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blimpsrus2001 229 posts  |  Last Activity: 2 hours 52 minutes ago Member since: Jan 22, 2008
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  • blimpsrus2001 blimpsrus2001 2 hours 52 minutes ago Flag

    Raymond James said Nokia has a STRONG BALANCE SHEET is all I need to hear.

  • blimpsrus2001 by blimpsrus2001 Jul 24, 2014 10:42 AM Flag

    Nokia NOK1V.HE +6.64% is throwing a curveball at the conventional wisdom of the telecoms equipment industry: that fortune favors the big.

    The Finnish company said its equipment business would make operating profit margins at the top of, or slightly above, its 5% to 10% long-term target range in 2014—sending its shares up more than 7% on Thursday.

    That reflects a better-than-expected second quarter in its most important business. After the sale of its handset business to Microsoft, MSFT -0.62% equipment accounts for the bulk of Nokia's operating profits, with maps and patents making up the remainder.

    Related Articles
    Nokia Gets Boost From Sale of Handset Business
    Turning around Nokia's equipment business has been no mean feat in an industry where large research-and-development costs demand scale. Jettisoning unprofitable products and contracts contributed to a 20% slide in sales in Nokia's equipment business since 2011.

    But the company also cut head count by more than a third, boosting operating profit margins well above the 1.6% it managed in 2011. Nokia makes slightly higher gross profit margins than Ericsson ERIC-B.SK +1.39% but on half the sales, notes Barclays. BARC.LN +1.42%

    The snag is that Nokia now trades on 20.8 times forecast 2015 earnings, already a big premium to Ericsson on 15.1 times earnings, based on FactSet estimates.

    True, Nokia's expectation that it can return to sales growth in the equipment business in the second half looks well supported. It has new contracts ramping up from Vodafone, VOD.LN +0.15% U.K. carrier Everything Everywhere, and Sprint S +0.91% in the U.S., notes J.P. Morgan. JPM +0.33%With higher sales, sustaining fatter margins might be possible too. Nokia has found ways of maximizing research and development dollars, like putting more centers in low-cost countries where it gets better productivity. It is also automating more processes, reducing operating expenses.

    But Ericsson, which spends roughly twice as much as Nokia on research and development, has been warming up for a while. After a costly land grab for market share in recent years, Ericsson's sales and gross margins expanded simultaneously in the second quarter, a rare feat of late. Ericsson's group operating profit margins could rise from 10% last year to 15% in 2017, estimates Sanford C. Bernstein.

    To push its shares much higher Nokia needs more crafty pitches up its sleeve

  • JPMorgan analysts believe that Nokia’s IP monetization may see steep boost when it will re-negotiate or refresh its patent licensing deals with Samsung and Apple going forward.

    Nokia’s patent licensing deal with Samsung has expired in 2013 and when Nokia and Samsung renegotiate the deal terms, 2013 will be taken as reference year for calculations. Now as Samsung’s relevant revenue has grown to be 36 times of Nokia’s relevant revenue in 2013, the royalty that Nokia will receive from Samsung will be 36 times of what it received from the earlier deal with Samsung. During the time of inking of earlier deal in 2007, Nokia’s revenue was 2.2 times more than Samsung and thus this time around, Nokia may see much higher royalty out of its deal with Samsung. According to the analysts, even if Nokia gets 20 times of what it used to receive from earlier deal, it is huge!!

    Similarly, Nokia may be able to get huge boost in royalty payment from Apple, when it renegotiates the current deal expiring in 2016. Apple has also gained 20 times in reference revenue as compared to Nokia in 2010.

    Based on the above analysis, JPMorgan has Overweight rating on the Nokia stock with #$%$8 price target.

  • Like to post important info. Canaccord Genuity analyst T. Michael Walkley reiterated a Buy rating and bumped his price target on Nokia (NYSE: NOK) to $11.00 (from $10.50) following meetings with management. Walkley sees several long-term but unappreciated growth drivers.

    Walkley commented, "Last week, we hosted investor meetings with President and CEO, Rajeev Suri, in New York and Executive Vice President, and Group Chief Financial Officer, Timo Ihamuotila, in Boston. With our belief the Networks business is positioned for improving trends throughout 2014 combined with the longer-term potential for higher level, high margin licensing revenue and HERE sales growth, we believe Nokia shares represent an attractive long-term investment. Our meetings focused on management’s strategies and the potential growth and shareholder value creation opportunities for the three business units of Technologies, HERE, and Networks."

    He added, "We believe Nokia’s 2014 guidance for licensing revenue to reach an annual run rate of #$%$600M post the Microsoft transaction includes conservative assumptions for Samsung and other licensees and has the potential to materially increase longer term with the Samsung arbitration ruling in 2015 and new initiatives to monetize patents longer-term driving high-margin growth opportunities. We also anticipate improving sales trends in Networks and potential for strong long-term higher-margin growth from HERE."

    Walkley listed the following investment highlights:

    Post our meetings, we have increased confidence in Nokia’s potential to grow all three business units and generate strong consolidated margins and free cash flow. We believe the Technologies and HERE divisions have multiple long-term growth drivers that could result in strong consolidated earnings growth from these higher margin businesses.
    We anticipate improving Networks sales with solid margins at the higher-end of Nokia’s 5-10% long-term guidance throughout 2014. We believe this combined with the improved balance sheet and increased cash return post the Devices sale should support the share price ahead of potential longer-term re-accelerating earnings growth from HERE and Technologies.

  • This could be a rather difficult fight for Google. Nokia is starting to flex its patent muscles in the mapping arena. And at least some of its patents predate the existence of Google itself, meaning that Google is going to find it difficult to claim priority. The big question will be not about this first case though: it’ll be about what Nokia has in reserve for later on:

    The patent Nokia is asserting in that German lawsuit is EP0766811 on an “electronic navigation system and method”. The patent has a June 1994 priority date, proving that Nokia was working on mapping and navigation software years before Google was even founded.

    Claim 1 covers the following basic concept:

    1. A method of transmitting route directions in a compact form, comprising the steps of:

    (a) generating a first set of maneuver arms for providing a graphical representation of a calculated route to be taken by a vehicle through an intersection and geometric representations of a plurality of segments of roads to be traveled about an intersection along the route, wherein the intersection is an origin, and said representations of each of said plurality of segments of roads starts at the origin and radiates outward to an endpoint Xi, Yi to approximate the angles at which the roads approach the intersection, to depict a first intersection on a display, each maneuver arm of the first set of maneuver arms being represented by at least one endpoint;There’s more at Florian Mueller’s of course.

    That does indeed look like they’re claiming a patent over the electronic method of providing directions from stored maps. And assuming that the patent is valid that would put rather a crimp on Google’s ambitions in this field.

    Mueller goes on to posit that Nokia has many more such patents in reserve: the aim here is to get Google to the negotiating table, not to just claim a fee on this one single patent.

    This is also rather more important to Google than the average patent case (say, over Microsoft’s FAT stack or something). For the real import of maps and all things associated with them is not that we look at maps and this gives Google more time with us, a greater share of our attention. It is, rather, that Google Maps are a crucial part of monetising mobile ads and access. For that positional data is allied with Maps in order to serve up the ads that concern whatever location we are currently in. That’s a very large revenue stream in the future and Nokia would obviously like to get a piece of it: as Google is similarly interested in not letting them have much of it.

    This is more than the usual patent spat given the link between mobile ads, location and maps.

  • Reply to

    if not up 1 buck.......

    by insiderguy_200077 Jul 24, 2014 9:02 AM
    blimpsrus2001 blimpsrus2001 Jul 24, 2014 9:07 AM Flag

    With or without the dividend? :)

  • blimpsrus2001 blimpsrus2001 Jul 24, 2014 7:49 AM Flag

    Kudos

  • Reply to

    NOK for sale...

    by dumitru_98 Jul 23, 2014 9:34 PM
    blimpsrus2001 blimpsrus2001 Jul 23, 2014 9:40 PM Flag

    Sour grapes..Now if you purchased Nokia below 2.00 you would be a happy camper but just another investor who missed the boat.My hefty dividend was nice thank you Nokia :)

  • blimpsrus2001 blimpsrus2001 Jul 23, 2014 5:08 PM Flag

    Talk is cheap

  • It is coming.This could be a rather difficult fight for Google. Nokia is starting to flex its patent muscles in the mapping arena. And at least some of its patents predate the existence of Google itself, meaning that Google is going to find it difficult to claim priority. The big question will be not about this first case though: it’ll be about what Nokia has in reserve for later on:

    The patent Nokia is asserting in that German lawsuit is EP0766811 on an “electronic navigation system and method”. The patent has a June 1994 priority date, proving that Nokia was working on mapping and navigation software years before Google was even founded.

