try the message board search feature.
it's right above the http://finance.yahoo.com/mb/forumview/?&bn=220ef58e-d3dc-3807-9767-593835583c5f
Great recap - puts things in perspective.
For years, the HERE story has been "It will be profitable next year". Too many years. No responsible company the size of Nokia puts $10 billion into a business segment for that many years and CONTINUES to make excuses for the lack of profitability. It's an inexcusable, irresponsible, use of stockholder's capital.
I'll venture a guess, and absent any hard facts I'm free to speculate - Halbherr quit (was fired) because he continued to insist on investing more into HERE without believing he had any obligation to generate profits.
Finally, someone decided enough was enough, and if Halbherr was going to insist on eating Nokia capital with no return on investment, he was gone.
Any idiot can take billions and "invest" it "successfully" if they're not expected to generate any return on that investment, and it appears Halbherr was successful at making excuses, but not so successful in generating profits.
HERE could be a good/profitable business, in the right hands. Nokia needs someone who can generate some ROI from HERE, or maybe Nokia is better off just selling it.
Were it up to me, I'd bring in someone to generate some profit from HERE, then sell it. A business that generates a nice profit will sell more than a business that is break-even.
Sell HERE in 2-3 years, after 2-3 years of some decent, growing, profits. If Nokia can't generate any profits from HERE, sell it, and hope they can sell it for what they have invested in it.
And thought of those he angered because he is not an evil man..
And he thought of those he hurt because he is not a crime man,
And he thought of those he frightened because he is not and evil man,
and he understood, he understood himself,
upon this he saw anger or knew hurt or felt fear it was because he was not understanding.
And he learned compassion. With his eye of compassion, he saw his enemies like unto himself,
and he learned love, then he was answered... :-)
"Faith is believing in something when common sense tells you not to"
Let's hope for another early X-mas this year........ :)
But nobody gonna talk about my friend D that way nope, not after I showed up with a case of beer and messed with that fib program about nok goin nowhere, uhhu, nope we pals now.. :)
Much has been said about HERE's (potential) future growth and how this asset is the primary reason for Nokia's current premium valuation. And will continue to be Nokia's crown jewel going forward. Let's take a walk down memory lane and have a look at HERE's revenue growth history after it was purchased by Nokia in July 2008 for $8.1B. Not including operating losses. These figures are for the entire HERE division and not selectively broken out to support the higher growth within the auto mapping segment.
I provide no footnotes to these numbers. Refer to Nokia's financial statements for additional detail.
In addition to the $8.1B Nokia paid for NAVTEQ, now HERE, Nokia shareholders are now on the hook for almost $2B in (HERE) losses since Nokia has owned this division. So Nokia now has an effective $10B investment in HERE.
"Let's just leave that out there for awhile".
Comments and any rationale about how this division will be getting from HERE to THERE are of course welcome. Keep it on this subject and check your arrogance at the keyboard.
First full year of Nokia ownership was 2009. All figures are in EUROs.
2009 - Revenue: $670M
Earnings: ($344M) (loss)
2010 - Revenue: $1.003B
Earnings: $265M (profit)
2011 - Revenue: $1.091B
Earnings: ($1.526B) (loss)
(re-cast to include all aspects of new HERE division)
2012 - Revenue: $1.103B
Earnings: ($301M) loss
2013 - Revenue: $914M
Earnings: ($154M) loss
2014 - Revenue: $441M (Q1+Q2)
Earnings: $10M (profit)
Hahahaaa, cornie, you are awesome!!! Planet, don't ever change bro, darn good crew..and you point about labor day, ahh it was an awesome end to an fun filled day cuz I didn't check till late in evening and well it was a great excuse to keep the party going and who knows? good long weekend for the deal makers to schmooz it up...good point plant... ;-)
Was previously posted just wanted to post it again for investors who did not see it.
I remember when that came out...i remember way back Zman would call up here and pitch a bi3tch about how rite on the experation day the powers at be drop the PPS and , well, he was mad, anyway ya, but looks like josh is gonna nail it tomorrow, and that's waaay cool..now October I bet nok kissing 9.50 barring a bidding war for HERE...then its game on!....:-)
oh, hi Z...
It’s been an interesting day so far, this Tuesday August 5th, 2014 in the unusual call buying. We just saw another very interesting call buy, this time in Nokia Corporation (NOK).
One trader is confident in the future prospects of Nokia Corporation (NOK), as they just bought 5,800 October $8.00 calls in NOK, paying 41 cents for the options. It’s an interesting trade and unusual trade given the large number of calls, and also given the weakness in the stock and the market as a whole. The total transaction value is about $238,000. A nice sized “bet”.
Nokia Corporation (NOK) is currently trading at $7.93 during lunch hour, up 8 cents on the day, on much higher than average volume of 22 million shares. It is actually coming off it’s morning high of $8.02. NOK has a trading range over the past year of a 52 week low of $3.87 and a 52 week high of $8.35. This trader clearly thinks it’s Nokia’s time to break out of that 52 week high. And he expects it to happen fairly soon with an October expiration.
Nokia Corporation (NOK) doesn’t announce quarterly earnings until October 23 but we suspect that’s not the reason for this big call buy. Clearly there is some other good news coming soon. With Nokia Corporation (NOK) it could be one of many things, such as some announcement of sales numbers for their latest phones, some sort of buyout, or partnership with Microsoft, or just your run of the mill analyst upgrade / price target raise.
A total of 50 analysts cover the stock with an average rating of HOLD, and an average price target of just $6.29. It could very well be this buyer is in the know about an impending upgrade and or price target raise. A major price target raise would certainly net this buyer a nice profit.
Clearly, with larger than normal volume, and this big call buy, something is up with Nokia Corporation (NOK), we’ll just have to wait a week or two to find out what.
i missed the point of your post and asked you what you were referring to. sorry if that was painful for you. )-.;
however i am always a little raw. it's in my nature though, not the result of abrasion. so, no harm done if that was what you were thinking. (^:)
as to history repeating itself that may be where the mocking jay started to sound his cry. (-;
i just don't see enough similarity between the buyout of d+s and any possibility of here going to a new owner to suggest that the latter will in any way shape or form be a repetition of the former. but perhaps you will be proven correct! (^:)
but we are very close to the 1 year time period. if it is any consolation i promise not to leave before the end of the first week of sept. that way if here does get sold you will still have lots of opportunity for unlimited target practice! o-(o-8)=o