As Nokia Teeters, What’s It Worth? – The Wall Street Journal.

As Nokia Teeters, What’s It Worth?

http://online.wsj.com/article/SB10001424052702303822204577468251129110174.html

Nokia Corp.’s NOK1V.HE -2.49%latest profit warning and massive layoffs are raising an important question in the stock market: Just how much is the cellphone company’s business really worth?

Financial analysts have a disquieting answer for the Finnish company. Some say its path is so uncertain that they are starting to evaluate the 141-year-old company primarily on the value of its assets, patents and cash reserves, rather than as an operating business.