John Paczkowski

Recent Posts by John Paczkowski

S&P to Nokia: Whatcha Gonna Do With All That Junk, All That Junk Inside Your Trunk?

More ugly news for Nokia. Standard & Poor’s on Friday lowered its rating on the company to “junk,” and said it may drop it further unless its performance improves.

“We now expect Nokia to report significantly lower margins and cash flows in 2012 than we had previously expected,” S&P said. “The outlook is negative, reflecting the possibility of a further downgrade if Nokia fails to stabilize revenues and margins and significantly cut its cash losses.”

Evidently Nokia’s ugly first-quarter loss and 30 percent drop in sales didn’t do much to reassure S&P that the company’s turnaround is a sure thing — even with its relatively well-received new smartphone, the Lumia.

“We still expect revenue from Lumia smartphones to grow over time but not sufficiently to offset a rapid decline in revenue from Symbian-based smartphones over the next few quarters,” S&P analysts said.

Another voice to add to what’s fast becoming a Greek chorus of Nokia doomsayers. The company has been slapped with three nasty credit downgrades in a row.

Earlier in the week, Fitch downgraded Nokia’s long-term credit rating to junk status; last week, Moody’s did the same thing, citing concerns about Nokia’s low-end phone business.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus