1. ejb222's Avatar
    05-03-2012 03:22 PM
  2. theefman's Avatar
    Sounds like a bogus suit, from what I read. Nokia made projections based on assumptions, markets changed, Nokia didnt meet expectations. Happens to all tech companies (ask HTC) and there was no malice or intentional deception with their predictions so whats the basis for this suit (apart from being Symbian fanboys :) )?
    05-03-2012 03:29 PM
  3. thed's Avatar
    I don't understand this at all. These people are basically suing themselves, aren't they? Unless they already dumped their stock, which makes it seem like sour grapes. Next time do a little research before you invest in a company.
    05-03-2012 05:09 PM
  4. mprice86's Avatar
    Seems like they bought stock on the basis that a company the size of Nokia could change their fortunes inside a single business quarter which is like trying to turn a cruise ship on a dime.

    It is odd though, seeing as the quotation that the people filing the suit are using is that "Nokia’s conversion to a Windows platform would halt its deteriorating position in the smartphone market. There's no deadline given for the turn around.

    The whole thing wreaks of people who made a bad call trying to make a quick buck and now they're all butt hurt because they were wrong.
    05-03-2012 07:34 PM