    Claim 1 covers the following basic concept:

    1. A method of transmitting route directions in a compact form, comprising the steps of:

    (a) generating a first set of maneuver arms for providing a graphical representation of a calculated route to be taken by a vehicle through an intersection and geometric representations of a plurality of segments of roads to be traveled about an intersection along the route, wherein the intersection is an origin, and said representations of each of said plurality of segments of roads starts at the origin and radiates outward to an endpoint Xi, Yi to approximate the angles at which the roads approach the intersection, to depict a first intersection on a display, each maneuver arm of the first set of maneuver arms being represented by at least one endpoint;

    There’s more at Florian Mueller’s of course.That does indeed look like they’re claiming a patent over the electronic method of providing directions from stored maps. And assuming that the patent is valid that would put rather a crimp on Google’s ambitions in this field.

    Mueller goes on to posit that Nokia has many more such patents in reserve: the aim here is to get Google to the negotiating table, not to just claim a fee on this one single patent.

    This is also rather more important to Google than the average patent case (say, over Microsoft’s FAT stack or something). For the real import of maps and all things associated with them is not that we look at maps and this gives Google more time with us, a greater share of our attention. It is, rather, that Google Maps are a crucial part of monetising mobile ads and access. For that positional data is allied with Maps in order to serve up the ads that concern whatever location we are currently in. That’s a very large revenue stream in the future and Nokia would obviously like to get a piece of it: as Google is similarly interested in not letting them have much of it.

    This is more than the usual patent spat given the link between mobile ads, location and maps.

  • The news we’re getting about Nokia is really confusing: on the one hand, we hear news about Nokia planning to sell off Nokia House. On the other hand, Nokia’s mapping business seems to be thriving. Seeking Alpha made this interesting list about the company’s latest business partnerships:

    Nokia’s latest business partners are Oracle (ORCL), BMW (BAMXY.PK), Mercedes (DDAIF.PK), Garmin (GRMN) and Hyundai (HYMLF.PK). Nokia’s mapping technology will come in 80-90% of all cars produced globally starting next year. This is an exciting opportunity for the company.An interview with head of location services at Nokia Michael Halbherr clearly indicates that Nokia hopes that maps will have a significant impact on their bottom line:

    Nokia and Google both have advantages to cement their leadership in maps. While Google’s Android is the most popular smartphone operating system, Nokia is the No. 1 seller of cheaper phones in many emerging markets in Asia and Latin America. Nokia sold 83.7 million mobile devices in the second quarter.

    Nokia’s location services are adding users each day and the number of daily transactions for its map products will jump to billions in the next 24 months from tens of millions last year, Halbherr said.

    “Our clear goal is to become the leading location cloud company, with more transactions against location requests than any other player in the market,” he said.

  • Nokia reports its second-quarter earnings on Thursday, July 24, 2014, and the consensus earnings per share estimate is seven cents per share.

    For the fiscal year, analysts are expecting earnings of 31 cents per share. Revenue is projected to be 9% above the year-earlier total of $3.59 billion at $3.91 billion for the quarter. For the year, revenue is expected to come in at $17.43 billion.

    Nokia is a manufacturer of mobile devices, including a range of devices for all major consumer segments. Alcatel-Lucent, also in the communications equipment industry, will report earnings on Thursday, July 31, 2014. Analysts are expecting a loss of two cents per share for Alcatel-Lucent, a wider loss than last year’s loss of eight cents per share. Other companies in the communications equipment industry with upcoming earnings release dates include: Motorola.

  • Reply to

    Lousy Pre - Market Volume...

    by zutkoll8 Jul 23, 2014 9:21 AM
    blimpsrus2001 blimpsrus2001 Jul 23, 2014 9:25 AM Flag

    Investors do not believe in the new Nokia.They will soon enough

  • Reply to

    Incredibly Lucky....continued

    by zutkoll8 Jul 23, 2014 8:53 AM
    blimpsrus2001 blimpsrus2001 Jul 23, 2014 9:17 AM Flag

    No luck on Nokia shareholders I saw this purchase coming a mile away.If you got in 2102 you are sitting pretty.

