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Nokia Corporation Message Board

blimpsrus2001 228 posts  |  Last Activity: 7 minutes ago Member since: Jan 22, 2008
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  • Throwing old news out there. HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received Mr. Risto Siilasmaa, Chairman of the Board of Trustees of Nokia Corporation who was accompanied by HE Mr. Jarno Syrjala Ambassador of Finland to Saudi Arabia.

    The meeting was also attended by Eng. Ahmed Halawani, Executive Director, Private Equity and International Investments, Mr. Shadi Sanbar, KHC’s Executive Director and CFO, Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department, Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the Chairman and Mr. Fahad Bin Saad Bin Nafel, Executive Assistant to HRH the Chairman.

    The meeting began as Mr. Siilasmaa thanked Prince Alwaleed for giving him the opportunity to meet him. During the meeting the two discussed the latest developments in both KHC and Nokia. Moreover, Prince Alwaleed and Mr. Siilasmaa also discussed a number of general economic issues.

    Furthermore, during the meeting the Ambassador handed His Highness a letter from HE Mr. Jyrki Katainen, Finland’s Prime Minister inviting Prince Alwaleed to visit the country and explore investment opportunities in Finland.

    The Prince’s investment in Finland is in the banking sector through Citigroup.

  • Two years after shuttering its research and development operations in Israel, device manufacturer Nokia is back. The Finnish phone maker announced that it has bought NICE System’s 3D geolocation technology, developed in Israel, planning to use its new facilities as a development center for automation technology and 3D modeling.The NICE technology wasn’t specifically developed for mobile devices, but it could be easily applied to cell networks. Used mostly on local area or wireless networks, the system generates detailed 3D indoor and outdoor monitoring maps that enable engineers to pinpoint problems down to a particular floor of a building. The system analyzes and manages issues such as antenna and radio parameters, “neighbor” issues – checking what impact other networks in the area are having — and scrambling codes, which ensure that wireless connections don’t get mixed up.

    The deal, announced last week, brings Nokia back to Israel after a two-year absence. In 2012, Nokia closed down its Israel R&D center. Employees of the center took it over and established a new company called Atrinet. The 25-employee company was all that was left of an R&D center that once employed nearly 500, reflecting Nokia’s drive in recent years to shed overhead by laying off thousands of workers.

    Sales of devices by Nokia, once the biggest seller of cellphones in the world, have fallen precipitously in recent years. In 2007, it had over 50% of the market to itself, but by Q1 2013, that figure had fallen to 3.1%, as Apple and Android smart devices eclipsed the “old-fashioned” cellphones Nokia is known for.

  • blimpsrus2001 blimpsrus2001 Jul 3, 2014 8:26 PM Flag

    I believe that Nokia is currently worth more than $40B, or roughly $10.80 a share (more than 30% more than today's share price). It seemed expensive when I recommended it around $5.50 a share, but Nokia has revealed its plan for 2014 and gained support from investors. I believe that it can be worth much more than $10.80 a share, but it will take a couple more quarters to see Nokia's improvements in licenses, new technology, and growing NSN.

    I believe the time to buy Nokia is HERE, before its growth translates into even more gains and Nokia approaches its previous highs.

  • A lot has changed since I initially recommended Nokia (NOK) back in Semptember. Even though it was only 3 months ago, Nokia has defined and expanded its "new core businesses", as well as its share price increasing to over $8 a share (I originally recommended it at $5.50 a share). Is Nokia still worth its current price, with a market cap of nearly $30B?

    Since the last article I wrote, Nokia has released new quarterly numbers (Q3), which should allow us to create a more accurate model of its future.

    I. Nokia's Deal with Microsoft (MSFT)

    Nokia announced in its Q3 earnings report, that it expects to book a profit of EUR 3B ($4.12B USD). As part of this deal, Nokia is selling its Devices & Services Business to Microsoft, as well as a 10 year non-exclusive mutual license of its patents and a 4 year license of Nokia's HERE System. Microsoft will pay separately for rights to HERE; the new revenue from Microsoft is expected to be more than HERE is currently earning from Nokia's Devices & Services Segment.

