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.
Qualcomm's Snapdragon 710 Brings AI Smarts to Camera and Multimedia Apps In a Powerful SoC
May 23, 2018
Qualcomm today announced the Snapdragon 710, the first system-on-a-chip in its 700 series mobile platform. The 710 finds space between the Snapdragon 600 series and Snapdragon 800 series for devices that need to balance performance and cost.
Google Launches Multi-Purpose File-Wrangling App
Dec 5, 2017
Google today released the final version of Files Go, its new file-management app for Android. The app serves multiple purposes: it includes a file browser, local file transfer tool, and a tool to help free up storage on your phone.
Broadcom Lowers Offer for Qualcomm, Qualcomm Says No Way
Feb 22, 2018
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said, "Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders." Broadcom would have preferred to see Qualcomm act together with Broadcom to broker the right deal for NXP while still allowing Broadcom to move forward with its own offer to buy Qualcomm.
Broadcom Proposes to Oust Qualcomm's Board
Dec 4, 2017
Broadcom today suggested Qualcomm's shareholders elect an entirely new board of directors during the latter's planned annual shareholder meeting on March 6, 2018. Broadcom took the opportunity to nominate 11 people to replace Qualcomm's board.
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!