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HEXUS.sharewatch: Nokia falls as Symbian wind-down continues

by Scott Bicheno on 29 November 2010, 12:41

Tags: Nokia (NYSE:NOK)

Quick Link: HEXUS.net/qa3cu

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Despite the growing seriousness of the European Sovereign Debt Crisis, stock markets seem to have been relatively stable last week. However, if Portugal has to do an Ireland this week, we expect thing - in Europe at least - to get a lot more volatile.

One of Europe's few tech giants - mobile phone maker Nokia - was the biggest faller on our list, despite not having any bad news along the lines of the N8 bricking story we brought you a couple of weeks ago.

One key development, which we suspect contributed to the loss of investor confidence, was the next stage in the atrophy of the Symbian operating system. Having bought out its partners in what remains the world's biggest smartphone OS by volume, Nokia moved Symbian to the open source model, presumably in the hope that a greater number of developers would improve the OS and provide more apps.

But not only have Nokia's former Symbian partners defected en masse to Android, it looks like developers have come to the same conclusion. As a result the Symbian Foundation has been given a greatly reduced role as a licensing body and, yesterday, the Foundation announced all its websites would be shut down on 17 December. I.e. no more open-source goodness.

Company Listing Share price 7/11/10 Share price 14/11/10 Share price 21/11/10 Share price 28/11/10 7-day change Market cap (bn)
AMD AMD 8.04 7.63 7.47 7.55 1.1% 5.15
Apple AAPL 317.13 308.03 306.73 315.00 2.7% 288.95
ARM ARMH 17.26 17.11 18.65 18.77 0.6% 8.27
Avnet AVT 31.44 30.87 31.19 31.88 2.2% 4.84
Cisco CSCO 24.24 20.15 19.61 19.49 -0.6% 108.85
Dell DELL 14.46 13.42 13.90 13.65 -1.8% 26.55
Google GOOG 625.08 603.29 590.83 590.00 -0.1% 188.67
HP HPQ 43.72 42.21 42.49 43.20 1.7% 97.97
IBM IBM 146.92 143.74 145.05 143.90 -0.8% 178.78
Ingram Micro IM 18.26 17.73 17.92 17.95 0.2% 2.81
Intel INTC 21.24 21.53 21.14 21.34 0.9% 119.03
Microsoft MSFT 26.85 26.27 25.69 25.25 -1.7% 216.03
Nokia NOK 10.77 10.28 10.12 9.55 -5.6% 35.76
Nvidia NVDA 12.60 13.26 13.75 13.60 -1.1% 7.81
Oracle ORCL 29.25 28.32 28.15 27.49 -2.3% 138.20
Qualcomm QCOM 48.33 47.47 47.96 47.70 -0.5% 77.16
Tech Data TECD 46.20 43.57 44.01 45.55 3.5% 2.12
Dow .DJI 11444.08 11192.58 11203.55 11092.00 -1.0% N/A
FTSE 100 .FTSE 5875.35 5796.87 5732.83 5668.70 -1.1% N/A
NASDAQ .IXIC 2578.98 2518.21 2518.12 2534.56 0.7% N/A


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