How do you explain how according to you HERE is non factor in autos but yet HERE is in 4 out of every 5 cars manufactured today worldwide?
Texas, Risto Siilasma made the deal with Microsoft and Siilasma is still working hard at making sure the Acatel buyout is worth the effort.
There was less risk with Nokia before the ALU announcement. In a weird way this new risk might be what Nokia needs to go up, but some people wish to choose were and when they decide to pay for risks and so they don't like Nokia making that choice for them. Risk takers can also be profit makers.
But I don't think this new venture is as risky as Nokia use to be 3 years ago. So Nokia managed to do well when things were much more difficult. I'm not happy about this tie up either but I'm willing to give this more time to play out, especially with so many positives in the pipeline. As far as selling HERE bet your bottom dollar that Nokia is asking for more than 8 billion dollars, what they will settle for is yet to be determined.
Bloomberg is wrong. Nokia is selling HERE from a position of strength according to Suri and that's all that matters. Going around believing everything you read from everybody outside of management is dangerous to say the least. I understand your concerns because they are also mine but I'm sticking with managements words first and foremost before I make any unnecessary assumptions. End of this month first round of bids will come in and then there may be a second round of bids and possibly a third round of bids.
Maybe the strong Krone and weak Euro may have something to do about weak sales in North America for second quarter in a row and predicting slower US sales for the rest of the year. Hopefully Nokia and Acatel picked up some of their losses. We know cap ex is down in US but Nokia managed to gain last quarter significantly, lets hope that trend continues.
Okay good, but leave the lies on the ALU board because if you try that HERE you will get slapped around. Just saying.
Now I know why Rite Aid stock is taking off. Just think of all the money they will be making just off the nuts on this board alone.
Joshua, your intelligence and honesty is like raid around here. You send all those roaches scrambling with fear and resentment. Too bad for them!
If Nokia can get close to 8 billion dollars for HERE it will make me the investor believe that less distraction to this new venture is better. 100,000 plus employees is what Ericson employs so that number doesn't worry me but add the distraction of HERE with the integration of a troubled ALU and then I'm worried.
But HERE must fetch close to cost or else keep it, like you said what's 6,000 more employees in the scope of things.
Glad to be here and thanks for the round, when Nokia hits $12 I will send you and Mr. coffee a bottle of choice. I've been busy at work lately and no free time in sight, but when I get a chance to read some post yours always makes me smile.
I'm thinking that the task on hand is great, no doubt. So Nokia keeping HERE will spread them way to thin. Your right it's not the money that will save them but selling HERE will give them the ability to totally focus on this new daunting task and the money is security that will also be needed to help pay down debt and save a lot of interest payments that can go to dividends instead.
Smith, I too believe we have time to evaluate this buyout better. But I beginning to think that the key will be to sell HERE. Lets say Nokia sells HERE for 7.5 billion dollars, combine the cash from sale of HERE with ALU's cash on hand and either buy back shares with it or pays off ALU's debt or maybe some of both, then the whole deal becomes instantly better. Remember majority share holders still have to vote on this.
Indeed Fr3nchy, no better way to start the day than knowing what is truth and were it can take you. Good morning to everyone on this thread.
Hey Joshua3xx, thanks for all your informative posts. Your contribution to this board has been priceless. Good luck to you wherever your money goes. I'm going to stick around a bit longer. I've seen strange things happen in this market, just when you think the stock will go up it doesn't and just when you think the stock will go down it goes up. To early for me to decide and still to much good in the pipeline from Samsung, selling of HERE, and sell of factory in India, so I hope.
Definitely a lot of information is missing. Maybe after hours or the next few days the complete details will surface. I'm going to wait for details, digest them and then better understand what is happening. Nokia has made too many very good business decisions as of the past two years to think that they're now going to take on a larger set of risks than they ever had before.