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Nokia Corporation Message Board

back_to_reaiity 9 posts  |  Last Activity: Aug 16, 2014 1:42 AM Member since: Feb 5, 2013
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  • Alaska Communications Systems Group Inc. saw a decrease in revenue for the second quarter of 2014, while growing some segments of its business.

    Revenue for the second quarter of 2014 were $80.5 million, down from $97.7 million in the second quarter of 2013.

    Alaska Communications stock closed at $1.76 Aug. 11, less than the $3.79 it was going for on Aug. 12, 2013, and lower than the 52-week high of $3.86.

    This is the second quarter in a row of decreased revenue — during the first quarter of 2014, revenue was down $12.7 million year-over-year, which the company attributed largely to changes from the new Alaska Wireless Network.

    ACS and General Communication Inc., or GCI, merged their infrastructure into the Alaska Wireless Network, or AWN, in July 2013, although they still sell separate retail products. The merger has continued to affect the two companies’ bottom lines.

    GCI owns two-thirds of the company and Alaska Communications owns one-third.

    CEO Anand Vadapalli said the company remains focused on creating value by growing broadband revenue and EBITDA and reducing debt, and is successful in all three of those areas.

    Vadapalli discussed the company’s second quarter results during an Aug. 7 investor call. The quarterly results were announced Aug. 6.

    “Overall, we are doing well against our operating plan for the year, and leading the industry in growth,” Vadapalli said, referring to broadband.

    Business broadband revenue was $11 million for second quarter 2014, about an 11 percent increase compared to the second quarter of 2013. Total business and wholesale revenue also increased, at $27.7 million for the second quarter of 2014, up about 9 percent compared to the second quarter of 2013.

    Business broadband connections increased from 19,104 to 19,618 year-over-year.

    On the consumer side, total revenue for the quarter was $10.4 million, about a 1 percent increase compared to the second quarter of 2013. Consumer broadband revenue was $6.2 million, about an 11 percent increase compared to the second quarter of 2013.

    Consumer broadband connections decreased compared to the prior quarter, with about 39,022 connections as of June 30 this year, compared to 39,468 as of March 31, although they increased year-over-year from 37,611 at the end of second quarter 2013.

    CFO Wayne Graham said the change in consumer connections was related to a change in available products.

    As it did in the prior quarter, Alaska Communications’ net income also decreased. Second quarter 2014 net income was about $1 million, less than the $37.6 million in net income the company reported for the second quarter of 2013. However, it was an improvement from the first quarter of 2014, when net income was a loss of $385,000.

    Vadapalli said the company landed multiple contracts during the second quarter that will boost future performance. One was a multi-year contract with a large national carrier to build strategic fiber facilities for a federal customer; that was based on technical superiority and relationships, not on providing the lowest price, he noted.

    Alaska Communications also extended a relationship with an Alaska-based financial institution to provide connectivity between its Alaska and Lower 48 data center operations, Vadapalli said. And, the company extended its relationship to provide networks to a rural health care provider, he said.

    Vadapalli said the company would look toward the business sector, particularly managed services and its TekMate subsidiary, for future growth. For the second quarter of 2014, Graham said TekMate contributed $900,000 to the company’s revenue.

    Vadapalli also reaffirmed the company’s 2014 performance guidance, although he noted that capital spending would likely by $40 to $45 million instead of $40 million as a result of the fiber project. The payments for that will cover the additional costs, however, he noted, so there will be no impact to free cash flow from the expense.

    The other guidance called for revenue of $310 million for the year, an adjusted EBITDA of $90 million and free cash flow of $20 million.

    ACS is also continuing its work paying down debt.

    Graham said the company has made $17.3 million in debt payments so far this year, with net debt at $411.2 million, down from a high of more than $650 million before the AWN merger with GCI.

    In response to an investor question, Graham said the company would also look at possible refinancing when term loans are due in 2016; good debt markets and strong company performance would likely help that, he said.

  • Reply to

    Rebirth, a new bright future of Nokia

    by back_to_reaiity Jul 16, 2014 11:02 PM
    back_to_reaiity back_to_reaiity Jul 22, 2014 4:45 PM Flag

    Quote (excellent market performance of three business units, earnings in good condition)

    Bump might ease some worries

  • Reply to

    Who owns Mix Radio

    by jeffreber44 Jul 18, 2014 5:23 PM
    back_to_reaiity back_to_reaiity Jul 19, 2014 7:08 AM Flag

    We're all in the same boat, it really is confusing having two Nokia's. Jyrki Rosenberg was, or for a limited time still is VP of Entertainment at Microsoft. as stated by Mixradioblog

    Microsoft is dis banning Mixradio, figure since they already have xbox music Mixradio is not needed. going out on their own with investors backing, would be strange if Nokia Growth Partners was to become an investor for a company they just sold. it wouldn't surprise me.. MS I bet is forking out some cash to get them started. Asia, maybe Samsung wants to it for tizen?

