They wont be proposed until the deal closes. Big difference. Any div reinstatement will of course need approval.
Nothing has changed at all other than share price.
ah, my mistake.. got on the call late. if that was Timo, he should NOT be considered for CEO...
nevertheless, I couldn't be more bullish on the company! tremendous assets to monetize, just need the right gameplan to unlock.
my read is mgmt. is downplaying their true intent to pursue patent infringement due to regulatory concern over their strategy.
NSN is in great shape, profitable with strategy to gain market share that is working
Suri mentioned excess debt, which may indicate they intend to put out a tender offer to pay down a chunk of those outstanding obligations with the cash
Suri mentioned "long term return to investment grade" through earnings performance... translation: we're not going to let the bond ratings interfere with our desire to pay a big cash dividend in the short term. (Moody's had expressed concern over whether the excess cash would be held to backstop the existing debt rather than pay a div)
HERE - many will disagree, but I feel they should at least spin off HERE into a separate company. Their guidance is disappointing that they will use 2014 as a capital investment period. this means the business will continue to be valued as a capital intensive drag on earnings. If they spin it out I believe it would trade at a valuation of $3billion instead of $1 billion
Analysts will not like the guidance or call in terms of its lack of specificity on the earnings power of IPR, but it may have been necessary to downplay to get past regulatory hurdles of the deal and not raise the ire of competitors.
I feel Suri did a relatively poor job of promoting the new Nokia's earnings power, and that will bring analyst ratings lower in some cases. He just didn't get them anything substantive to model on in terms of the upside of either patents or the mapping business, which I think is a real mistake. But for long term viability of their patent monetization maybe it is prudent to downplay
that guy is an idiot. he didn't even back out the cash from his estimates. how can Seeking alpha allow articles written by people who would fail a basic intro to business course?
looks like the 6000 feb 8's were sold at bid and the 6000 feb 9's were bought at ask...
so the spread trade is bearish on price action staying under 8.00 by feb expiration, but protected by the $9.00 calls so if it does run past they only lose .18
Some action in the april 12 puts.... Very odd. Have to be a seller looking to capture premium as part of a spread trade right?
Last time i saw this was in ARIA the day before the fda brought back their drug... Stock jumped 60%.
Im in the aprils personally
so if Navteq offered to take back the company for the price they received... $8billion, would you turn it down and brag about how your are doing $1.4billion now in sales?
the inequality you mention is not new. There has always been a massive divide. it is human nature, not an economic or judicial system that causes this. I have read a lot of ancient history and when you dive in you can see that the world of today is not much different. but the poor of today's developed societies are nothing like the poor of those days.
today you can walk into an emergency room in any developed world and within an hour be treated with the best antibiotics , equipment, stents, etc.. you can live another day to make a living and do something, vote, start a business. not so prior to the 20th century. try a world where your family name alone determines whether you are a queen or a prostitute for life. even 40 years ago, look at who could not even vote in the US. look at what happened if you had a child before marriage.
ask Henry the VIII's family how 'fair' life was back then... do you think a porter in the house of Henry the VIII got to vote for their country's next leader?
what is the answer? to scrap capitalism? or to try to provide opportunities to a broader base of participants? Imagine if you could develop schools in Africa and Afghanistan without warlords burning them down. that's not economics, its ignorance. many of the billionaires are putting their whole fortunes back into charities, a sign of progress.
I am thankful for the opportunities we have today and the slow progress we have.
go try medieval Europe if you think this world is so bad... people who decry the concept of today's world just don't appreciate a world where you can actually speak your mind and have a life span past 40.
you think in Rome that you would be anything but a slave who is beaten daily?
is that JP?
key phrase here imo
IP business margin would be a focus of investors as this business unit is not yet clearly understood
that is one of the real opportunities within the current stock price here... the pessimist analysts just don't have a sense of the monetization value of the assets. I'm guessing only a couple of the analysts have actually met with mgmt. in the past 3 months.
remember JPM worked on this deal with MSFT and Nokia and has seen ALL THE ASSETS and they are the most bullish as a result.
remains the only stock I own at this point in the bull market fwiw. thanks for posting.