NEW YORK ( TheStreet) -- Here's the operative thought: Nokia's (NOK - Get Report) business is becoming unstitched faster than anyone imagined. The Finnish phone maker, which is getting trounced by Apple (AAPL) and Google (GOOG), announced plans yesterday for 10,000 firings, about a fifth of their employee base, as well as management changes.
Nokia Is Unraveling Faster Than Anyone Imagined
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts