Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 04 March 2013 10:21

Nokia’s woes continue

Written by Nick Farrell



Drops from Euro Stoxx 50 Index

While Nokia has been making a comeback lately, it seems that the Gods are still not behind it.

The outfit has been dropped from the Euro Stoxx 50 Index in a move that could damage its share price. Nokia was ranked 34th in the 15-year old listing which is supposed to include 50 of the top stocks from across the Eurozone. However it looks like Nokia will be replaced by French aerospace firm EADS on March 18 as part of a regular index review.

That’s a set back for the firm, which posted an improved quarter of business when it revealed a $584 million operating profit on $10.7 billion in net sales for the fourth quarter of 2012. During the “solid” quarter it sold 4.4 million Lumia devices and 9.3 million Asha units.

Stocks included in the Euro Stoxx 50 Index are commonly used by mutual funds and other investors. It does mean that some funds could cash in their shares in favour of those that remain on the list. However it could always come back. Nokia was dropped by Euro Stoxx back in September 2011, so it may yet stage another comeback.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments