Investors File Class Action Suit Against Nokia
A New York law firm filed a class action lawsuit against Nokia this week, alleging that the company's executives violated the Securities Exchange Act. The complaint reads, in part: "Defendants told investors that Nokia’s conversion to a Windows platform would halt its deteriorating position in the smartphone market. It did not. This became apparent on April 11, 2012, when Nokia disclosed that its first quarter performance would be worse than expected. It also disclosed a glitch in its newest Windows offering – the Lumia 900. Nokia had to immediately offer customers an automatic $100, making the phone essentially free. As a result of this disclosure, the price of Nokia’s American Depositary Shares (“ADRs”) dropped over 16% in a single day." The lawsuit seeks to recover damages (i.e., financial loses) endured by Nokia stockholders. Nokia is in the middle of transitioning from Symbian to Windows Phone. The Lumia 900 and Lumia 710 are its first Windows Phone devices available to U.S. buyers.
Review: Nokia Lumia 830 for AT&T
The Lumia 830 is a powerful mid-range smartphone for AT&T that performs far above its stature. This well-made, good-looking phone could fool you into thinking it's a flagship.
Microsoft Makes Branding Change Official
Microsoft today indicated its branding transition from Nokia Lumia to Microsoft Lumia is progressing as planned. Microsoft has slowly been rebranding apps, services, and web sites from Nokia to Microsoft.
Sprint to Sell Nokia Lumia 635
Sprint today said fans of Windows Phone will soon have the option to buy the Lumia 635 through several different Sprint brands. Boost Mobile and Virgin Mobile USA will begin selling the Lumia 635 online on Dec.
Microsoft Announces the Lumia 640
Microsoft today announced the Lumia 640, a new Windows Phone. It has colorful and interchangeable rear shells.
LAWYER TROLLING: THEY DON'T HAVE A LEAD PLAINTIFF
The press release on their website includes a solicitation for someone to be the lead plaintiff. Ergo, they haven't already got one.
So their own press release makes it look like they are inventing this BS case, fishing for at least a single plaintiff, probably just hoping to collect their fees for processing this nonsense.
it seems like every freaking idiots can be a lawyer!
Just Fire Nokia's CEO Stephen Elop
"making the phone essentially free"
I'm not sure I get this
stupid losers should just stay out of the stock markets!