Investopedia: Nokia Knocked Down Again

Turnarounds are hard, particular when there are vibrant competitors doing most things right. In the case of Nokia (NYSE:NOK), though, investors have to not only digest the relative superiority of competitors like Apple (Nasdaq:AAPL) and Samsung, but what also looks to be a lot of self-inflicted wounds. With yet another downward guide and some troubling operational errors, it is harder and harder to support the idea of Nokia as a deep-value turnaround.

Ugly Guidance 
Nokia warned the Street on Wednesday that its financial results for the first and second quarters were going to be dismal. Whereas the Street was looking for Device and Services revenue of about 4.88 billion euros in the first quarter, the company announced that the number would be around 4.2 billion euros.

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