Texas, Risto Siilasma made the deal with Microsoft and Siilasma is still working hard at making sure the Acatel buyout is worth the effort.
iuhoosiers- you are an idiot and know little about NOK. Elop did the deal w/ MSFT, not Suri.. Suri has just given us a narrow range.
MSFT might be doing a 5.5 million write down of the handset division they purchased from NOK. I find it hilarious that they are acting surprised that it's not making money. There is way too much ego at MSFT. The fact that NOK was able to get so much for such a weak division just shows how brilliant Suri is. I am an ALU investor and while I wish I got more in exchange for my shares, I am happy to see ALU being taken over by a competent company and CEO because that is rare.
i didn't see anyone say that nokia was buying back the mobile division.
got a source for this?
i can wait ...
no cash [to give alu]?
Total Cash (mrq): 8.52B
Total Cash Per Share (mrq): 2.34
Total Debt (mrq): 2.93B
Total Debt/Equity (mrq): 31.46
Current Ratio (mrq): 1.88
Book Value Per Share (mrq): 2.54
so may be none to give to alu, but they have cash ...
That's Microsoft's problem now. The book on IDCC is well-known. Stretch them out with appeal after appeal and they will settle for pennies of their claim dollars. CAFC appeal is 1-2 years. The Supreme Court is another 1-2 years. Got time much?
I asked you a question. I was not engaging you in an argument. Don't you know the difference? Notice the ? mark's on that post?. That's a sign of asking a question.
"Geegaboo's, dockter_evil, even mewag51's post below I will not engage in an argument in defending Nokia"
Change your mind?
And how do you know nobody is biting? Be specific. Who is your supervisor at the HERE division of Nokia?
NEW YORK (Reuters) - Microsoft Corp (MSFT.O) lost a round in a potentially costly patent battle when a U.S. International Trade Commission judge on Monday found that the software giant used InterDigital Inc's technology in its mobile phones without permission.
The judge, Theodore Essex, said that Microsoft infringed two wireless cellular patents owned by InterDigital (IDCC.O), a patent licensor, and said it would not be against the public interest to ban the Microsoft devices from being imported into the United States.
The judge's decision must be reviewed by the full commission before any import ban is enacted.
The ITC has the authority to stop the import of products that it determines infringe a U.S. patent. Companies frequently sue at the ITC to win an import ban and in district court to win damages.
Wilmington, Delaware-based InterDigital first accused Nokia Corp (NOK1V.HE) of infringing its patents in 2007. Microsoft acquired Nokia's handset division last year. The InterDigital patents relate to moderating a mobile phone's power to reduce signal interference.
..Related Quotes .IDCC
+0.33% InterDigital, Inc. Watchlist
NASDAQ4:00 PM EDT Microsoft phones infringe patents: U.S. International Trade Commission judge
Reuters 7 mins ago Microsoft phones infringe patents -U.S. Int'l Trade Commission judge
Reuters 2 hrs 42 mins ago More
Microsoft Corporation Watchlist48.03+0.16(0.33%) NASDAQ4:00 PM EDT .The ITC originally cleared Nokia of infringement, but in 2012 the U.S. Court of Appeals for the Federal Circuit, the nation's top patent court, overturned that decision and sent it back to the ITC.
The "full-court stall" finally coming to a conclusion...?!!
Pay Up, Deadbeats...!!!
"Nokia doesn't have cash to give to ALU, and this offer is the best the ALU shareholders will get."
Given the French government has now open the door for foreign buyers to acquire ALU there will be more suitors expected especially from Wall Street LBOs (leverage buy out) and strip the company into pieces and sell them off to the highest bidder peice-by-piece. Remember, the sum of ALU's many businesses are worth much more than the whole company.
However, it's more likely that Cisco may put a bid through a combination of shares and cash. Cisco may put a bid for $20B with 577M CSCO shares ($16.6B) + $3.4B cash. Remember, Cisco has $50B cash stashed outside US that needs to be spent or pay US taxes.
Alcatel only has a book value of $0.76 per share and they're getting bought out at the equivalent of $4+ per share so where's the legal beef? Give us at least a legal theory that doesn't rely on delusional valuations for the following:
1) IP Division - ($7.9 billion in sales ) - profitable, cash flow positive
2) Wireless Access - (~$5 billion in sales) - unprofitable, negative cash flow
3) Patent Portfolio _ (~45,000 patents) - Licensing revenue of $15M a quarter.
Funny thing is, NOK did not get ALU for nothing. NOK bought massive litigation in the pipeline because ALU shareholders are not going to take no premium merger laying down.
Unless something changes, which I don't see in the foreseeable future. I'm cashing out 1/2 after the arbitration and 1/2 after the HERE sale. Then I will wait and see when I will buy back in. The India Chennai tax issue? Well, it might be a cold day in hell before that happens.
Nokia is desperately trying to dump its HERE but seems like no one is biting. I wonder why? Perhaps, it's because Google Android Auto is already at the doorsteps of automakers. In my view, automakers have only two choices, either to go with Google Android Auto or with Apple CarPlay because that's the future and more importantly that is the new standard. No wonder NOK shares are dropping like flies because investors just about had it and bailing out.
In my humble opinion.
The CEO used Shares because he will need every penny to restructure and payout Pensions and layoffs are very costly..