Nokia Makes the Right Cuts

Nokia (NYSE: NOK  ) announced a series of layoffs today and the market reaction was a bit mixed. In the video below, Motley Fool tech and telecom analyst Eric Bleeker tells us why he sees this as a very positive move for the long term. He tells us to try not to focus so much on the short-term market fluctuations, and instead keep an eye to how Nokia is repositioning itself from a top brand in inexpensive commodity phones to its goal of cementing itself as a solid third-place competitor in the smartphone market. To do that, reducing its costs by making employment cutbacks is a necessary (though unfortunate) move.

Nokia's been struggling in a world of Apple and Android smartphone dominance. However, the company has banked its future on its next generation of Windows smartphones. Motley Fool analyst Charly Travers has created a new premium report that digs into both the opportunities and risks facing Nokia to help investors decide if the company is a buy or sell. To get started, simply click here now.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2202165, ~/Articles/ArticleHandler.aspx, 10/24/2014 9:46:09 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement