End result is the same but what I'm saying is that Nokia can soon easily pay off any or all of their banks and loans and cut off that banks and loans business altogether or they can work out new terms and remain friends. Strictly business
rmbo47, is that recent JP Morgan upgraded a product of that "pit" in your "iron" head, by any chance ?...(-;
more importantly, that's 8 euro, which is a heck of a lot higher than so-called resistance at 6 euro...as many have said, nokia still way under fair valuation and still coming off of BK mis-valuation
info now on
JPMorgan nimmt Nokia mit 'Overweight' wieder auf - Ziel 8 Euro
Die US-Bank JPMorgan hat Nokia mit "Overweight" und einem Kursziel von 8 Euro in die Bewertung wieder aufgenommen. Das Patentportfolio des Technologieunternehmens sei von hoher Qualität und biete einige bisher ungenutzte Verwertungsmöglichkeiten, schrieb Analyst Sandeep Deshpande in einer Studie vom Freitag. Durch die Auseinandersetzungen mit den Handyherstellern HTC und Samsung seien auch einige Kurstreiber in dieser Hinsicht nicht allzu fern./fri/men
JPMorgan nimmt die Coverage für Nokia mit Overweight und einem Kursziel von €8,00 wieder auf.
RESEARCH ALERT-Nokia: JP Morgan resumes with overweight
Dec 6 (Reuters) - :
Nokia : JP Morgan resumes with overweight rating; target price $10.80
I want at least .50 in special dividends, as does a majority of holders of the stock. You guys can give me yours :-)
Sentiment: Strong Buy
This is actually the second injunction win vs HTC. Earlier this year you had this:
Nokia wins German patent injunction against HTC over power-saving technology
This morning Nokia won a German patent injunction against HTC that may give the Finnish handset maker enough leverage to sell a patent license to its Taiwanese rival unless Qualcomm, which provides baseband chipsets to HTC, can enable its customer to deactivate the patented power-saving technique. Deactivation, if possible, would come with the price of shorter battery life, harming the competitiveness of HTC's devices in the German market. [Update] HTC downplays the importance of this technique and claims to have removed it from the devices it is currently selling in Germany, suggesting that the fight will go on for some more time. I've published Nokia's and HTC's statements further below. [/Update]
Judge Dr. Holger Kircher of the Mannheim Regional Court announced that the panel of judges he presides over found HTC to infringe EP0673175 on "reduction of power consumption in a mobile station". At the February 5 trial counsel for HTC was unable to deny infringement of this patent by HTC devices incorporating Qualcomm baseband chips.
At a high level this patent is easily explained: it's about saving battery power by identifying during a mobile connection any messages (basically, packets of data) that can be reconstructed from only a portion of an encoded message (encoded for purposes of wireless transmission, with certain redundancies to allow for error correction) and, whenever possible, providing power to the receiving component only if and when further portions must be received in order to decode the message. If there's a strong radio signal, there's no point in wasting battery power on redundant data: it's more efficient to turn the receiving component on again just in time for the next message. This is particularly relevant when the phone is not in active use but still connected to a cellular network.
Nokia prevailed on a method claim and on an apparatus claim. With respect to the apparatus claim it's a straightforward injunction. For the method claim it's more complicated because it's only infringed if end users actually use the feature (which I believe is inevitable once an HTC device is connected to a network). Therefore, the part of the injunction relating to the method claim can theoretically be worked around by HTC selling such devices to their customers on the condition of them taking a license from Nokia (if Nokia offers a separate license to them at all). This is more of a theoretical option, especially since Nokia prevailed on an apparatus claim as well.
The injunction is a permanent (not preliminary) one. It can be enforced preliminarily (i.e., while it is being appealed) if Nokia posts a bond or makes a deposit of 5 million euros ($6.5 million) per patent claim and per defendant (Nokia was suing not only HTC's Taiwan-based parent company but also one or two European subsidiaries). In addition to a sales ban Nokia also won a recall of infringing devices from retail and a declaration that it is entitled to damages (the amount of which would have to be determined in a subsequent litigation). With a view to damages, HTC must makes disclosures to Nokia regarding any infringing activities.
Nokia is also asserting this patent against HTC in the US (where it is seeking an import ban from the ITC as well as additional remedies, particularly damages, in federal court) and the UK, as you can see further below.
Nokia's lead counsel in this action, Bird & Bird's Christian Harmsen, has scored two hits in a row in Mannheim. On Friday he won an injunction for Huawei against ZTE. In the HTC power-saving case Bird & Bird cooperated with Munich-based patent prosecution firm Samson & Partner.
Last week it became known that another Android device maker, ViewSonic, is already negotiating a settlement under which it will pay license fees to Nokia.
18 patent license deals involving Android have already been announced. HTC is already paying royalties to Apple and Microsoft, and it's only a question of when, not if, it will also make payments to Nokia.
The wider dispute: 40 patents-in-suit
Nokia is asserting 40 different patents against HTC in three countries (US, UK, Germany). Here's a complete list:
13-03-11 Nokia Patent Assertions Against HTC by Florian_Muelle_439
Nokia has recently stipulated to stay two Mannheim cases, and two others were dismissed earlier this month (Nokia can appeal those rulings to the Karlsruhe Hgher Regional Court). HTC is being defended against Nokia's German and UK patent assertions by Hogan Lovells.
The ITC referred one patent to arbitration. Nokia voluntarily withdrew another patent from the same ITC investigation.
Eight of the 40 patent assertions listed in the document shown further above were added after the initial 32 patent assertions Nokia brought against HTC last year. Nokia has well over 10,000 patent families and can always step up the pressure until HTC takes a royalty-bearing license.
HTC is countersuing Nokia in Germany in two cases involving one of its own power management patents as well as through its wholly-owned subsidiary S3 Graphics.
While Nokia's standard-essential patents (SEPs) are broadly licensed, its non-SEPs are not. Nokia is apparently willing to license some (but not all) of its non-SEPs. Other Android device makers than HTC and ViewSonic will sooner or later also need to agree with Nokia on a license to its non-standard-essential intellectual property. Apple and BlackBerry already have license agreements in place with Nokia covering SEPs as well as certain non-SEPs.
Update: Nokia's official statement
I usually don't publish corporate statements because I prefer to do my own research (reading court filings and attending hearings, trials and announcements of rulings). In this case I wish to publish Nokia's statement because its final sentence indicates that this is not merely about license fees but also about the competitive situation between the two companies:
"Nokia is pleased with this decision, which confirms the quality of Nokia’s patent portfolio. Nokia has also patented this power saving invention in the US, UK, France, Italy, Sweden, Austria, Japan and Hong Kong. In addition to this case in Germany, we have asserted the patent against HTC in the UK and in the US International Trade Commission, with a hearing in the US scheduled to start in two months’ time. More than 30 further Nokia patents have been asserted against HTC in other actions brought by Nokia in Germany, the US and the UK. HTC must now respect our intellectual property and compete using its own innovations."
If you had to chose between Bernstein and JPM, I'd go with JPMorgan's analysis. Bernstein and Ferragu has been so consistently wrong about nokia for so long...you'd think they had ulterior motives.