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Nokia Corporation Message Board

  • meimine meimine Jul 17, 2012 3:03 PM Flag

    Nokia should buy back shares now

    I remember looking thru their previous earnings call that the Nokia board of directors have authorized 500 million share buy back. I don't recall the exact details but pretty sure there is stock buy back program is in place.

    This would be perfect opportunity to complete that buy back assuming there is enough cash still available. I wish they had stopped paying dividend, and used that cash to buy additional 500 million shares for a total of 1 Billion shares.

    Does anybody know what is the status of the buy back? At such low price it makes a lot of sense.

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