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Thursday, 7 April 2011 - Moody's cuts Nokia on weak market position |
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    Read more with google mobile : Moody's cuts Nokia on weak market position |

    Edition: U.S. Article Comments (1) Follow Reuters Facebook Twitter RSS YouTube Read Scientists find superbugs in Delhi drinking water 4:43am EDT Wisconsin high court challenger declares victory 8:47am EDT U.N. troops surround Gbagbo's "last defenders" | 11:37am EDT Scientists find superbugs in Delhi drinking water 2:29am EDT Strong earthquake shakes Japan's ruined northeast coast 11:28am EDT Discussed 114 U.S. to reach debt limit by May 16: Geithner 78 Stumbling blocks remain in budget fight 72 US Republican budget plan would cut $5.8 trln in 10 yrs Watched Robotic bird takes flight into the future Mon, Apr 4 2011 Ouattara forces storm Gbagbo bunker Wed, Apr 6 2011 High price for a government shutdown Wed, Apr 6 2011 small business Is social media the elephant in the room? GoDaddy founder Bob Parsons caused a stir when he posted a video of him killing an elephant on Twitter. It's the latest example of the inherent dangers of social media and small businesses should take heed to avoid pulling a "Parsons."  Full Article  Managing elephant-sized social media blunders The do's and don'ts of securing a domain name 5 signs you need a marketing makeover Moody's cuts Nokia on weak market position Tweet Share this HELSINKI (Reuters) - Moody's cut its credit rating on Nokia, citing the Finnish mobile phone company's weakening market position and uncertainty over its transition to Microsoft's Windows Phone software. Moody's said on Thursday that it was lowering... Email Print Related News GLOBAL MARKETS-Euro at high as rate hike eyed, stocks climb Wed, Apr 6 2011 European shares hit 4-week closing high Tue, Apr 5 2011 Moody's cuts Portugal, says bailout needed urgently Tue, Apr 5 2011 GLOBAL MARKETS-Portugal yields hit highs; metals fall on China Tue, Apr 5 2011 UPDATE 3-Portugal downgraded, banks reported to shun bonds Tue, Apr 5 2011 Analysis & Opinion Tech wrap: YouTube changing the channel? Welcome to MuniLand Related Topics Technology » Stocks     HELSINKI | Thu Apr 7, 2011 4:49am EDT HELSINKI (Reuters) - Moody's cut its credit rating on Nokia, citing the Finnish mobile phone company's weakening market position and uncertainty over its transition to Microsoft's Windows Phone software. Moody's said on Thursday that it was lowering its rating on Nokia's senior debt to A3 from a previous A2. The agency also cut the company's short-term debt ratings to Prime-2 from Prime-1, and said the outlook on the ratings was negative. "The rating downgrade primarily reflects Nokia's weakened market position in its core business, mobile devices, which has reduced the company's margins and funds from operations," Wolfgang Draak, Moody's senior vice president and lead analyst for Nokia, said in a note. Nokia in February dumped its own software platform in favor of Microsoft Corp's, and analysts have said it may lose considerable market share during the transition. Standard & Poor's also cut its rating on Nokia late last month. (Editing by Jon Loades-Carter) Technology Tweet this Share this Link 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 (1) ulludapattha wrote: Only Nokia’s CEO Stephen Elop is upbeat on Nokia’s Windows 7 phone’s future prospects. Today Gartner says Nokia, once the world leader in mobile phones, would be relegated to B- Series in this smartphone competition just managing to finish third after Google’s Android and Apple’s iPhone platforms by year 2016. Now leading rating agencies Moody’s and S&P downgrade Nokia. Are these rating agencies totally wrong? Or is Nokia still living in its own dreamworld of former glory? Apr 07, 2011 7:37am EDT  --  Report as abuse See All Comments » Add Your Comment 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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