Five Companies That Dropped The Ball This Week


Nokia Earnings Sag, Big Lumia Launch Tarnished By Bug

Nokia's woes continued this week as the company issued a profit warning that sent shares down to their lowest level in 14 years. If that weren't enough, Nokia had to recall its much-heralded Lumia 900 Windows Phone smartphone due to a software glitch that rendered them unable to connect to the Web.

"Our devices and services business continues to be in the midst of transition," Nokia CEO Stephen Elop said in a statement.