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MarketFoolery

MarketFoolery: 09.05.2012

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 5 September 2012

⏱️ 17 minutes

🧾️ Download transcript

Summary

Nokia’s new smartphone didn’t impress Wall Street while FedEx warns of a global slowdown. We dip into the Fool mailbag and analyze Facebook CEO Mark Zuckerberg’s attempt to reassure shareholders. Plus, a potential IPO from Canada leads to a debate over the relative merits of Celine Dion and Justin Bieber.

Transcript

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0:00.0

It's Wednesday, September 5th.

0:04.0

Welcome to Mark of Polery.

0:05.0

I'm Chris Hill joining me in studio today

0:07.0

for Motley Full 1, Jason Moser,

0:09.0

from Motley Full Inside Value, Joe Maker.

0:11.0

A little pre-Taping frivol volume going on in the studio.

0:14.0

We got a lot going on.

0:16.0

We've got FedEx, Facebook, we're going to talk online video and a potential IPO from the

0:21.0

Great White North, but let's start with a story that we touched on yesterday,

0:25.4

Joe, and that is Nokia. Nokia and Microsoft had their event this morning, unveiling

0:30.9

the new Lumiya smartphone running Windows 8 and I'm guessing the market didn't like what it saw Joe because

0:37.6

Nokia's shares down more than 11% as of this taping.

0:41.6

What do you think? Not great. The product came out and it had a

0:46.7

lot of the bells and whistles we expected. It's going to run on 4G. It's got improved camera.

0:52.1

And to their credit, Nokia is known for having great

0:54.6

cameras on their phones that'll be the case with who they rolled out here

0:57.8

improved maps capabilities all nice problem is everyone else already has those things

1:05.0

and an operating system that people are excited about.

1:07.0

That's one.

1:08.0

The second thing is that they stalled on when the phone is going to launch.

1:12.0

That's a real problem because you've got... installed on when the phone is going to launch.

1:13.0

That's a real problem because you've got a new big phone coming out from Motorola in short order and the iPhone 5.

...

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