Yesterday’s nasty Q3 financial report from Nokia (NOK) continues to have ripple effects, and the stock remains under pressure. To review: The company yesterday reported unexpected weakness in both the smart phone market and its Nokia Siemens equipment joint venture. Nokia is losing market share in both areas; what seemed surprise people is the magnitude of the troubles in both areas. Let’s run through some of the fallout: Nokia has made some management changes . CFO Rick Simonso

The global economic depression has left its mark on Nokia, who recently reported a loss of 559 million EUR or $832 million for Q3 2009. This is the first net financial loss since the company began reporting quarterly in 1996, according to Bloomberg. Nokia claims that the loss can blamed on costs associated with its joint initiative with Siemens, plus the economic depression. Handset demand has also decreased this year, claim the Finns, with 7% apparently. We also learn that the handset m

AFP - The world’s biggest mobile phone maker Nokia reported Thursday its first loss in a decade amid rising competition in the smartphone market and problems with its Nokia Siemens Networks joint venture. Related Posts Nokia posts first quarterly loss this decade (AFP) AFP - Finnish mobile phone giant Nokia reported a third quarter net loss Thursday of 559 million eur... Nokia posts first quarterly loss this decade (AFP) AFP - The world's biggest mobile phone maker Nok

Some joint ventures have a defensive aspect -- for example, when a couple of companies combine subsidiaries to try and stay a step ahead of consolidation in a sector. That was the case in April 2007 when Nokia Oyj (NYSE:NOK) and Siemens AG (NYSE:SI) folded their telecom infrastructure businesses into Nokia Siemens Networks. But such a JV also needs to play good offense, and on that count, Nokia Siemens hasn't done so well. Thursday's news that Nokia will take a goodwill write-down of €908 mi

By Dividend.com StaffOctober 15th, 2009 The world’s #1 mobile phone maker, Nokia Corporation (NOK), said Thursday that it swung to a massive loss in the third quarter, hurt mainly by a big write-down on its Nokia Siemens Networks joint venture.The Helsinki, Finland-based company reported a third quarter net loss of 559 million euro, or $836 million, compared with a profit of 1.09 billion in the year-ago period.Sales fell 20% from last year to 9.81 b