come on Nokia ...how can we get to $10/share at the end of the year with this turtle pace?.. We need more volume to make the company much much stronger - in another aspect.
Sentiment: Strong Buy
Isn't it kind of 6 of one, a half dozen of the other? Nokia would either get the undersea cable business, or the money generated from a sale/spinoff? Not sure how it is a nice bonus.
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That is two separate issues. Getting complete ownership of submarine unit as far
as I can tell was not part of the original deal.
Combes mentioned it would be spun off and would benefit ALU shareholders only.
So I am not sure what changed since then...but whatever its valuation, 1b euros plus or minus, it is still a bonus for NOK shareholders.
It's not how many times you get caught flatfooted and crosseyed, it's how many times he can put a spin on his "adventures" that count...to him.
Which is equivalent to a hippie running through a poppy field singing a Jethro Tull song!
"Our goal is to position each business group for clear leadership in its particular market and to create a combined portfolio that provides the scope and scale our customers expect, underpinned by a strong focus on innovation, quality and superb execution," explained Suri. "We aim for all our business groups to be innovation leaders, drawing on the combined company's unparalleled R&D capabilities to deliver leading products and services for our customers, and ultimately ensure the company's long-term value creation."
Based on today's new regarding the submarine business, this could cause a Large problem and Major ALU shareholders to vote no on the final deal. Time will tell. Its not over yet. Far from it..