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Friday, 10 June 2011 - Nokia seen posting quarterly loss as troubles mount |
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    Read more with google mobile : Nokia seen posting quarterly loss as troubles mount |

    Edition: U.S. Article Comments (0) Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Wall Street slides on data, Nasdaq negative for year | 11:40am EDT Face transplant performed on woman mauled by chimpanzee 10:44am EDT OPEC says oil supply gap looms later this year 9:18am EDT Alabama sets nation's toughest immigration law 09 Jun 2011 Alleged Weiner nude photo released by radio hosts 09 Jun 2011 Discussed 108 Alabama governor signs nation’s toughest immigration law 79 ”The world is getting warmer”: Romney 72 U.S. debt default unimaginable, creditors say Watched Bodypainters apply their skill Mon, Jul 19 2010 Four-year-old takes art world by storm Mon, Jun 6 2011 Outrage over point blank teen killing in Pakistan Thu, Jun 9 2011 small business Talent search favors tech giants Recruiters say the Web 2.0 hiring boom, which counters nationwide unemployment above 9 percent, shows no sign of abating. And startups are having to be very creative to lure potential hires away from Google and other tech giants.  Full Article  Silicon Valley recruiter: "Everyone's desperate" 5 reasons to join a startup after graduating Nokia seen posting quarterly loss as troubles mount Tweet Share this Email Print Related News UPDATE 2-Market Chatter -- Corporate finance press digest 3:16am EDT PRESS DIGEST - Financial Times - June 10 Thu, Jun 9 2011 KKR, TPG withdraw from bidding for Nokia unit: report Thu, Jun 9 2011 Even deep value investors see little in Nokia Thu, Jun 9 2011 Nokia CTO on leave amid report of strategy disarray Thu, Jun 9 2011 Analysis & Opinion Tech wrap: Myspace sale saga nears end Deals wrap: Nokia rumors but no suitors Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Media » 1 / 2 Nokia chief executive Stephen Elop speaks during a Nokia event in London February 11, 2011. Credit: Reuters/Luke MacGregor By Tarmo Virki, European Technology Correspondent TALLINN | Fri Jun 10, 2011 9:43am EDT TALLINN (Reuters) - Nokia was expected to report a loss for this quarter and next as it cuts prices to try to prevent more customers defecting to rivals' smartphones, a Reuters poll found. Analysts also forecast a meager profit in the normally buoyant fourth quarter, as the once-undisputed leader in mobile phones loses the initiative to smartphones like Apple's iPhone and devices based on Google's Android software. At the low end of the phone market, Nokia has been losing share rapidly to cheaper Asian rivals, and it said last week it would miss sales and profit targets, blaming tough competition in China and Europe. Analysts now expect the company to report a second-quarter loss of 0.04 euro per share and a loss of 0.05 euro for the third. They have also lowered their core EPS outlook for 2012 and 2013. "We believe the new guidance ... is a strong indication that our worst-case scenario for the company, of accelerating market share and gross margin decline, is crystallizing," Bernstein analyst Pierre Ferragu said in a research note. "The announcement confirms our view that the Nokia brand is at risk of losing visibility and that the opportunity to create a third ecosystem based on Windows Phone is rapidly vanishing." Nokia has thrown in its lot with Microsoft, with whom it will co-develop its next generation of smartphones. It hopes to gain the kind of attention Apple and Google have attracted from software developers who enrich their devices. Nokia's market value has halved to 17 billion euros ($25 billion) since it unveiled the Microsoft move in February. DIVIDEND RELIC In February, Nokia also unveiled a new bonus-package directly linked to its share price for chief executive Stephen Elop, hired last September from Microsoft to turn the company's fortunes. "To me, that was a gamechanger. He gets paid as I will as a shareholder," said Renny Ponvert, chief executive of top leaders skills research firm Management CV Inc. Nokia has historically paid out high dividends compared with many technology companies who often prefer to invest the money in further growth. On average, analysts expected Nokia to pay out more than its underlying earnings for 2011. "High dividend is a bit of the leftover from old management thinking. I do not think anybody thinks it is a yield play. It is a turnaround play," Ponvert said. The average view of Nokia's dividend for 2011 has dropped to 0.20 euro from the 0.36 euro seen in mid-April, with two analysts now forecasting Nokia would not pay out any dividend this year or next. (Editing by Dan Lalor) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows 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 directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. 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. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook 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.

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