  • blimpsrus2001 blimpsrus2001 Jul 22, 2014 7:25 PM Flag

    DECEMBER 20, 2013 TechCrunch apparently quoted a first-rate (unnamed) source more than six months ago, which told the popular blog that "Nokia has held off on a suit against Nokia for Google Maps for several years just waiting for the right time to approach with an overall suit covering Android and Maps". Nokia has recently begun to attack Google Maps and Google Navigation in Germany, a filing by Google with the ITC reveals.

    Google will have to sort out patent licensing issues with Nokia at some point. That is also the opinion of an Administrative Law Judge at the ITC, who recently suggested that Google participate in Nokia-HTC settlement talks. At this stage I'm still unaware of a Nokia v. Google lawsuit per se, but if the licensing situation remains unresolved, then I agree with the anonymous source quoted by TechCrunch that such confrontation will be inevitable.

    One of dozens of exhibits to a filing Google made this week with the ITC is a U.S. discovery application (for use in foreign proceedings) that Nokia filed on October 15, 2013 with the United States District Court for the Northern District of California (Google's home court). It states specifically that Nokia filed a new patent lawsuit against HTC in Dusseldorf, Germany, between an earlier U.S. discovery application (filed on August 8, 2013) and that new application, and that this new lawsuits "relates to navigation technology [...] including the use of Google Maps and Google Navigation in HTC devices sold in Germany" (click on the image to enlarge):The patent Nokia is asserting in that German lawsuit is EP0766811 on an "electronic navigation system and method". The patent has a June 1994 priority date, proving that Nokia was working on mapping and navigation software years before Google was even founded.

    Claim 1 covers the following basic concept:

    1. A method of transmitting route directions in a compact form, comprising the steps of:

    (a) generating a first set of maneuver arms for providing a graphical representation of a calculated route to be taken by a vehicle through an intersection and geometric representations of a plurality of segments of roads to be traveled about an intersection along the route, wherein the intersection is an origin, and said representations of each of said plurality of segments of roads starts at the origin and radiates outward to an endpoint Xi, Yi to approximate the angles at which the roads approach the intersection, to depict a first intersection on a display, each maneuver arm of the first set of maneuver arms being represented by at least one endpoint;

    (b) generating a second set of maneuver arms to depict a second intersection on a display, each maneuver arm of the second set of maneuver arms being represented by at least one endpoint;

    (c) comparing the proximity of the first intersection and the second intersection and, if the first intersection and the second intersection are within a predetermined range of each other, combining the first set of maneuver arms with the second set of maneuver arms to produce a combined set of endpoints to depict the first set of maneuver arms and the second set of maneuver arms on a common display; and

    (d) transmitting the combined set of endpoints to a remote unit in electromagnetic form.Nokia obviously has many more patents in this area, and especially patents that have a longer remaining life span. This Dusseldorf action over a patent that will expire relatively soon looks like a warning shot for Google. Nokia is already targeting various Google technologies in many of its lawsuits against HTC. Some of the HTC cases are about hardware patents while others cover Android operating system functionality, features that Android device makers typically add to Android to make their gadgets attractive to consumers, and several Nokia patent assertions prior to this one already related to Google's closed-source Android apps and related services as well as Google's VP8 video codec format.

    In the California discovery case, Nokia is seeking source code and other documents relating to the accused functionalities, i.e., Google Maps and Navigation. Google is probably afraid that such discovery will enable Nokia to develop additional infringement theories to bring more lawsuits.

  • Hang in there.Canaccord Genuity analyst T. Michael Walkley reiterated a Buy rating and bumped his price target on Nokia (NYSE: NOK) to $11.00 (from $10.50) following meetings with management. Walkley sees several long-term but unappreciated growth drivers.

    Walkley commented, "Last week, we hosted investor meetings with President and CEO, Rajeev Suri, in New York and Executive Vice President, and Group Chief Financial Officer, Timo Ihamuotila, in Boston. With our belief the Networks business is positioned for improving trends throughout 2014 combined with the longer-term potential for higher level, high margin licensing revenue and HERE sales growth, we believe Nokia shares represent an attractive long-term investment. Our meetings focused on management’s strategies and the potential growth and shareholder value creation opportunities for the three business units of Technologies, HERE, and Networks."