    The deal, which is expected to close in early 2014, is beneficial to both Nokia's profitability and balance sheet. The deal allows Nokia to get rid of its underperforming segment, which has seen a 16% decrease in revenue in the last year and a $118M loss in Q3.Nokia has a very healthy balance sheet, with nearly EUR 6.9B in shareholder equity. When we add the expected EUR 3B Nokia expects to make from the Microsoft deal, Nokia has a shareholder equity of EUR 9.9B, or $13.6B USD. This would value Nokia's remaining businesses at $16.4B USD.

  • blimpsrus2001 blimpsrus2001 Jul 3, 2014 4:23 PM Flag

    So true,I know someone who is from Lebanon and he said the same thing one side of his country is beautiful with cattle and the other side is disaster area.

  • Nokia has topped off a two-month buying spree with an agreement with Israeli surveillance specialist to develop new 3D monitoring technology for mobile networksNokia Networks has followed up its acquisition of a US wireless network deployment firm SAC Wireless this week with the purchase of 3D geolocation tech from security and surveillance company Nice.

    In a move intended to bolster its ability to manage mobile networks, Nokia Networks said on Thursday it had acquired advanced geolocation capabilities from Nice Systems.

    Read this

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    Nice, which has its headquarters in Israel and was founded by former members of the country's army, provides analytics-based security services to airports, utilities, banks, and homeland security agencies based on data captured from security cameras, sensors, devices and communication systems.

    Nokia thinks Nice's 3D geolocation technology will allow its services business to provide a more accurate picture of its customers' mobile network performance, as well as traffic trends and ultimately better information for network planning — particularly around emerging small cell technology for mobile networks. The telecoms industry is increasingly looking to small cell technology to cope with the onslaught of data predicted to hit mobile networks over the coming years.

    "Advanced network planning and optimisation services are at the forefront of Nokia Networks' strategic services to mobile operators. The evolution of small cells and LTE necessitates more accurate 3-D geolocation capabilities. Nokia Networks intends to enhance this unique solution in order to offer superior services to our customers, regardless of which network gear they use," Dennis Lorenzin, head of network planning and optimization at Nokia Networks global services unit, said.Nokia hasn't confirmed exactly what technology it has acquired from Nice. However, its agreement with the company includes development of a new Nokia competence centre in Israel where it will build its future portfolio around 3D modelling and bolster automation of its services.

    Nokia yesterday also acquired US-based SAC Wireless to boost its presence in wireless network implementation in the US.

    SAC Wireless has around 450 employees and expertise that Nokia would otherwise subcontract out, such as dealing with site acquisition, and quality control during network building.

    Besides boosting its presence in the US, Nokia also believes SAC will help it out with challenging network deployments, including "indoor/outdoor small cells, distributed antenna systems, 4G LTE upgrades, and solving backhaul connectivity and bandwidth issues".

    The two new deals follow Nokia's June acquisition of Australian wireless tech firm Mesaplexx, whose radio filtering technology it believes will enable it to reduce the size of its base stations and small cells by up to 30 percent.

    Other acquisitions Nokia has completed recently, following the #$%$5.4bn sale of its devices business to Microsoft in April, include Here's purchase of Seattle-based Medio Systems in June. Medio gives Nokia's mapping business predictive analytics tools to create contextual maps and location services for more personalised mapping services.

    Before that, Here acquired natural language processing company Desti to improve its maps and personalisation.

    Nokia's mobile broadband sales accounted for just over half of the company's #$%$2.3bn revenues from networks in the most recent quarter, which today, without devices, make up 90 percent of Nokia's overall revenues.

  • Reply to

    Anyone received the dividend?

    by wenh Jul 3, 2014 10:30 AM
    blimpsrus2001 blimpsrus2001 Jul 3, 2014 11:06 AM Flag

    US and Finnish Taxation of Cash Dividends

    For US federal income tax purposes, the gross amount of dividends paid to US Holders of shares or ADSs, including any related Finnish withholding tax, generally will be included in gross income as foreign source dividend income. Dividends will not be eligible for the dividends received deduction allowed to corporations under Section 243 of the Code. The amount includible in income (including any Finnish withholding tax) will equal the US dollar value of the payment, determined at the time such payment is received by the Depositary (in the case of ADSs) or by the US Holder (in the case of shares), regardless of whether the payment is in fact converted into US dollars. Generally, any gain or loss resulting from currency exchange rate fluctuations during the period between the time such payment is received and the date the dividend payment is converted into US dollars will be treated as ordinary income or loss to a US Holder.

