Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is followed by many financial analysts. Consensus analyst earnings estimates have been revised upwards by 4.6% compared to seven weeks ago, according to a report from Screener published on October 11, 2014.Analysts positive on Nokia
Nokia Corporation’s improvement in earnings estimates is at least partially due to an improvement in the outlook for the sector. To analyze if the company’s stock is fairly priced, analysts at Screener applied a “Peter Lynch” formula that compares projected earnings growth and dividend with the estimated PE ratio.
Based on this methodology, it is noted that the Finnish company is fundamentally undervalued compared to its theoretical fair price. Its valuation is less attractive compared to the technology sector of Europe. Further, analysts noted that the “Forecasted Growth + Estimated Dividend Yield/ Estimated Price Earnings” ratio is higher than 1.6, revealing that the projected growth is a result of a base effect, which means that the company is in process of turnaround. In this case, estimated PE is a better indicator of a stock’s expected growth than the long-term growth, says the report.
This suggests that the fundamental price outlook for Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is good, even on the account of other stocks in the same industry faring better.Higher spending on wireless technology
In a separate report dated Sept. 19, 2014, RBC Capital Markets analysts noted that Nokia is transforming into a “cleaner entity” and is targeting on operational focuses in Networks, HERE maps and that, overall, technology is improving. RBC analysts also noted that the company’s network division is benefiting from wireless capital expenditure in the United States as Sprint Corporation, T-Mobile US and China Mobile are all spending significantly on their wireless networks.
Additionally, LTE infrastructure in Europe is still in the initial stages. Meanwhile, Chinese carriers such as China Telecom and China Unicom might offer more possibilities for Nokia, the analysts also note. Moreover, a decline in operating expenditures has improved the company’s margin in its Network division. They also point our that a higher mix of “IMS / core, coverage, software” could increase the gross margin.
It’s been a busy couple of weeks for owners of the Samsung Galaxy S4 with several different updates rolling out, including the latest Android 4.4.2 and 4.4.4 KitKat versions.
As is often the case with the mobile operating system updates the release has been patchy and dependent on the region the user lives in. Some areas are only just getting 4.4.2, while others are already getting the 4.4.4 update.
According to GottaBeMobile the Australian market is currently rolling out the 4.4.2 update to Galaxy S4 and S4 mini users.
Though some users are likely annoyed at the wait, the S4 is still a fully supported device as is among the list of smartphones that will eventually adopt the all-new Android L. This will launch first on the Note 4 and S5, before filtering down to the powerful predecessors.
Meanwhile S4 users in the United States on Verizon have been treated to the Samsung Knox 2.0 update, which is touted as improving data connection within messaging apps, as well as more reliability for AOL email, voicemail and Bluetooth.
There also won’t be as much lag to the keyboard when removed from a desktop dock station.
On the APP front Verizon users will now be able to install the Softcard wallet, the Kids Mode parental control app, and others.Finally Nokia’s Here Maps service is now available to S4 and all other Galaxy models as they expand further on to Android. The service includes both lat, 3D and satellite versions of maps, and the ability to plot journeys by car or public transport.
The Glympse version allows users to share their current location for a set time-frame, which is intended to be used when two people are journeying together in separate vehicles, or when you’re panning to meet up with somebody but don’t want to share the data.
This is unfortunate but then again this is the Stock Market.Do not worry be happy Nokia will rebound be patient long and strong :)
Finland's Nokia has signed a framework agreement with China Mobile, the world's largest wireless operator, for mobile communication equipment and services worth $970 million to be delivered during 2014 and 2015.
I recall Nokia dropping from around 8.20 to 6.80 early February 2014 this is nothing new.
Yahoo just made about $9 billion in cash from Alibaba Group's initial public offering, and investors are licking their lips at the thought of how Marissa Mayer might spend it. Snapchat? AOL?
Well, here's one area you shouldn't expect her to invest in: offshoring more jobs to India.
The company is cutting about 400 jobs at its office in Bangalore, India, representing more than a third of its workforce there, Bloomberg News reported. Yahoo says the cuts were due to "some changes in the way we operate in Bangalore" and that it's not giving up on the country. "Yahoo will continue to have a presence in India, and Bangalore remains an important office," it said in a statement.
