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Nokia Corporation Message Board

  • philthyone1 philthyone1 Jan 25, 2013 10:58 PM Flag

    Chineese New Year and an outlook

    Just around the corner. Did you know that most employers purchase gifts for their employees as part of this celebration. A new phone is right in that price range, and as a business tool, it is the perfect gift for an employer to give to their employed. This is going to be a great quarter coming up.

    Loss of the dividend is really what took Nokia down this week. Lower sales was expected with the tail end of the transition though I was plesantly surprised with the .02 beat of estimates. The move into profitibility is also very positive.

    There is much to look forward to. Nokia, by scrapping dividends, banks nearly one billion dollars. This is not the time to be cash strapped and find yourself unable to fill orders or reduce marketing.

    Yes, this is still speculative. $4.10 was tested twice this week, the first time was in after hours trading. Strong support here on significant, over-average volume. Even with AAPL news coming out and the spanking they took on their outlook on this sector, Nokia held on very well.

    No worries of a defunct company going bankrupt anymore, they have positive cash flow (and remember, this is still the tail end of the transition). Next quarter is all about existing patents and service offerings, China Mobile, Nokia Siemens, and the next gen of the 920. I think we see a climb close to $5.00, but it will be rocky. This is still considered speculative territory, but this quarter made the case of a successful Nokia turnaround all the more real. (there is strong resistance over $4.73).

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7.86+0.09(+1.15%)Dec 17 4:01 PMEST

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