    Special rules govern and specific elections are available to accrual method taxpayers to determine the US dollar amount includible in income in the case of a dividend paid (and taxes withheld) in foreign currency. Accrual basis taxpayers are urged to consult their own tax advisors regarding the requirements and elections applicable in this regard.

    Under the Finnish Income Tax Act and Act on Taxation of Non-residents’ Income, non-residents of Finland are generally subject to a withholding tax at a rate of 28% payable on dividends paid by a Finnish resident company. However, pursuant to the Treaty, dividends paid to US Holders generally will be subject to Finnish withholding tax at a reduced rate of 15% of the gross amount of the.I read 28% but can fill out 1116 tax form to avoid double taxation

  • Nokia is starting to reclaim lost ground in the U.S. mobile networking market. Consequently it’s buying Chicago-based SAC Wireless to help it roll out its new network contracts. Nokia may have one of the biggest mobile network-building operations in the world, but you would have hardly noticed in the U.S. over the last decade. When the 4G revolution kicked off, Nokia landed a single contract: T-Mobile’s LTE network, which it split with Ericsson.

    But Nokia’s network fortunes are improving in this key global market, and it’s starting to scale its operations to meet new demand. On Wednesday, Nokia announced it is acquiring Chicago-based SAC Wireless, an engineering firm specializing in the planning and logistics of network deployment. Nokia didn’t reveal the financial terms of the deal.

    Lately Nokia’s been reclaiming ground in the U.S., last year beating out rival Ericsson for Sprint’s Spark LTE rollout. In 2011, it scooped up Motorola’s network business in part to increase its clout with U.S. carriers. SAC happens to be located in the same northwest Chicago suburbs as its Motorola’s former network HQ, which is now Nokia’s North American R&D center.

    SAC specializes in deploying small cells and distributed antenna systems in dense highly trafficked areas. That should give Nokia an advantage as mobile networks migrate away from the big cell towers and rooftops and move down to street level

  • The year 1973 was crucial for one for the giants of European industry. That was when Finnish Rubber Works merged with Finnish Cable Works, forming a company called Nokia Corporation. That year, Nokia had a massive consumer market blockbuster with Kontio Rubber Boot. Kontio was named after the Finnish term of endearment for “bear” that was commonly used in Middle Ages to avoid the religious taboo against using the true name of this animistic deity (Karhu).

    This groundbreaking footware introduced many key features that would become staples of modern rubber boot manufacturing: a tightening strap, a reflective band and a rotationally rigid midsole construction. Kontio would define the Nokia brand in Europe during late 1970s and the 1980s.

    FROM EARLIER — Nokia reborn: Nokia’s new Android launcher is wonderfully simple and shockingly innovative

    During 1990s, Nokia lost its focus on cutting-edge rubber boot design and manufacturing, diversifying recklessly into mobile infrastructure and even mobile handsets. In 1990, Nokia sold off its rubber boot division — a decision that was harshly criticized by the Finnish financial media and arguably turned out to be a false step, so to speak.

    While Nokia did indeed have some success in the mobile handset business, the phone unit sank deeply into losses by 2011 and ultimately had to be sold off to Microsoft. Meanwhile, high-end rubber boot manufacturing continues to yield 2-5% profit margins to leading vendors.Now Nokia is mostly focused on the rather boring mobile infrastructure market. But there is a glimmer of hope in the horizon. Nokia did cut a deal with Microsoft pledging not to re-enter mobile phone business for years.

    But it never agreed not to re-enter rubber boot industry.

    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.

  • blimpsrus2001 blimpsrus2001 Jun 30, 2014 8:02 AM Flag

    Pure madness I I tell you pure madness

  • blimpsrus2001 blimpsrus2001 Jun 30, 2014 7:16 AM Flag

    Beijing, China – Nokia Networks strengthens its position as the top non-Chinese vendor in the second phase of a significant TD-LTE tender with the world’s largest wireless operator, China Mobile. Nokia Networks is the only non-Chinese vendor to win a double-digit unit share. With this contract, Nokia Networks further expands its 4G footprint in China to cover 18 out of 31 provinces, including mega cities and provinces such as Beijing, Shanghai and Guangdong, and builds on over 20 years of successful cooperation between the two companies.

