One of Nokia's angry shareholders, Robert Chmielinski instructed law firm Robbins Geller Rudman and Dowd to file a class-action lawsuit (PDF) in a New York court against the firm, claiming it misled investors with promises that the partnership with Microsoft to sell Windows Phone 7 handsets would be more successful.
In the papework filed, Nokia is accused "talking up" the Lumia products' chances of turning around the company's fortunes. "The complaint alleges that during the Class Period, defendants told investors that Nokia's conversion to a Windows platform would halt its deteriorating position in the smartphone market. It did not," said lawyers representing Chmielinski.
The law firm argues that this became apparent on April 11, 2012, when Nokia disclosed that its first quarter performance would be worse than expected. Nokia expected its first quarter 2012 non-IFRS Devices & Services operating margin to fall by 3 percent, and projected first quarter 2012 Devices & Services net sales of €4.2 billion, a 40 percent drop on the previous year on year revenue generated in 2011,
They also made reference to the post US launch Lumia 900 data connectivity bug, which resulted in the struggling Finnish phone giant offering a $100 rebate to those who purchased them, as well as those yet to order them. What is potentially even more damaging however, is Chmielinski's claim that CEO Stephen Elop and CFO Timo Ihamuotila were aware of the problem before the phone was released on general sale.
Nokia issued a statement to the Inquirer in regards to the lawsuit. "Nokia has become aware of the filing of a securities class action complaint naming Nokia Corporation as a defendant, filed in the US District Court for the Southern District of New York on May 3, 2012, [we're] reviewing the allegations contained in the complaint and believe that they are without merit. Nokia will defend itself against the complaint."
Whilst announcing disappointing first quarter results, as well as its head of sales leaving, Elop did comment that the firm is still in the midst of transition, which is evident in the Q2 projections. Despite their efforts, Nokia's stock price continues to tumble alongside constantly reducing worldwide Symbian handset sales.
The Nokia Lumia 710 has a 3.7-inch, WVGA (480 x 800 pixel) display. It sports a 5 megapixel camera and LED flash, and a loud and clear external speaker. Like most Windows Phone 7.5 devices, the Lumia 710 does not support microSD cards. The Nokia Lumia 710 is powered with a 1.4GHz Qualcomm processor and 512MB of RAM. The Windows Phone interface gets out of your way easily, and apps are quick to open more often than not.
The Nokia Lumia 800 measures a fairly compact 116.8mm x 61.2mm x 12.1mm (4.6in x 2.4in x .5in), it features 16GB of internal storage, but lacks a microSD memory card slot. The Nokia Lumia 800 runs on a single-core processor (1.4GHz). The Lumia 800 is capable of HSPA 14.4 3G data connections on the 900, 1900, and 2100MHz bands and also features Wi-Fi and Bluetooth support.
The Nokia Lumia 900 is 11.4mm thickness and weight 159g, in the front you can find the 4.3-inch ClearBlack AMOLED display and in the back the 8 megapixel camera and its LED flash. Since there are no seams or doors there is no way to access the 1830mAh battery or increase the phone's 16GB internal storage with a microSD card.
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