Nokia’s stock got a big boost recently as investors identified positive trends despite three consecutive billion-dollar quarterly losses. According to Bernstein Research analyst Pierre Ferragu, however, Nokia’s second big Windows Phone push is destined to fail. “Nokia’s stock almost doubled since 2Q results, with in our view no visible improvement in fundamentals,” the analyst wrote in a research note on Wednesday. “We believe the time is therefore right to initiate a short position in Nokia, with Nokia World next week and a risk of a warning in September.” What’s the big problem? According to Ferragu, people just don’t want Windows Phones. Read the full story at Boy Genius Report.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.