  • Reply to

    Who owns Mix Radio

    by jeffreber44 Jul 18, 2014 5:23 PM
    back_to_reaiity back_to_reaiity Jul 18, 2014 8:41 PM Flag

    Sorry Billy boy you're wrong, Mix radio is owned by Microsoft
    Nokia's MixRadio streaming music app is spinning off as a standalone company, as part of deep cuts announced by its new parent company Microsoft.
    Nokia’s MixRadio music streaming service is aiming to spin off from Microsoft as a part of the layoffs the company announced yesterday
    Streaming service Nokia MixRadio is planning to spin out of Microsoft, following the parent company's announcement that it is cutting up to 18,000 jobs over the next year, including 12,500 from the Nokia Devices and Services unit it acquired recently.

  • Reply to

    Who owns Mix Radio

    by jeffreber44 Jul 18, 2014 5:23 PM
    back_to_reaiity back_to_reaiity Jul 18, 2014 6:15 PM Flag

    Microsoft does.

  • Reply to

    Nokia ER: what is your prediction

    by farhan8000 Jul 16, 2014 11:37 AM
    back_to_reaiity back_to_reaiity Jul 17, 2014 12:25 PM Flag

    I'm lost .
    MS deal went through on this ER, the 1.7 billion that will be used in stock buy backs, could be what remains from the deal? wouldn't whatever remains be included as earnings? 1.7 billion that's like 36 cents.

    25,000 less employees who went to MS should make a difference. Say between Higher paid workers such as in Finland and dirt poor workers in China Avg salary rounds up to 20gs annually, that’s a half a billion or a savings of 125 million per Q. 0.026 cents

  • Reply to

    Rebirth, a new bright future of Nokia

    by back_to_reaiity Jul 16, 2014 11:02 PM
    back_to_reaiity back_to_reaiity Jul 16, 2014 11:06 PM Flag

    There is a lot more to the Article if you search NSN on google its the article that has the picture of a bunch of people standing next to a globe. hopefully we will get a English version of this story

  • back_to_reaiity by back_to_reaiity Jul 16, 2014 11:02 PM Flag

    A Chinese article just published is pretty poorly translated

    Nokia future is very bright, through reorganization, we are born again." This is Sullivan's opening remarks. This sentence is mainly passed two messages: one, Nokia will adopt this change to another peak(New Heights) ; Second, the restructuring has been completed.

    "Now our very strong capital base, excellent market performance of three business units, earnings in good condition, coupled with the sale of the terminal and related businesses, making Nokia's investment rating escalating into higher profit margins from lower some the business from loss to profit, this is what I believe the reason Nokia has a bright future, "Sullivan said.

    The face of this change, the new Nokia needs to spend much time in transition period? In this regard, Su Li said: "In my personal opinion, the new Nokia's transition has basically ended, various activities are on the right track, and now the most important thing for us is to bold vision and courage, to have ambition, if you want the current state of the company, I think Nokia has entered a stage of rebirth, rather than in a transition period. "

    By HERE, Nokia will further invest in the development map service. "Map technology is one of the core elements interconnected world, the future of many innovative location-based technology businesses need to carry out." Sullivan highlighted that "supports a variety of operating systems, platforms, and the screen is the unique advantage HERE map business, which making our business model more competitive. "Currently, HERE has become the world's leading provider of map content for each five-car navigation system using a service 4 HERE offer. He said that the future will focus HERE smart, connected vehicle technology, cloud-based personal services (including wearable devices and intelligent terminals) to support business decisions three areas of data analysis. "Our vision is to map the depth and breadth of services and no one can do."

  • back_to_reaiity back_to_reaiity Jul 1, 2014 10:28 PM Flag

    In a fascinating new interview, Compal’s R&D wizard Shen Cun-te points out that smart shoes will be the new star of the wearable device industry, since shoes are undeniably worn more often than watches! This insight is particularly meaningful for Nokia, thanks to its history of innovation regarding mid-sole construction and impact-absorbing heel structures.

    Nokia’s 25-year old detour into mobile phones is over — but its footwear saga may only be starting.

    Global handset revenue has peaked and will continue declining in the coming years as low-end smartphones undercut sales of luxury models. Who cares about this twilight industry?

    The nascent smart boot market is waiting to be born, promising calorie tracking, GPS navigation, mapping software synergies, gamified orienteering and shoe-based social networks that revolve around mushroom picking and berry gathering. The spirit of Kontio still glows somewhere deep inside Nokia Corporation.

    We could be on the verge of the grandest corporate rebirth since Apple in 2002.

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