Nokia seeks to raise cash to fight competition, and bolster struggling finances.
It will raise almost a billion dollars by issuing convertible bonds, which can be very lucrative to investors when they are converted into shares years after they are issued. The cash will help it to push back against Apple and Samsung, who are gobbling the smartphone market up to Nokia's detriment.
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Their solution to bad management and huge debt is to get more debt? Someone needs to tell them that this approach only works for governments and other monopolies. Lack of cash is not the reason they are suffering; they are achieving all their non-financial goals...people just don't want the s**t they are shoveling and having another billion dollars to waste on more bad devices isn't going to change that.
Originally posted by KillerBug: Their solution to bad management and huge debt is to get more debt? Someone needs to tell them that this approach only works for governments and other monopolies. Lack of cash is not the reason they are suffering; they are achieving all their non-financial goals...people just don't want the s**t they are shoveling and having another billion dollars to waste on more bad devices isn't going to change that.
Speak for yourself, their flag ship Nokia Lumina 920 windows 8 smart phone is better, than what apple or Samsung is offering at the moment, very innovative and not copying apple, like Samsung loves to do.
