Standard & Poor’s downgrades Nokia’s credit rating

By on March 30, 2011 at 9:56 PM.

Standard & Poor’s downgrades Nokia’s credit rating

For the first time in thirteen years, Nokia’s credit rating has been downgraded by Standard & Poor’s Rating Service. The Finnish phone maker, which has held an A rating since 1998, has been under the financial microscope in recent years due to the rise of its competitors and, more recently, for its software deal with Redmond-based Microsoft. “The downgrade reflects the revision of our business risk profile assessment on Nokia to ‘satisfactory’ from ‘strong,'” writes S&P in its report. “We expect that Nokia’s smartphone portfolio will make further significant market share losses during 2011 and 2012 until it has completed its adoption of Microsoft’s Windows Phone software as its new primary software platform for smartphones.” The company’s new credit rating is A-. Nokia’s smartphone market share fell 9-points last year, from 40% in Q4 of 2009 to 31% in Q4 of 2011. The company’s stock was trading down slightly on the news. More →

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Motorola ‘wireless tablet with embedded WLAN’ hits FCC; Wi-Fi only XOOM?

By on February 9, 2011 at 6:50 PM.

Motorola ‘wireless tablet with embedded WLAN’ hits FCC; Wi-Fi only XOOM?

Not really digging the $800 price-tag set to be placed on the 3G Motorola XOOM tablet? Help may be on the way. A recent filing shows that the FCC is testing a “wireless tablet with embedded WLAN” manufactured by Motorola. Now, there’s no way to know exactly what this is… but our money is on a Wi-Fi only XOOM. The tablet in question, being referred to as the IHDP56LU1 in documentation, is only having its Bluetooth and Wi-Fi a/b/g/n chipsets tested — there was no mention of a cellular radio anywhere. Hopefully, with wireless carriers out of the picture, Moto can get a little more agressive with the pricing. More →

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