Stig Östlund

lördag, februari 12, 2011

Wall Street gave Nokia (NOK_) a big thumb down for its Microsoft (MSFT_) reboot strategy.

"Nokia is first and foremost and always will be a Finnish company," CEO Stephen Elop said Friday, during the Microsoft Windows announcement.

Investors, however, were worried that Nokia is a finished company, sunk by its switch to an unpopular Microsoft mobile software and the painful possibility that it could be two years before the first phone arrives.

Nokia's shares, which fell 8% Thursday, fell another 13% Friday. In fact, in the two days since Nokia opted for Microsoft over the more favored Google Android system, Nokia has lost $8.7 billion in market value.

The crucial mistake for Nokia, even if Microsoft Windows Phone 7 is viable, is that its new strategy only puts it further toward the back of the pack in the operating system race. ---

THE STREET

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