It's not like Nokia shareholders have never experienced a 3% move before. Write it off to the vagaries of Wall Street and not as the beginning of something more sinister. Longs should ask themselves if anything fundamental has changed in the last week with Nokia. The answer is that some (overhyped) uncertainty with China blocking the Microsoft deal has been removed - good - and that it was reported today that Nokia devices' sales have slid - bad. Neither is earth-shattering, especially since handset sales are about to become Microsoft's problem. Overall, nothing has changed for the worse at Nokia.
$8.20 is a long ways away now, and without a significant catalyst it appears unreachable in the short term. Really, it's up to Here Maps and NSN to outperform expectations now. Wall Street sees most patent settlement deals coming a long way off so I doubt revenue from IP will outperform expectations.
This tells me it was a great time for Nokia to exit the handset business. Anybody that wants the deal called off is nuts.
And Microsoft was downgraded because of a "slide in sales of Nokia devices."
WP continues to fight the same headwinds it's been feeling all along. Nokia's designs are gorgeous. New models enjoy a strong opening when launched but then fade as consumers continue to go with iOS and Android. Microsoft just can't break through and get consumers onboard.
He raises a salient point in his own way. With all the speculation about excess cash from the Microsoft deal being returned to shareholders, this tax dispute with India is likely to have a material impact on the amount. It also throws the timing of any return of excess cash into question. Nokia will have to wait for a full resolution of the tax dispute before they can even think about returning cash or paying any kind of a regular dividend.
Oh boy, what's going on with me? I had the Lumia 928 and was pleasantly surprised by the usability of WP8. The phone was a bit large and there were some aesthetic choices with the Metro UI that left me scratching my head, but overall it was nice for such a large phone. BlackBerry has been my longest love in mobile and I've been going back and forth to other platforms. Somehow I always ended up back with BlackBerry though. Well, I'm finally over my crackberry addiction. My iPhone does what I want but I've never been so enthusiastic about it. It works, so I keep it. But now I'm getting the itch to try a Nokia Icon and WP8.1. Oy vey.
That could really cut into that "excess cash" some folks are hoping will be returned to shareholders. Ouch!!
The Galaxy S5 is said to have insanely great battery life, using what amounts to a tablet battery. According to at least two tech blogs it's sold several million units already. And it's rootable. The folks at xda developers have a program already to root the GS5 so users can remove Touch Wiz and carrier bloatware.
That's how I remember it. The whole shebang went to Microsoft. Nokia retained the patents and struck a sweetheart deal with Microsoft to license them the technology for something like 5 years. Plus Microsoft gets to make "Lumia" phones for a while.
I was under the impression Microsoft paid for a license because they wanted to use the Lumia trademark, at least for a while, and for the use of IP. But R&D went to Microsoft as part of the D&S division.
Their flagship stores in the U.S. were impressive. They even had entire floors for the Vertu line. But alas, North America just didn't embrace the Nokia brand to the point that these stores were profitable. So now that D&S is about to go to Microsoft and Vertu is long gone, what will Nokia sell at these stores?
I'm constantly astounded at Wall Street's knee-jerk reactions to stories I assume are already priced into a stock. It seems to me that the pop we got one day last week when China blessed the Microsoft deal was all we will get from this deal, but I've been wrong so often I have to believe it's 50/50 whether we get another one or not on the announcement of the deal officially closing.
My history with Nokia is well documented. I was a huge fanboy back in the days of Symbian. I've been long, I've been short. I am able to separate my feelings for the company from my feelings for the stock of that company, something folks like you appear incapable of doing.
Also, I don't take ANYthing on this message board to heart. My identity is not tied to the opinions of internet strangers. I enjoy a spirited debate, and I'm not above poking fun at the weak-minded here. They came here willingly, said stupid things, and got a little verbal smack down for their troubles. It's all just good entertainment. Watching folks like you invent elaborate conspiracy theories rather than face simple reality can be a hoot. Oh, the lengths you will go to to make the world fit your skewed perceptions!
Cortana is still in beta. Microsoft has the advantage of seeing Siri and Google Now, learning from the mistakes of them, and possibly putting out a game-changing product.
I think Dr. Strangelove, my all-time favorite movie, was Sellers' opus. 3 parts, all of them exceptional.
"Mandrake! Feed me Mandrake!!" - General Jack D. Ripper (Sterling Hayden)