Nokia (NOK +0.2%) will post a €0.25/share loss next year after losing €0.34/share this year,...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia (NOK +0.2%) will post a €0.25/share loss next year after losing €0.34/share this year, predicts BMO's Tim Long, who's downgrading shares to Underperform and valuing the company at just $2/share (purely on account of its cash and patents). Long predicts Nokia's Lumia phone sales will come in at a disappointing 20M in 2013, a figure that will fail to offset an expected 15% drop in industry feature phone sales. (prior downgrades)