Nokia announced a series of layoffs today and the market reaction was a bit mixed. In the video below, Motley Fool tech and telecom analyst Eric Bleeker tells us why he sees this as a very positive move for the long term. He tells us to try not to focus so much on the short-term market fluctuations, and instead keep an eye to how Nokia is repositioning itself from a top brand in inexpensive commodity phones to its goal of cementing itself as a solid third-place competitor in the smartphone market. To do that, reducing its costs by making employment cutbacks is a necessary (though unfortunate) move.
Nokia's been struggling in a world of Apple and Android smartphone dominance. However, the company has banked its future on its next generation of Windows smartphones. Motley Fool analyst Charly Travers has created a new premium report that digs into both the opportunities and risks facing Nokia to help investors decide if the company is a buy or sell. To get started, simply click here now.
The article Nokia Makes the Right Cuts originally appeared on Fool.com.Eric Bleeker, CFA has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.