Nokia plunged 18 percent yesterday after forecasting a
wider
second-quarter operating loss from handsets and saying it will cut as
many as 10,000 jobs as it cedes market share to Apple Inc. (AAPL)'s
iPhone and Samsung Electronics Co. devices. After wiping out about
$100 billion in market value, Espoo, Finland- based Nokia trades at a
38 percent discount to its net assets, the least expensive on record,
according to data compiled by Bloomberg dating back to 1995.
Nokia Takeover Seen as Collapsing Shares Signal Bottom
<http://www.bloomberg.com/photo/nokia-takeover-seen-as-collapsing-shares-signal-bottom-/194878.html>
Once Europe's most valuable company, *Nokia is losing money as it
tries to rebuild the smartphone business around Microsoft**Corp.'s
Windows Phone software* [...]
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