Feeds

Symbian angst downgrades Nokia

Ratings agency gives Finnish mobile maker thumbs down on 'outlook'

Next gen security for virtualised datacentres

The new management of Nokia is already ringing the changes - identifying several areas widely criticised by outsiders. But the short-term outlook continues to look uncertain. This week rating agency Moody changed its outlook from "stable" to "negative", citing concern about Symbian^3 devices.

Nokia's smartphones may "turn out to be insufficient to reverse Nokia's loss of market share in mobile phones and converged devices and thus to return group operating margins to above 10 percent, one of Moody's rating criteria," the company said.

Last week Nokia tore up its Symbian roadmap, announced a shift from milestone-based Symbian releases, and said it would issue continuous incremental improvements. The move was broadly welcomed by analysts and developers. Nokia also said it will shakeup its lacklustre Ovi services strategy, bringing work back in-house.

The competitiveness problem highlighted by Moody isn't helped by continuing delays to its Linux platform, Nokia's long-term successor to Symbian at the high-margin high-end. Last year, NokiaWorld attendees believed that consumer devices would now be reaching the market. But this has been held-up by a decision to merge with Intel's Linux OS. For Intel, putting Linux into cars and set-top boxes is a side project - for Nokia, it's now life or death.

Moody's debt rating hasn't changed; unlike Apple or IBM during their dark days, Nokia still makes a tidy profit, and has enough cash reserves for one more Navteq-sized acquisition gamble. But it is up against what is now the world's second-largest company, Apple, which has $50bn of cash in the bank - enough to buy Sony... or Nokia. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?