Yesterday was a big day for Nokia Corporation (NYSE:NOK). The company was set to launch two new phones, the first to take advantage of Microsoft Corporation (NASDAQ:MSFT) Windows Phone 8 software, and another turn in what has been a twisted year for the Finnish handset manufacturer. The firm’s shares opened at $2.86 in New York yesterday morning. After the dust of the launch had settled, the company’s shares had fallen to $2.38. The question that had many puzzled after the shares slumped was, what exactly the company did wrong? We’ve already covered one of their major mistakes. The company…
Reality Slaps Microsoft And Nokia In The Face After Lumia Launch
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.