Five Companies That Dropped The Ball This Week

Nokia's Decline Illustrated In Annual Report

Nokia, in its 20-F report filing with the Securities and Exchange Commission, revealed that it had a $1.4 billion operating loss in 2011, after reporting an operating profit of $2 billion in 2010. In addition to declines in revenue and earnings per share, Nokia reported a 25 percent drop in smartphone sales last year. Nokia had better hope Windows Phone starts catching on in the marketplace because the future doesn't look so hot.