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 & Microsoft Match Examined

NEW YORK (TheStreet) -- Beauty is in the eye of the beholder, but how about smartphone potential? Considering coverage of the the Mobile World Congress, the cellphone industry's signature trade show, held in Barcelona, Spain this week, the answer is a resounding (and somewhat disturbing) yes. Potential is very much in the eye of the beholder. And it can be a forgiving, gullible eye at that.

Take Nokia's (NOK - Get Report) alliance with Microsoft (MSFT - Get Report) to produce smartphones designed to compete with the likes of Apple (AAPL - Get Report). They announced the partnership at last year's show and introduced product at this year's. But the new smartphones have already garnered mixed reviews, at best. It's hard for disparate cultures like Nokia and Microsoft to mesh and Apple is no easy competitor. All in all, it will be quite a hill climb.

Yet, read The New York Times coverage of the Barcelona pow-wow and you'd think the Finnish/Seattle axis had already succeeded. Wrote the Times in a celebratory headline: "One Year Later, Nokia and Microsoft Deliver." The article soon coos: "One year later, Nokia and Microsoft have exceeded their own predictions."

The Wall Street Journal was at the conference too (hard to believe it was the same one), and fortunately emerged with a more realistic appraisal, captured in this headline: "Nokia's New Phones Fail to Connect." They expanded on this theme of failure in the first sentence: "It was no ringing endorsement for Nokia."

Consider the bad reviews for their new phones and the competition, The Wall Street Journal seems to be beholding something closer to the truth.

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
NOK $7.64 -1.50%
MSFT $47.96 0.20%
AAPL $132.75 1.90%
YHOO $44.54 0.06%
FB $82.18 0.80%

Markets

DOW 18,073.60 -6.54 -0.04%
S&P 500 2,118.33 +0.64 0.03%
NASDAQ 5,084.9490 -7.1360 -0.14%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs