Goldman's Tim Boddy thinks Nokia (NOK -7%) could cut its fat dividend to conserve cash as "a...

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

Goldman's Tim Boddy thinks Nokia (NOK -7%) could cut its fat dividend to conserve cash as "a hedge against a more painful transition to Microsoft products than expected." Recent strength in shares based on long-term hopes for Windows Phone software will reverse, he says, as H1 guidance and Lumia’s slow ramp “reminds investors that Nokia remains in a challenging transition period." (also)