The allure of offshoring information technology jobs to India isn't what it used to be. On Wednesday, Nokia said it plans to shut down production at a factory near Chennai on November 1. The plant in the southern city of Sriperumbudur was one of Nokia's largest phone-manufacturing operations.
In a statement, the Finnish tech company blamed the closure on an asset freeze imposed by India's tax department.
Nokia's nightmare highlights one big reason some Western tech companies are putting the great Indian offshoring experiment on pause. The country is still grappling with corruption and bureaucracy, which contribute to it being the worst-performing Brics economy for IT development, according to a 2014 report from the World Economic Forum.That creates roadblocks for foreign businesses and local entrepreneurs, alike. Narendra Modi, India's charismatic new Prime Minister, went on a splashy American tour last month, greeted by 20,000 screaming fans at Madison Square Garden. After meeting with president Barack Obama, Modi said the US visit "reinforced my conviction that India and the United States are natural global partners."
But the outlook for Indian offshoring isn't optimistic. The Hackett Group predicted in a 2012 report that this year would be the start of an eight-year death of offshoring to India.
Even International Business Machines (IBM), a pioneer of large-scale tech offshoring to India, reportedly began making major job cuts in the country this year.
Highly skilled software and hardware engineers shouldn't burn their Indian Institute of Technology degrees yet. According to a report this year from consulting firm Accenture, the domestic IT industry is expected to grow, thanks to government investment and a lifting of some of the regulations that make starting a company in India difficult.
For foreign businesses, the Nokia plant serves as a case study in Indian frustration-omics.
With Nokia shutting Chennai factory, Yahoo shedding jobs, Narendra Modi govt reiterates faith in 'Make in India' campaign.
Government on Wednesday said that it will not let Nokia and Yahoo kind of debacles from happening again, and reiterated its commitment to encouraging a business friendly environment in the country, which boosts manufacturing and helps in creating jobs.
“We will see how best such matters (Nokia) do not occur again and we will encourage 'Make in India Campaign',” Sitharaman said.
She was responding to queries directed at her on Nokia announcing suspension of work at its Chennai mobile manufacturing plant and its possible impact on Narendra Modi government's pet 'Make in India' project. The Yahoo issue did not elicit a separate response.
'Make in India' programme has been specifically launched with the idea of providing jobs to about 10 million workforce that gets added in the country every year. The Yahoo and Nokia fiascos are being seen as having negative impact on crating favourable ground for attracting investment in Indian manufacturing.While the PM's recent US visit focused around getting more defence entities there to consider investment in setting up facilities here, there is serious thinking in the government to encourage even existing units of multinationals in the country as part of the 'Make in India' campaign.
“This is an issue (Nokia) specifically related to a particular company and there is an issue on that. We are seized of the matter. We will look at it,” the minister said.
Nokia has announced suspension of work at its Chennai facility from November 1 after Microsoft terminated an agreement to buy from the unit. This was done as tax authorities have frozen assets of telecom giant in India due to a tax dispute that prevents Nokia from transferring the unit to a successor. About 600 employees are still working at Nokia's Chennai facility.
On Tuesday, Yahoo Inc also confirmed that it was downsizing its Bangalore office, which employs roughly 2,000 employees and is Yahoo's largest engineering facility outside California - company has sacked 400 people.
Flash Networks is the global leader of mobile Internet optimization and monetization solutions that enable operators to boost network speed, optimize video and web traffic, and generate over-the-top revenues from the mobile Internet. Sitting at the core of the network, Flash Networks’ Harmony Mobile Internet Services Gateway accelerates LTE networks by up to 50% and reduces web and video traffic data by up to 30%, while providing operators with in-depth traffic analytics and user insights.
In addition, with Harmony, operators can engage with their subscribers by offering an enhanced browsing experience while generating revenues from search, over-the-top content, and targeted advertising.
With offices in North America, Europe, Israel, Latin America, and Asia, Flash Networks serves over one billion subscribers daily and is proud to count among its customers top-tier mobile carriers including Bharti Airtel, Orange, SKT, TIM, T-Mobile, Telefonica, Vodafone, and many more leading carriers.
Why Flash Networks?
