The Finnish telecom legend Nokia continues lose its mystique, as its most recent financial results indicate more huge losses that were three times worse than market expectations. Nokia’s operating profit came to €1.34bn, far worse than the €319m analysts had predicted. The giant’s crisis has been deepened by falling revenues, which reached lows not seen since 2004. The company blames its expensive merger with Siemens for the situation, but whatever, the cause, investors have been selling off Nokia shares since they heard of the financial results last week, sending the price to lows not seen in 15 years.
