Friday, January 11, 2013

2 Years Into Nokia Turnaround, Some Good News - NYTimes.com

A hard-earned milestone for Nokia
"In what was seen as a make-or-break quarter, Mr. Elop said Nokia would break even or turn a 2 percent profit rather than report a loss as large as 10 percent, as analysts expected.
Nokia will report its earnings on Jan. 24.
Wall Street reacted to the announcement by sending Nokia’s American depositary receipts up 18.67 percent, or 70 cents, to $4.45.
“While we definitely experienced some tough challenges in the first half of 2012, we are managing through these issues,” Mr. Elop said in a conference call with journalists."
2 Years Into Nokia Turnaround, Some Good News - NYTimes.com
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