Nokia’s stock is taking a tumble, it was a virtual freefall and Nokia’s CEO Stephen Elop had to step in to halt the bloodbath. All of this, triggered by one rumour that Nokia was in the process of being bought out by Microsoft.
At the D conference, @Selop spoke to CNBC to clear the air about the rumour, calling it baseless and explicitly denying any talks of sale between Nokia and Microsoft. Infact in the 10 minute interview he tried to instill confidence in Nokia and came across as very confident and sure. He clearly believes in the direction he’s taking Nokia and had no problems taking tough questions head on.
A comment by Eldar Murtazin on his personal blog about how Nokia will start talks with Microsoft about the sale of its mobile phones unit to Microsoft has put the web into a tizzy. That rumour has been picked up around the world with most sites citing Eldar’s ‘Nokia to use Windows Phone on its devices’ scoop to give credibility to today’s statement.
This isn’t good for Nokia, with their share prices being extremely volatile and prone to taking a hit everytime a rumour abounds. The thing about rumours is that when everybody runs with it, irrespective of the fact that its been circulated by just one individual, the world slowly begins to treat it as it being true.
Now, Nokia doesn’t officially comment on rumours, but this has forced Mark Squires, the Comms Director for Nokia to chip in with ‘We typically don’t comment on rumors. But we have to say that Eldar’s rumors are getting obviously less accurate with every passing moment’ from his Twitter account.
Its obvious Nokia wants to cull the rumour, but I would’ve loved to see stronger words than ‘less accurate’.