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Seppo Sahrakorpi  

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  • Nokia's Under-Performance Is Temporary [View article]
    My guestimate is ~$2 per device, resulting to ~$2 upside per share...for details, please see my old write up here:
    Nov 18, 2015. 11:34 AM | 1 Like Like |Link to Comment
  • The Most Important Data From Nokia's Third Quarter Regarding Alcatel-Lucent [View article]
    Nokia has been clearly emphasizing that it is not a merger, it is an acquisition by Nokia, and Nokia will be in charge.

    Currently Nokia guides that the deal should close by the end of Q1 2016.
    Nov 10, 2015. 09:20 PM | Likes Like |Link to Comment
  • Microsoft reduces OneDrive storage options [View news story]
    Per the blog post "...In some instances, this exceeded 75 TB per user or 14,000 times the average...", which translates to roughly 5.4 GB per user on average.

    Of course average is a poor number to describe usage statistics (median would be a bit more descriptive number) of data that has wide and non-Gaussian distribution, in other words, one needs many 'less than 5GB' users to compensate for a few 1TB users. In any case, the ~5GB average per user implies that there is huge number of users that are below 5GB and are not immediately affected by this.
    Nov 3, 2015. 08:20 AM | Likes Like |Link to Comment
  • Nokia shoots higher on capital return plan [View news story]
    I would assume you have to report such dividend income as any other dividend income in your Roth IRA. But you should contact your broker for details.

    The real pain though is the foreign holding tax. I have Nokia ADR (ticker NYSE:NOK) shares and Nokia being a Finnish company, the Finnish government holds back 30% of the dividends :( Getting some portion of the foreign holding back is a painful bureaucratic process, and not even worth it or possible for small amounts. The details are dependent on the bilateral tax treaty between the two countries, the US and Finland in my case. So if for example the tax treaty says that the tax rate should be 20%, you can get 10% of the withholding back after filing all the paperwork.

    For foreign tax withholding, the best resource for information per my experience is to contact the issuer/manager of said ADRs in US (i.e. not your broker). In Nokia's case this is Citi. I got a very quick, detailed, and professional reply from them to my specific question.
    Nov 1, 2015. 08:36 PM | Likes Like |Link to Comment
  • Microsoft up 7.6% on FQ1 beat; server/Azure segment a strong point [View news story]
    Very nice! in AH a new all time high since ~April 2000. And good momentum still, i.e. this is not just one time thing rather than part of succesfull on-going transformation with more upside.
    Oct 22, 2015. 06:04 PM | 2 Likes Like |Link to Comment
  • Vringo buys wireless charging firm, rugged computer maker; shares +31.2% [View news story]


    One day we may conclude that today's patent market difficulties were very good news for many NPEs
    Oct 19, 2015. 12:26 AM | Likes Like |Link to Comment
  • Vringo buys wireless charging firm, rugged computer maker; shares +31.2% [View news story]
    IDG created $7M in revenue in 2014, but no word about actual profits. That's what Vringo needs ASAP.

    The wireless charging thingy is just some new invention, founded in 2014. So that's all just future potential/opportunities, i.e. non-material today. The Group Mobile business seems to be for real, creating actual revenue.

    See the presentation here:
    Oct 16, 2015. 09:59 AM | 4 Likes Like |Link to Comment
  • Cray Launches EMEA Research Lab Expanding Its Presence in the European HPC Ecosystem [View article]
    Good move. Hopefully giving Bull a run :)
    Oct 13, 2015. 09:19 AM | Likes Like |Link to Comment
  • Why Nokia's Licensing Revenue Growth Can Accelerate Going Forward [View article]
    The article forgot to mention the forthcoming Samsung deal (currently in binding arbitration, due end of 2015).

    My estimate is that this could be worth ~$2+ per share. For details, please see here:
    Oct 9, 2015. 09:26 AM | 9 Likes Like |Link to Comment
  • VIX Index Weekly Forecast Updates Coming [View article]
    Thank you. Great read and summary. I am looking forward to the follow-up.
    Oct 7, 2015. 10:11 PM | Likes Like |Link to Comment
  • Nokia execs to rule leadership team following Alcatel deal [View news story]
    Also, in the Reuters article:

    Alcatel-Lucent said on Tuesday it will not sell its undersea cables unit...
    Oct 7, 2015. 07:57 AM | 4 Likes Like |Link to Comment
  • Nokia execs to rule leadership team following Alcatel deal [View news story]
    This press release has also the new org structure:

    After the closing of the exchange offer, the Networks business would be conducted through four business groups: Mobile Networks, Fixed Networks, Applications & Analytics and IP/Optical Networks. These business groups would provide an end-to-end portfolio of products, software and services to enable the combined company to deliver the next generation of leading networks solutions and services to customers. Alongside these, Nokia Technologies would continue to operate as a separate business group. Each business group would have strategic, operational and financial responsibility for its portfolio and would be fully accountable for meeting its targets. The four Networks business groups would have a common Integration and Transformation Office to drive synergies and to lead integration activities. The business group leaders would report directly to Nokia's President and Chief Executive Officer:...
    Oct 7, 2015. 07:55 AM | 4 Likes Like |Link to Comment
  • Porsche Sep. U.S. sales: +22.7% [View news story]
    Yes, and this (and in China) is where the money is for VLKAY
    Oct 1, 2015. 05:39 PM | 1 Like Like |Link to Comment
  • Volkswagen: It's Prudent To Scale Into A Long Position [View article]
    Sep 30, 2015. 12:17 PM | 1 Like Like |Link to Comment
  • Volkswagen: It's Prudent To Scale Into A Long Position [View article]
    Thanks. Good news all over in that WSJ piece for VLKAY longs...

    PS: If one does not have a WSJ subscription, copy-paste the title to Google search, and click the link. THe article will be freely available that way.
    Sep 30, 2015. 09:58 AM | 1 Like Like |Link to Comment