Stocks on the move: M, TRNC, COTY >>> READ MORE

5 of the Biggest Free Falls Since Fall

Plummeting Groupon has some inglorious company

      View All  

Nokia (-75% since Oct. 28)

NokiaFinnish outfit Nokia (NYSE:NOK) has followed essentially the same playbook as RIMM — namely, a lack of innovation has led to a smooth decline, with NOK shares losing three-quarters of their value since late last October.

The only good news for Nokia is that it struck a major deal with Microsoft (NASDAQ:MSFT), which will provide access to much-needed cash to keep the company afloat. But without any truly competitive handsets, the prospects for growth are virtually nil.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC