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Seppo Sahrakorpi  

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  • Nokia Finally Selling HERE Maps. Does It Matter To Shareholders? [View article]
    Note also the HERE press release salvo Nokia just spat out:
    http://nokia.ly/1so2TLB
    Jun 23, 2015. 01:04 PM | Likes Like |Link to Comment
  • Nokia Finally Selling HERE Maps. Does It Matter To Shareholders? [View article]
    @wiesje

    See also here:
    http://seekingalpha.co...

    "...if the European automakers lose out to an international group they might appeal to European regulators to potentially halt the sale, because it would affect such a large number of large European companies..."
    Jun 23, 2015. 08:15 AM | 2 Likes Like |Link to Comment
  • Nokia A Step Closer To Becoming A Dominant Player In One Of Its Key Markets [View article]
    At least in my case the 30% tax was Finnish Foreign Withholding Tax. In which case all of this money is sent to Finland.

    In this case, in order to get some of the money back, you need to get Finnish tax form Veroh 6164E, certified by your home country's tax authority (e.g. IRS if you live in the US), and have the form additionally filled out by your broker. You can then work with Citibank (manager of NOK ADR's) to get some of your dividend money back from Finland.

    The actual amount you can get back depends on the tax treaty between Finland and your home country. It could be that e.g. Finns are entitled to collect 15% per the treaty, so you should get 15% back.

    I contacted Citi regarding this and they pointed out the following:

    "...While nothing diminishes you right under the treaty there are a few things that can affect your ability to recover said withholding tax as follows:

    1) What is the value of the 15% difference? Generally claims are subject to a $25 minimum so the excess (15%) tax paid should be greater than $25.
    2) Your broker has to be willing to intervene on your behalf. Many discount brokers do not offer tax reclamation services and without their assistance we cannot process a claim on your behalf.
    3) You are able to secure a Veroh 6164E certified [by your home country's tax authority] for each event or can provide a stand-alone Certificate of Residency issued by the same that matches the year in which the dividend paid.

    I recommend you discuss these options with your broker to determine how you might be able to proceed...."

    See here for more info:
    http://bit.ly/1ci6Lbf
    Jun 22, 2015. 11:41 PM | 2 Likes Like |Link to Comment
  • Nokia confirms plans to design and license phones [View news story]

    Reuters:

    "...Upon being asked whether there were any preferred bidders for the HERE high-definition maps business, Suri told the magazine, "Anybody who can improve the business in the long run is a good buyer." ...

    http://reut.rs/1K1qEQi

    Now, why would Suri prefer such a buyer? Who cares what happens to his/her property when one sells it...He cares, since he is planning to keep a (minority) share, and wants that share to produce profits in the long run.
    Jun 18, 2015. 10:04 PM | 8 Likes Like |Link to Comment
  • Nokia confirms plans to design and license phones [View news story]
    Fundamentally, MSFT bought 95% of WP market share and thus kept WP alive. If they had not, Nokia would have switched to Android on the first possible moment, and WP would probably not exist at all today...

    Now, whether that was worth $7B, that is open for discussion. But as a Nokia shareholder, I am very happy for the bailout... :)
    Jun 18, 2015. 06:33 PM | 19 Likes Like |Link to Comment
  • Why I'm Buying Lenovo And Selling Hewlett-Packard [View article]
    I have LNVGY ADR shares. LNVGF seems to have much lower volume/liquidity.

    Lenovo's Investor Relations tells one to trade LNVGY:
    http://lnv.gy/1BjZfrF
    Jun 17, 2015. 08:33 PM | 1 Like Like |Link to Comment
  • BlackBerry: Ask Yourself 2 Questions [View article]
    Well, the spectacular replacement ratio is due to the small denominator. For whatever reason only 31 BBRY patents expired during the studied timeframe, so of course the replacement rate is huge.

    Having said that, ~3100 new patents or patent applications in 1.5 years since January 2013 is not bad. Although less than Qualcomm or Apple...
    Jun 16, 2015. 09:52 PM | 6 Likes Like |Link to Comment
  • Tesla Is Still Heading The Wrong Way [View article]
    @Paulo Thanks for the tip re: Shareholder questions at Tesla AGM...wow, pretty hilarious and sad at the same time...
    Jun 16, 2015. 07:12 PM | Likes Like |Link to Comment
  • BlackBerry: Ask Yourself 2 Questions [View article]
    Good read, thanks. I think I'll pass this one...
    Jun 16, 2015. 06:18 PM | 2 Likes Like |Link to Comment
  • Nokia Finally Selling HERE Maps. Does It Matter To Shareholders? [View article]
    Skype works very well for me, for all calls between Finland and Canada. But I do not use the desktop or phone apps at all. I have local phone numbers set up at both ends, and people (me or family back in Finland, respectively) can call those local numbers and the calls are then routed over Skype network. Works like a charm, like using a regular phone but only $0.02 per minute, and no need to play with apps or gadgets or lost internet connections...
    Jun 16, 2015. 12:04 PM | 2 Likes Like |Link to Comment
  • Nokia strikes patent licensing deal with LG [View news story]
    1)
    With Samsung deal (announced late 2013) the royalty rates should be decided in arbitration this year. And the rates would then be effective retroactively from the beginning of 2014. So we should see a nice big lump sum payment later this year, and then on going payments.

    I would expect the LG deal to be structured similarly. Retroactive lump sum payment for the period from say June 2015 to the finalizing of the arbitration in 1-2 years, and then on-going payments.

    2)
    I expect this LG deal to add at least $0.30 per share when finalized. For details, please see here:
    http://bit.ly/1IiSIKP
    Jun 16, 2015. 11:53 AM | 3 Likes Like |Link to Comment
  • Nokia Finally Selling HERE Maps. Does It Matter To Shareholders? [View article]
    FierceWireless:

    Report: Alcatel-Lucent CEO Combes to depart for Altice in July

    http://bit.ly/1FMlrqB
    Jun 11, 2015. 03:06 PM | Likes Like |Link to Comment
  • The #1 Stock In The World [View article]
    Re 2008-9, see figure #4 in this SA article by Nathan Buehler:
    http://seekingalpha.co...
    Jun 10, 2015. 08:15 AM | 1 Like Like |Link to Comment
  • BlackBerry briefly spikes on unconfirmed Microsoft rumor [View news story]
    Good to hear from you. I have been pretty busy recently, but have followed your BBRY and Nokia/HERE commentary with a keen eye.

    My quick thoughts here:
    http://seekingalpha.co...
    Jun 9, 2015. 09:53 PM | 2 Likes Like |Link to Comment
  • Nokia Finally Selling HERE Maps. Does It Matter To Shareholders? [View article]
    Sorry about the delay in response, things have been quite hectic in real life recently.

    I have been thinking about the HERE sale a lot but have not come up with solid answer. Fundamentally HERE is still relatively low level mapping provider (where one can ask only so little for individual licenses), and while the new efforts in more advanced (i.e. valuable / higher premium) automotive solutions are interesting, the products are not selling like hot cakes yet.

    So perhaps Suri et all have crunched the numbers and decided to take the money now ($4B seems to be a consensus guestimate at the moment) rather than try to manage the HERE operation for several years and _hopefully_ gain even larger profits. Keeping in mind that HERE needs to make very solid and improved profits for quite a few years for the monies to add up to e.g. the ~$4B available to Nokia here and now.

    Additionally, bringing ALU in will take money and absolute full focus of the management for years to come. So getting rid of HERE makes sense on that aspect as well.

    Fundamentally, Nokia needed to decide what it wants be, and saw more robust long term, and profitable (in absolute terms), albeit perhaps boring, future in networking.
    Jun 9, 2015. 09:50 PM | 2 Likes Like |Link to Comment
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