade with its eastern neighbor. Then-leader Jorma Ollila decided Nokia should focus on cellphones, and by the 1990s the company overtook Motorola as the world's largest handset maker and became a Wall Street darling. CASH BURNING UP But markets aren't betting on a corporate miracle this time around. Nokia shares have fallen 80 percent since Elop announced the shift to Windows 16 months ago and on Friday credit rating agency Moody's followed its rivals S&P and Fitch in slashing its rating on Nokia debt to "junk", citing worries that lay-offs would hurt its cash position more than expected. "Nokia's far-reaching restructuring plan ... delineates a scale of earnings pressure and cash consumption that is larger than we had previously assumed," Moody's analyst Wolfgang Draack said in a note. Fitch also said on Friday that Nokia had little time left to turn itself around. At the end of the March Nokia had 4.9 billion euros of net cash and already before factoring in charges from the latest round of restructuring some analysts had said the company could run out of cash next year. On Friday the price of insuring Nokia debt in the credit default swaps market put the probability of default at 54 percent. "Cash flow is the problem right now," said Morgan Stanley analyst Ehud Gelblum, while analysts at S&P Equity Research said there is a 30 percent chance of Nokia's share of the phone market spiraling down to nothing. Meanwhile Nokia's shares traded at around 1.90 euros late on Friday, up 4 percent from the previous day when they breached the psychologically-important two-euro level for the first time since 1996. "With tech companies, as long as the company's heading down, there's no such thing as undervalued," Gelblum said. (Additional reporting by Devidutta Tripathy in New Delhi; Editing by Greg Mahlich) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) scythe wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 16 June 2012
Suu Kyi says army has to give up excessive power |
Bolivia sends troops to mine after violence |
Tunisia lifts curfew imposed following riots |
U.N. Security Council condemns eastern Congo mutiny |
Powers want diamonds for peanuts: Iran ex-official |
U.N. Security Council concerned by ICC staff detention in Libya |
Sixteen killed in violent land eviction in Paraguay |
Microsoft users struggle with Windows redesign |
Analysis: Nokia job cuts may hasten, not stop, death spiral |
U.S. official seeks industry support to protect Web |
Moody's cuts Nokia to junk on fears of cash burn |
Allen's To Rome with Love launches LA film fest |
Moesha actress Yvette Wilson dies at age 48 |
Lindsay Lohan fine after paramedics called |
Beatles Yellow Submarine is relaunched |
Exclusive: Seacrest looking at Dick Clark Productions: sources |
Singer Scherzinger named judge on UK's X Factor |
Police probe report of gunshot in NY rapper brawl |
Whatever euro's fate, Europe's reputation savaged |
Stark choice for Egypt in presidential poll |
Car bomb kills at least 13 at market in northwest Pakistan |
Japan approves two reactor restarts, more seen ahead |
Seventeen killed in violent land eviction in Paraguay |
Cuba: Health of jailed American Alan Gross is normal |
Myanmar refugees turned back by Bangladesh: U.N. |
Mexico cancels big tourism project after civic pressure |
Colombia, Costa Rica to sign trade agreement |
Talk of Microsoft tablet resurfaces |
U.S. military unveils mobile devices strategy |
LinkedIn breach puts site's reputation on the line |
Allen's To Rome with Love launches LA film fest |
Kenneth Branagh knighted in Queen's birthday honors |
Louis Vuitton loses lawsuit on Hangover handbag |
CBS buys TV pilot based on Zynga's Draw Something |
Saudi Crown Prince Nayef, heir to throne, dies |
U.N. suspends Syria monitoring as violence rages |
Suu Kyi receives Nobel Peace Prize 21 years late |
Rocket fired into Israel, nobody hurt: army |
Greenland's minerals loom in China-Denmark ties |
Prince Philip back on UK royal duty after illness |
Baghdad bombs target Shi'ite pilgrims, 26 killed |
Violence shuts 300 Bangladesh garment factories |
Pakistan militants ban polio jabs, threaten action |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01