The takeaway ... "Yesterday the Nokia share price fell 18% in one day, the biggest fall it has ever had. The share price had climbed 11% in the first 5 months

The takeaway ... "Yesterday the Nokia share price fell 18% in one day, the biggest fall it has ever had. The share price had climbed 11% in the first 5 months when Elop was in charge, when he executed the previous strategy. After his magnificent new strategy unveilled in February 2011, Nokia share price has fallen by 74%. Today we heard that Moody's has joined the two other ratings agencies downgrading Nokia to junk. All three ratings agencies rated Nokia one notch below perfect when Elop took charge. I think we can see the pattern here. The Captain sees the iceberg. He knows he could save his ship. But he would rather go fire 10,000 engineers and buy a Swedish company. He's rather rearrange the deck chairs. Full Steam Ahead!"