This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nokia Outlook: Another Year in Limbo

NEW YORK, ( TheStreet) -- Once again, Nokia (NOK - Get Report) tells investors to wait until next year for a radical new phone to compete with the likes of Apple's (AAPL - Get Report) iPhone.

The update for a still distant future in smartphones came Wednesday, during Nokia's analyst day presentation in Espoo, Finland. Nokia offered its outlook for 2010, which was broadly in line with expectations calling for 10% mobile phone industry growth and a hopeful promise to reverse what's been a steady erosion of market share.

Nokia however revealed that it is stuck in a painfully awkward position in its smartphone evolution. This news coincides with the debut of Google's (GOOG) Android software, which arrived with a big splash on phones like the Motorola (MOT) Droid .

Acknowledging some shortcomings with its current crop of top-shelf phones, Nokia says it is now re-engineering its aging Symbian operating system to improve the user interface. Translation: Symbian stays on life support leaving the crowd still yearning for something new.

"They were surprisingly aggressive in their defense of Symbian, bluntly rejecting Symbian criticism," says MKM Partners analyst Tero Kuittinen, who monitored the presentation.

Meanwhile, the long-awaited something new, Maemo 5, only now hits the market with the introduction of Nokia's $569 N900 phone. Nokia's Maemo software is designed to bring a laptop-like computer performance to a palm-sized phone.
Nokia N900
Nokia N900

Maemo 5, we hardly knew you. "Sounds like they are not promising anything on Maemo 5 front," says Kuittinen.

The reason for why Nokia didn't talk much about Maemo 5 is what Nokia is now promising for next year, a "radically better" system with the Maemo 6, which is due in the second half of 2010. And if the arrival of N900 was any indication it will likely come later rather than sooner. It also leaves the N900 to be viewed as an inferior first effort.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $126.54 0.89%
NOK $6.84 -0.15%
FB $86.97 1.40%
GOOG $521.88 0.26%
TSLA $269.07 0.30%

Markets

DOW 17,757.91 +138.40 0.79%
S&P 500 2,077.67 +14.56 0.71%
NASDAQ 5,013.1230 +26.2560 0.53%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs