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Seppo Sahrakorpi  

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  • Forum On The New Nokia - The Future [View instapost]
    Old dog gets no respect :)

    Perhaps some of us are belatedly also starting to get tired with HERE, and its seemingly quite long long term prospects...
    Feb 19, 2015. 11:05 AM | Likes Like |Link to Comment
  • Forum On The New Nokia - The Future [View instapost]
    Nice idea. And we might even get a bidding war between Microsoft and Apple for HERE :)
    Feb 19, 2015. 10:29 AM | Likes Like |Link to Comment
  • Nokia: One Step Closer To A Positive Samsung Settlement? [View article]
    The SEC filing dated 02/13/2015 states that D&C owned 4.8% of Nokia as of 12/31/2014:
    http://nokia.ly/R2JAGz

    Now, as of 12/31/2013 D&C owned 8.5% of Nokia:
    http://bit.ly/1nUdbha

    So, in 2014 D&C reduced its holdings in Nokia from 8.5% to 4.8% of the float.

    There has been no reports and no one knows what D&C has done since 01/01/2015.
    Feb 15, 2015. 11:06 PM | Likes Like |Link to Comment
  • Forum On Nokia, Covering NSN, HERE, IP, And General Discussion. [View instapost]
    Update on Nokia's short interest as of 01/31/2015:

    In NYSE 13M shares (0.35% of the float), and in Helsinki at least 60M shares (1.63% of the float):

    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

    The total short interest at the end of January was thus at least 73M shares (1.98% of the float).

    PS: Note that the NYSE short interest number is the total short interest as reported to SEC, and includes all shorts. The Helsinki short interest number is based on the publicly reported short interest number (as per EU financial legislation), namely including only positions that are larger than 0.5% of the float. With that, the short interest in Helsinki is 'at least' the quoted number above, and likely higher.

    PPS: As of 02/04/2015 Nokia's float has reduced a bit to 3678M shares:
    http://nokia.ly/1z9SQHa
    Feb 13, 2015. 08:55 PM | Likes Like |Link to Comment
  • Notable earnings after Wednesday's close [View news story]
    Check out $GTAT...
    Feb 12, 2015. 10:41 PM | Likes Like |Link to Comment
  • Vringo closes up 30.6% on ZTE settlement hopes [View news story]
    I am not a lawyer, but Vringo's counter motion sounded extremely strong. Sounds like ZTE is getting desperate... :)
    Feb 10, 2015. 10:23 AM | 3 Likes Like |Link to Comment
  • Revisions turn January jobs report into blowout beat [View news story]
    Yellen needed the numbers and she got the numbers...just kidding :)
    Feb 6, 2015. 01:59 PM | Likes Like |Link to Comment
  • THE 1.8% RULE [View instapost]
    Well, today is yet another proof / confirmation why I am out of SVXY until further notice. Or until I have my model tweaked to deal with current macro climate (that looks like 2007+ redux IMO)...
    Feb 6, 2015. 01:57 PM | Likes Like |Link to Comment
  • Update: Ditch Vringo On This Pop [View article]
    @cf In US institutional owners have to report their major stock holdings quarterly. The deadline for reporting is 45 days after the end of the quarter.

    So in this case all we know is that Blackrock owned XX shares of VRNG as of 12/31/2014.

    Whale Wisdom is a good site for reviewing these filings, and the historical trends:
    http://bit.ly/NFllXh
    Feb 3, 2015. 11:08 PM | 2 Likes Like |Link to Comment
  • Update: Nokia - Mixed Quarter But No Reason To Worry [View article]
    Though two years old, this is the best summary I have read:

    Nokia Patent Portfolio An Untapped Goldmine

    http://seekingalpha.co...
    Jan 30, 2015. 02:40 PM | 4 Likes Like |Link to Comment
  • Update: Nokia - Mixed Quarter But No Reason To Worry [View article]
    @BB 0.14 EUR / 6.84 EUR = ~2.05% yield
    Jan 30, 2015. 12:37 PM | 1 Like Like |Link to Comment
  • Update: Nokia - Mixed Quarter But No Reason To Worry [View article]
    The IP part is not a traditional business. Predicting when IP revenue will materialize is simply not possible. Any responsible management simply can not predict that. One can only say that we have these assets and we will try to monetize them. Even regarding value, it is anybody's guess. See e.g. MSFT v Samsung, Apple v everyone, VRNG v. Google. There is agreements, there is breaking/walking out of agreements, there is myriad patent law suits, pretty much random verdicts at different appeal levels, executive interference (pres Obama) etc etc. As investors we just have to live with that. Some are comfortable with that ambiguity some are not. That is perfectly OK.

    From my point of view Nokia has this massive IP portfolio on 2G, 3G, 4G, 5G tech, on fundamentals of modern wireless tech, over 40,000 patents and counting. The management says that they are going to monetize that aggressively. We just saw increased spending in AT group...something will come out from all these efforts. How much and when is anybody's guess.

    But just as an example, by guesstimate has been that Samsung deal could bring $2 per share. And then we have the renewal of the 2011 deal with Apple coming...
    Jan 29, 2015. 12:55 PM | 5 Likes Like |Link to Comment
  • Update: Nokia - Mixed Quarter But No Reason To Worry [View article]
    @DD Bad for the shareholders in the short term, good for Nokia and shareholders in the long term. That seems to be the plan at least...
    Jan 29, 2015. 11:23 AM | 3 Likes Like |Link to Comment
  • Update: Nokia - Mixed Quarter But No Reason To Worry [View article]
    @DD Yep, you have the correct ballpark. 800M EUR over 6.86 EUR SP is roughly 117M shares, which is just a drop in the bucket compared to the float of ~3700M shares...
    Jan 29, 2015. 11:22 AM | Likes Like |Link to Comment
  • Update: Nokia - Mixed Quarter But No Reason To Worry [View article]
    AGM May 5th 2015.

    And we continue to have the share buy back program in place. 800M EUR worth until end of Q2 2016:
    http://seekingalpha.co...
    Jan 29, 2015. 09:54 AM | 3 Likes Like |Link to Comment
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