Nokia’s Four Back-To-Back Announcement Brings Stock Down By More Than 10%

Posted on Jun 14 2012 - 9:49am by Editorial Staff

The Finnish land seen some major big “changed-cum-dazzling” news from country’s mobile giant Nokia. The Finnish company today announced not one but four separate items of news — 10,000 jobs cut plan, selling of Vertu to EQT, acquisition of assets of imaging company Scalado and debuting Nokia Reaction Bluetooth Headset.

The news has sent the waves all across, turning the company’s stock down by more than 10 percent with probably the main reasons concern is of changing and bringing the revised forecasts for the next quarter with the change in management as well as a massive layoff plan.

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