Let's talk a next Thursday to see who is losing money nok vs BABA
That's in the past, wasn't impressing nobody, stock tips are good things but some clowns were too proud. Is that how you saw it or because the clowns are interpreting that way. You are not been sucked into the vacuum, are you?
I see it differently, an opportunity to add to a great stock. Now that you are actually willing to do some work, remind the MB weekly/ monthly vs NOK. That's my challenge to you, we will see who is the dope then
Good luck with NOK, ER was solid but I hope you are not expecting NOK to gap up. Today's numbers were already priced in the PPS because management advertised numbers last quarter. Only EURO strengthening will you see gap up.
Glad you are keeping the score. I love been held accountable. Just an FYI, I bought more BABA, was a rare gift. I truly believe BABA will be 300 dollar stock in the near fear... BABA is head and shoulders better than AMZN. I'm going all in in AAPL,FB,BDSI, Intel....and yesterday I bought ERIC.
And don't forget tracking my energy and airlines.
And will be the only time Ferragu and company will go bullish (upgrade nok to buy) because their underperforming ALU shares will be worth something. GS and Bernstein have been sounding off (this NOK buy ALU thing)
Nokia announced today that Nokia's Board of Directors has approved the Nokia Equity Program 2015. In line with previous years, the Nokia Equity Program 2015 includes the following equity instruments:
-- An Employee Share Purchase Plan for Nokia employees in selected jurisdictions, entitling the eligible employees to contribute a part of their salary to purchase Nokia shares. After a 12-month holding period, Nokia will offer the employees one matching share for every two purchased shares that continue to be held by the employees as at the end of the holding period;
-- Performance Shares, which are dependent on the achievement of independent performance criteria; and
-- Restricted Shares, which are used on a highly limited basis and only in exceptional retention and recruitment circumstances.
Nokia Equity Program 2015
The Nokia Equity Program 2015 is designed to support the participants' focus and alignment with the company's strategy and long-term success. Nokia's use of the Performance Shares as the main long-term incentive vehicle is intended to effectively contribute to the long-term value creation and sustainability of the company and to align the interests of the employees with those of the shareholders. It is also designed to ensure that the overall equity-based compensation is based on performance, while also ensuring the recruitment and retention of talent vital to the future success of Nokia.
As of December 31, 2014, the aggregate maximum dilution effect of Nokia's currently outstanding equity programs, assuming that the Performance Shares would be delivered at maximum level, is approximately 1.37 per cent. The potential maximum effect of the Nokia Equity Program 2015 would additionally be approximately 0.96 per cent, assuming delivery at maximum level for Performance Shares and the delivery of matching shares against the maximum amount of contributions of approximately EUR 30 million under the Employee Share Purchase Plan.
On a regional basis, compared to 2013, Nokia Networks net sales in Latin America decreased 20% primarily due to the
exiting of certain customer contracts and lower network deployments in Brazil, Chile and Mexico. In Europe, net sales
decreased 4% primarily due to lower network deployments in Western Europe, partially offset by higher network
deployments in Eastern Europe. In Asia Pacific, net sales decreased 2% primarily due to lower network deployments in
Japan, partially offset by higher network deployments in India and Korea. In Middle East and Africa, net sales decreased
5% primarily due to lower network deployments. In Greater China, net sales increased 16% primarily due to higher LTE
network deployments. In North America, net sales increased 15% primarily due to LTE network deployments at major
January 29, 2015 at 08:00 (CET +1)
In 2014, Mobile Broadband represented 54% of Nokia Networks net sales, compared to 47% in 2013. In 2014, Global
Services represented 46% of Nokia Networks net sales, compared to 51% in 2013.
Nokia is a company with global operations and net sales derived from various countries and invoiced in various
currencies. Therefore, our business and results from operations are exposed to changes in exchange rates between
the euro, our reporting currency, and other currencies, such as the US dollar, Japanese yen and the Chinese yuan.
The magnitude of foreign exchange exposures changes over time as a function of our net sales and costs in different
markets, as well as the prevalent currencies used for transactions in those markets.
To mitigate the impact of changes in exchange rates on our results, we hedge material net foreign exchange
exposures (net sales less costs in a currency). We hedge forecasted net cash flows typically with up to 12-month
hedging horizon. For the majority of these hedges, hedge accounting is applied to reduce income statement volatility.
In 2014, approximately 30% of Nokia’s continuing operations net sales and approximately 35% of Nokia’s continuing
operations costs were denominated in euro. In 2014, approximately one-third of Nokia’s continuing operations net
sales were denominated in US dollar and approximately 10% each were denominated in Japanese yen, and in
During 2014, the US dollar appreciated against the euro and this had a positive impact on our net sales expressed in
euros. However, the stronger US dollar also contributed to higher cost of sales and operating expenses, as
approximately one-third of our total cost base was in US dollars. In total, before hedging, the appreciation of the US
dollar had a small positive effect on our operating profit in 2014.