    He added, "We believe Nokia’s 2014 guidance for licensing revenue to reach an annual run rate of #$%$600M post the Microsoft transaction includes conservative assumptions for Samsung and other licensees and has the potential to materially increase longer term with the Samsung arbitration ruling in 2015 and new initiatives to monetize patents longer-term driving high-margin growth opportunities. We also anticipate improving sales trends in Networks and potential for strong long-term higher-margin growth from HERE."

    Walkley listed the following investment highlights:

    Post our meetings, we have increased confidence in Nokia’s potential to grow all three business units and generate strong consolidated margins and free cash flow. We believe the Technologies and HERE divisions have multiple long-term growth drivers that could result in strong consolidated earnings growth from these higher margin businesses.
    We anticipate improving Networks sales with solid margins at the higher-end of Nokia’s 5-10% long-term guidance throughout 2014. We believe this combined with the improved balance sheet and increased cash return post the Devices sale should support the share price ahead of potential longer-term re-accelerating earnings growth from HERE and Technologies.

  • I remember this all to well,hit head on concrete blocks if he wore a helmet he had a good chance of surviving.Cyclist are approaching this area soon.

  • th its $7.2 billion handset deal with Microsoft officially closing in April, Envision IP reviewed Nokia’s recent US patent application filings to understand its current R&D focus.

    Post the deal with Microsoft, Nokia has emerged as a streamlined company that is centered around three business units:

    (1) Networks (formerly NSN), which is referred to as Mobile Broadband and Global Services. Nokia acquired full ownership of Nokia Siemens Networks in August 2013, shortly before the Microsoft deal was announced a month later in September. The Networks business focuses on products and services for mobile telecommunications and networking infrastructure.

    (2) HERE is Nokia’s mapping and location services business. HERE is a cloud-based mapping platform, and Nokia sells and licenses mapping content, along with navigation and location services to third-parties.

    (3) Technologies is Nokia’s patent licensing unit. While Nokia transferred its design patent portfolio to Microsoft as past of the handset deal, Nokia retained ownership of its utility patent portfolio. We expect Nokia to generate increasing revenues from its Technologies unit as the company is now focusing on licensing and monetizing its immense patent portfolio. By exiting the handset business, the risk of counter-suit is diminished as true Nokia devices exit the marketplace. We believe Nokia is well positioned to aggressively enforce its patents going forward.Regarding its current patenting focus, Envision IP identified 68 published US patent applications* that were filed by Nokia in 2014. The patenting activity strongly mirrors its new business units, as the vast majority of the recent filings are related to its Networks and HERE technologies.38 of these filings are assigned to Nokia Corporation, and relate to internet technologies for personalized content delivery, advertising, and browsing. These filings also include custom map/route generation and location determining technologies. We also identified two filings related to audio hardware for mobile devices.

    The remaining 30 filings are assigned to Nokia Solutions and Networks Oy and Nokia Siemens Networks Oy. These filings relate to mobile telecommunications technologies, and cover various aspects of transmission timing, handoffs, network sharing, and carrier aggregation.

    This brief snapshot of filings from the early part of 2014 indicates that Nokia has shifted away from its handset focus. We did not identify any 2014 filings related to display technologies, device casings and hardware, or physical input technologies. While some recent filings include software-based user interfaces and antenna technologies, these are logically related to Nokia’s existing business lines.

    In summary, it appears that Nokia is continuing its tradition of innovation and patenting its proprietary technologies. The deal with Microsoft has not slowed Nokia’s patenting efforts; it has simply shifted the company’s focus to its new core business lines.

  • blimpsrus2001 blimpsrus2001 Jul 21, 2014 9:45 AM Flag

    If you are investing by what you read you will never make money in the market.Whether they have an agenda or just talking #$%$ take it with a grain of salt.I recall when Nokia was trading under 2.00 I do not think I read one positive article look where we are today.

  • blimpsrus2001 blimpsrus2001 Jul 21, 2014 9:32 AM Flag

    Nokia owns HERE nothing to do with phones.Now the more phones that MSFT sells the better for Nokia since they license out their patents to MSFT and will receive revenue from the phones.Do not post misinformed info mbo47

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