    Nokia Networks has demonstrated excellent real-life performance in China Mobile’s TD-LTE network. Recently, Nokia Networks achieved number one ranking in the operator’s quality assessment of its commercial TD-LTE deployments. In the evaluation, Nokia Networks as the largest supplier of the TD-LTE network in Fuzhou delivered the best network quality of all top 10 provincial capitals.

    Nokia Networks also supported China Mobile Shanghai as the sole supplier at a globally-renowned motor race in Shanghai to provide seamless TD-LTE coverage for more than 250,000 spectators. This was the world’s first live TD-LTE network implemented for an event of this scale.We are proud to be the only non-Chinese partner to be awarded a double-digit share by China Mobile, which strengthens our position as one of the top 3 partners for China Mobile in TD-LTE, “ said Markus Borchert, President of the Greater China region at Nokia Networks. “This award is an important recognition to us for our technological strength and long-standing commitment to the global success of TD-LTE. Nokia Networks supplies 46 commercial TD-LTE radio networks globally, about half of all commercial TD-LTE networks around the world. We will continue to innovate together with China Mobile and deliver industry-leading solutions, performance and quality, and contribute to the globalization of TD-LTE.”

    The contract covers Nokia’s indoor and outdoor base stations from the Flexi* product family as well as its cloud-enabled NetAct network management system. Nokia Networks will support China Mobile across the 1.9 GHz, 2.6 GHz and 2.3 GHz frequency bands in both single mode TD-LTE and TD-SCDMA / TD-LTE dual mode implementation. Network implementation, planning & optimization, care and training services are included in the agreement to ensure seamless operations.

    A recognized leader** in the LTE arena, Nokia Networks has more than 140 commercial references worldwide for delivering both TDD and FDD variants of the technology.

    To share your thoughts on the topic, join the discussion with @NSNtweets on Twitter using #mobilebroadband and #TDLTE.

  • Reply to

    My dividend money

    by jeffreber44 Jun 29, 2014 2:56 PM
    blimpsrus2001 blimpsrus2001 Jun 30, 2014 6:18 AM Flag

    I just did for 20.00 and went to bed happy :)

  • blimpsrus2001 blimpsrus2001 Jun 28, 2014 9:56 AM Flag

    Thanks saw the date after I posted.First time seeing this article hindsight is 20/20

  • Google Chief Executive Officer (CEO) Eric Schmidt said that Nokia made a bad move in choosing Microsoft’s Windows Phone 7 Operating System (OS) after ditching Symbian as its primary mobile OS, an announcement that caught attention at the ongoing Mobile World Congress (MWC) 2011 held in Barcelona, Spain.

    During his keynote speech, Schmidt confirmed previous closed-door meetings between Nokia and Google prior to the leading mobile manufacturer’s decision to choose Microsoft’s mobile OS.

    For a while now, the Internet search giant has been bold in claiming that more than 300,000 Android device activations happen daily, largely attributed to the 24 mobile phone manufacturers providing Androids to over 69 countries; however, Schmidt stated that Nokia could still board the bandwagon anytime the mobile phone giant decides to do so.

    Schmidt said, “We would like them to adopt Android at some point in the future and that offer remains open. We think Android was a good choice for Nokia. We are sorry they made a different choice.”

    Earlier, Stephen Elop, the newly appointed CEO of Nokia and former Microsoft employee, announced that the adoption of the Windows Phone 7 OS would present a “third ecosystem” for the masses to rival Apple’s iOS and Google’s Android.

    Nokia’s shares dived as much as 20 percent after the Microsoft deal.

  • Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) shares saw a substantial decline in the short interest in May. As of May 30th total short interest came in at 23,067,730 shares, a decline of 9.4% from the May 15th total of 25,473,378 shares. Rating upgrade pushed Nokia higher

    Nokia stock shot earlier this week after Raymond James analyst upgraded the company from Underperform to Market Perform. Analyst Simon Leopold has initiated coverage on Nokia shares after the deal with Microsoft concluded.

    Also, in a research note on Thursday, June 12th, RBC Capital raised the price target on Nokia from $9.00 to $11.00 with a rating of Outperform. Canaccord Genuity analysts, in research note on Tuesday, May 27th, raised the price target on the stock from $10.25 to $11.00 and gave a Buy rating. Overall, Nokia has a consensus rating of Hold and an average price target of $12.46.

    Repurchase to regain investors confidence

    Recently, the Finnish giant announced that it will repurchase shares worth up to 1.25 billion euro (about $1.7 billion), in line with its 5 billion euro (around$6.8 billion) “capital structure optimization program.” The repurchase will start from July 24, 2014 and will be valid till December 17, 2015, and within the period the company would repurchase 370 million shares. The firm stated in a statement that along with the 5 billion euro capital structure optimization program board of members at the company have given their consensus on repurchase of share under the authorization given by the Nokia Annual General Meeting held on June 17, 2014.

    Shares will be directly repurchased from sellers in marketplaces and the buy back will be done according to the current market price of Nokia shares in marketplace. This year, in May, the company stated plans to get on a capital structure optimization program under which it will strive to bring down the debts by second quarter of 2016, repurchase shares worth $1.7 billion over the next two years to “improve the efficiency of Nokia’s capital structure.”Nokia said that it will start repurchasing the shares after the announcement of the second quarter 2014 results on July 24, 2014 and AGM has authorized the repurchase till December 17, 2015.

  • blimpsrus2001 blimpsrus2001 Jun 27, 2014 12:07 PM Flag

    I bought Nokia 2012 and in for long term,did very well and do even better in the future.You just have to be at the right place at the right time.Do not know in Stock Market if we all knew we would be millionaires For me inside five years is a possibility depends on what Nokia makes licensing their patents.If they sell HERE look out stock flies again.

  • Reply to

    The MARKET IS rigged! GET OUT FAST

    by icgn007 Jun 27, 2014 10:48 AM
    blimpsrus2001 blimpsrus2001 Jun 27, 2014 10:51 AM Flag

    After year 2000 the rigging accelerated.We now have a Casino

  • blimpsrus2001 blimpsrus2001 Jun 27, 2014 9:24 AM Flag

    US playing defense because the opponent is a better team so therefore they are playing back on their heels.Belgium will finish them off

  • June 26, 2014 Though Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) stock has declined about 4.5% this year so far, it’s still gone up a staggering 95.4% in the past 12 months. The Screener says in its latest research report that the stock’s mid-term technical trend has been slightly positive since May 23. Nokia’s four-week performance against the DJ Stoxx 600 index is -2.8%. This underperformance is likely to have shadowed the technical trend.The Screener says Nokia is fundamentally undervalued compared to its theoretical fair price. Notably, 29 analysts covering the stock have positively revised the Finnish company’s earnings growth estimate by 3.4% in the past seven weeks. This positive pressure on growth expectations confirms the positive technical trend. The positioning of Nokia with reference to the technology sector emphasizes that the positive trend of earnings revisions is creating a positive perception of the stock.

    Monthly volatility of (15.1%) is much lower than the last few years’ average of (43.1%). Relatively lower magnitude of price fluctuations in the short-term indicates a dull investor activity in Nokia stock. The average daily trading volume has declined from 29.3 million on April 15 to 16.29 million on June 13. In contrast, Nokia’s long-term volatility of 44.1% is higher than (10.8%) of the DJ Stoxx 600 index. That reflects much higher price variations for Nokia compared to the European market as a whole.Nokia is fairly correlated to the DJ Stoxx 600 index

    Nokia has a correlation rate of 0.48, suggesting that 48% of variations in the stock are explained by index variations. The stock is fairly correlated to the DJ Stoxx 600 index. The research firm said that the risk investors take on Nokia falls in the “average” category, and it has remained so since November 26, 2013.Since selling its device business to Microsoft Corporation (NASDAQ:MSFT), Nokia has been improving its business. The Finnish company is consistently adding new features to its HERE maps to expand the user base. Last month, Nokia acquired Desti, a natural language processing and artificial intelligence startup, to help improve its HERE mapping business. The company has received upgrades from several analysts in the past few weeks. Analysts believe that the company’s IP portfolio has immense monetization potential.

  • Reply to


    by hooo_cares Jun 26, 2014 11:50 AM
    blimpsrus2001 blimpsrus2001 Jun 26, 2014 1:17 PM Flag

    Hey hoo-cares do not sweat the small stuff this is business this to shall pass,go about your business and forget about Nokia they will do just fine give them time and you will be well rewarded.Over and out Blimpo

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