Flash Networks has the largest market share in the mobile Internet optimization and monetization market with hundreds of deployments, serving over one billion subscribers worldwide. Flash Networks' technological strength provides mobile operators the best of breed revenue-generating services, mobile data acceleration, and video optimization technologies
Espoo, Finland – Nokia Networks has signed a partnership agreement with Flash Networks to include Flash Networks’ Harmony™ Gateway as part of its mobile broadband core network offering. The market leading solution enables operators to optimize video and web traffic for an improved user experience, including faster web browsing and downloads, smoother video viewing, and content control services.
“Partnering is an essential part of our company strategy to enable business growth for all the players in the market. We see an exciting partnering opportunity with Flash Networks to extend the ecosystem and grow beyond our current mobile broadband portfolio,” says Thorsten Robrecht, vice president at Nokia Networks. “With the addition of Flash Networks’ offerings into our mobile broadband portfolio, we create a significant value-add and enable mobile operators to maintain a competitive edge by providing the fastest network possible while handling the dynamic growth in mobile data.”We are delighted to team up with Nokia to improve the mobile internet user experience,” says Ran Fridman, senior vice president of worldwide sales at Flash Networks. “Thanks to the partnership we will be able to expand our market reach while helping operators improve their network performance in a cost effective way by better utilizing their existing network capacity.”
The Harmony optimization solution from Flash Networks improves average mobile access speeds by 50 percent while keeping video stalling to a minimum and reducing network load by 30 percent. It provides operators with a more cost-effective architecture for 4G and 3G networks by providing them with more bandwidth management flexibility combined with Nokia Networks’ planning and optimization expertise in mobile broadband.
With this agreement, which is part of Nokia Networks partnering strategy, the company will continue to strengthen development and innovation efforts for meeting the market demands and delivering the solutions of the future.
Dubai, UAE – du, the Middle East region’s fastest growing telecommunications service provider, successfully achieved Voice over LTE (VoLTE) functionality in its live network recently, thanks to Nokia’s VoLTE solution and Professional Services. With the implementation of this solution, VoLTE compatible handsets successfully connected high-definition (HD) voice calls with faster call setup time, in just 1-2 seconds, while simultaneously accessing ultra-fast 4G data services over the LTE* network.
Nokia’s VoLTE solution based on its IMS (IP Multimedia Subsystem) successfully enabled VoLTE functionality in a most complex multi-vendor LTE network. The key to a successful voice service implementation in LTE network is the ability to execute a verified end-to-end VoLTE solution. Nokia’s VoLTE experts designed, tested and integrated VoLTE into du’s multi-vendor LTE network and achieved this Middle East-first VoLTE implementation in just 80 days, marking this as the world’s fastest implementation.Recent tests in Nokia Networks Smart Labs show that VoLTE clients are network friendlier than other clients as overall data volume consumed over a period of time show significantly lower consumption for VoLTE, thanks to its more efficient behavior during stand-by mode. VoLTE clients also consume less smartphone battery compared to other clients and put less signalling load on networks. With VoLTE, mobile operators have a powerful tool to compete with OTT players.
“With Nokia’s VoLTE solution, we will be able to use the full potential of LTE mobile broadband technology by ensuring seamless HD voice calls and video over our LTE network,” said Saleem Al Balooshi, Executive Vice President, Network Development and Operations, du. “We are committed to providing the best mobile broadband experience for our customers, and this has been reconfirmed with this fastest installation and testing of VoLTE services. With our longtime partner Nokia Networks, we will soon be able to provide HD multimedia services including browser-based apps for video conferencing, chat, file sharing and other services for our customers.”This achievement underlines our commitment to help du in its initiatives to provide the best VoLTE service experience for its customers, and it further strengthens our continued partnership,” said Tony Awad, head of du customer team at Nokia Networks. “With its higher spectral efficiency, VoLTE will free up capacity for voice and data services for a better overall customer experience and more efficient use of network resources. In addition, it will reduce operating costs for the operator by enabling network simplification. du will also be able to integrate network resources, optimize network and service management, and simplify service delivery by providing voice and data services on the same LTE network.”
For this project, Nokia’s VoLTE solution consisting of its Liquid Core based IMS was supplied while its Professional Services carried out the network planning and optimization, smooth system integration, and network implementation in the complex multi-vendor environment. In addition, Nokia Networks provided LTE radio access to du’s commercial network.