MarketFoolery: 06.21.2011

MarketFoolery

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🗓️ 21 June 2011

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nokia launches a new phone. Is it dead on arrival? Yahoo! works on resolving its conflict with Alibaba, China's largest e-commerce site. What will the deal mean for shareholders? And Groupon enlists a blog-writing cat to speak up during the company's quiet period. Will the joke be on Groupon investors?

Transcript

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0:00.0	It's Tuesday, June 21st, and this is Market Fullry.
0:05.0	I'm Chris Hill, and joining me in studio today from Motley Fool Asset Management, Bill Mann,
0:09.0	and from Motley Fool Hidden Gems, Charlie Travers.
0:12.0	Guys, happy first day of summer.
0:13.5	It is the official.
0:15.0	Yes, it is.
0:16.0	The solstice.
0:17.0	All right. All right.
0:18.0	We've got news from Yahoo and Groupon,
0:20.0	but we will begin with Nokia.
0:22.0	Earlier today, CEO Stephen Eilop unveiled Nokia's new N-9 smartphone,
0:27.8	which would be even more exciting
0:29.7	if it didn't use software the company plans to get rid of.
0:32.6	From 1964.
0:35.6	Types in pencil.
0:36.6	Now, E-Lop said Nokia will launch its first smartphone
0:39.8	using Microsoft's Windows platform later this year.
0:43.2	So, Charlie, why even launch this thing?
0:46.3	Well, E-LOP talked on the last call at the end of May
0:49.6	about how they were, you know, everybody knows they're losing market share.
0:52.2	They got pegged on that by
0:53.4	the analysts on the call and basically it you know their their goal at this point
	...

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