During 2014, the Japanese yen depreciated against the euro and this had a negative impact on our net sales
expressed in euros. However, the weaker Japanese yen also contributed to lower cost of sales and operating
expenses, as approximately 5% of Nokia’s continuing operations total costs were denominated in Japanese yen. In
total, before hedging, the depreciation of the Japanese yen had a small negative effect on our operating profit in 2014.
During 2014, the Chinese yuan appreciated against the euro and this had a positive impact on our net sales
expressed in euros. However, the stronger Chinese yuan also contributed to higher cost of sales and operating
expenses, as approximately 10% of Nokia’s continuing operations total costs were denominated in Chinese yuan. In
total, before hedging, the appreciation of the Chinese yuan had a small negative effect on our operating profit in 2014.
For the full year 2014, Nokia’s total cash and other liquid assets decreased by EUR 1 256 million and Nokia’s net cash
and other liquid assets increased by EUR 2 714 million, compared to the end of 2013. The year-on-year decline in
Nokia’s total cash and other liquid assets during 2014 was primarily due to cash outflows from financing related to the
repayment of the approximately EUR 1 500 million Microsoft convertible bonds in conjunction with the sale of
substantially all of the Devices & Services business, the repayment of certain debt facilities totaling EUR 1 750 million
during the first quarter 2014, as well as the redemption of approximately EUR 950 million of Nokia Networks debt
during the second quarter 2014. Additionally, both total cash and other liquid assets and net cash and other liquid
assets were impacted by the drivers listed below.
In 2014, the increase in net cash and other liquid assets was primarily attributable to cash proceeds from the sale of
substantially all of Nokia’s Devices & Services business to Microsoft, as well as net cash flow from operating activities.
This increase was partially offset by the execution of the capital structure optimization program, which included
payment of a dividend and a special dividend, as well as the repurchase of shares. Nokia’s net cash and other liquid
assets was also negatively impacted by cash outflows related to acquisitions and capital expenditures.
Nokia’s cash flow from operating activities for 2014 was EUR 1 275 million. Nokia’s adjusted net profit before changes
in net working capital was EUR 1 214 million in 2014, primarily driven by the strong performance at Nokia Networks.
Nokia’s continuing operations had approximately EUR 320 million of restructuring-related cash outflows in 2014.
Excluding this, Nokia’s continuing operations had cash inflows of approximately EUR 1 690 million related to net
working capital. The primary driver for this was the EUR 1 650 million cash inflow relating to a 10-ye
- Nokia continues to expect Nokia Networks' net sales to grow on a year-on-year basis for the full year 2015.
- Nokia continues to expect Nokia Networks' non-IFRS operating margin for the full year 2015 to be in-line with Nokia
Networks' long-term non-IFRS operating margin range of 8% to 11%.
- Nokia's outlook for Nokia Networks net sales and non-IFRS operating margin is based on expectations regarding a
number of factors, including:
- competitive industry dynamics;
- product and regional mix;
- the timing of major network deployments; and
- expected continued operational improvement.
- Nokia expects Nokia Networks’ net sales and non-IFRS operating margin in the first quarter 2015 to decline
seasonally compared to the fourth quarter 2014. Note that Nokia Networks non-IFRS operating margin benefited
from a relatively high proportion of software sales in the first quarter 2014.
- Nokia continues to expect HERE's net sales to grow on a year-on-year basis for the full year 2015.
- Nokia now expects HERE’s non-IFRS operating margin for the full year 2015 to be between 7% and 12%, based on
HERE’s leading market position, positive industry trends and improved focus on cost efficiency. This compares to
Nokia’s previous outlook for HERE’s non-IFRS operating margin for the full year 2015 to be between 5% and 10%.
- Nokia continues to expect Nokia Technologies' net sales to grow on a year-on-year basis for the full year 2015,
excluding potential amounts related to the expected resolution of our ongoing arbitration with Samsung, which is
expected to be concluded during 2015.
- Nokia continues to expect Nokia Technologies' non-IFRS operating expenses to increase meaningfully on a year-onyear
basis for the full year 2015. More specifically, Nokia expects Nokia Technologies’ quarterly non-IFRS operating
expenses in 2015 to be approximately in-line with the fourth quarter 2014 level. This is related to higher investments
in licensing activities, licensable technolog
Sorry urban..I won't spoil the party..you will not see me post on this MB until May. Let's enjoy the ride and make money. Have a good weekend buddy
The IPs are worth nothing until they are proven to be worth something...can anyone here tell where NOK ranks in IP monetization? I will tell you after the ER because I don't want you panic sale..enjoy the gap up for now
Joshua...just go back to the copy and paste job...you are really good at that. Stay away from the junkies