Goldman cuts Nokia, sees woes as 'self inflicted'

http://www.marketwatch.com/story/goldman-cuts-nokia-sees-woes-as-self-inflicted-2009-08-13

Hmmmm....

 

GS attempted to "shakedown" NOK for new smartphones for the entire company in exchange for an upgrade. NOK said "no". Therefore, the downgrade.

 

Are you serious? :eek:

That's a new low for them ... they are maybe 1/4th the company they used to be just 10 or 12 years ago.

 

I would love to see Nokia downgrade Goldman.

 

They're in the wrong industry to self-inflict and walk away better for it.