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

Three nasty credit downgrades in a row.
Got_junk

Nokia Hit With More Debt Rating Downgrades From Moody’s

The ratings firm said it was particularly concerned by the steep drop in the Finnish company’s low-end phone business, which accounts for the bulk of its profits.
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Analyst Cuts Apple Rating on Prospect of iPhone Subsidy Revolt

An Apple downgrade? What’s that?
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Dow Slides 5.5 Percent, Ending Below 11,000

U.S. stocks tumbled in a Monday rout that sent the Dow Jones Industrial Average down 5.5 percent, plunging below 11000 for the first time since November, as investors fled from risky assets in the first trading session since Standard & Poor’s downgraded the federal government’s credit rating late Friday.

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Moody’s Downgrades Nokia

Moody’s Investor Service Inc. Wednesday downgraded Nokia Corp.’s debt rating two notches, heaping more pressure on the troubled mobile-phone maker as it struggles to realign its business strategy and regain traction in the lucrative smartphone business.

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Fitch Lowers Nokia Credit Rating

Fitch Ratings downgraded Nokia Corp.’s credit ratings by two notches, to one step away from junk territory, saying that the cellphone maker’s market share quickly deteriorated and will take time to recover.

Why Verizon’s iPhone Won’t Be So Bad for RIM

A year ago, an iPhone on Verizon would have been a disaster for Research In Motion. This year, it will only sting, which says a lot about how RIM’s business has improved.

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Chips: The Street’s Worries Intensify; Downgrades Piling Up

The Street’s fretting over weakening demand in the chip sector is intensifying. In short, signs of weak PC demand, combined with fears of a slowing recovery in IT spending, indications of inventory expansion in the supply chain and general worries over the lackluster economic recovery have spurred multiple analysts to rethink their positions.

Getting a New Windows Computer With XP

Walt Mossberg answers readers’ questions about how to get a new Windows computer with the XP operating system, small portable radios, and the functions of MailBug.

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For the Memory Chip Sector, a Day to Forget

For the memory sector, it is a day to forget. Last night, SanDisk (SNDK) reported extremely nasty June quarter earnings–the Street has responded with a host of downgrades. Meanwhile, this morning, Citigroup chip analyst Glen Yeung cut his ratings on Micron (MU), Qimonda (QI) and Spansion (SPSN) to Hold from Buy.