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More on Nokia (NOK) Q3: net cash from operating activities -€429M vs. €852M a year...
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Thursday, October 18, 2012, 6:32 AM ETMore on Nokia (NOK) Q3: net cash from operating activities -€429M vs. €852M a year earlier. Achieves operating profit (non-IFRS) of €78M vs. loss of €327M a year earlier. Gross cash of €8.8B and net cash of €3.6B. Lumia volumes fall Q/Q to 2.9M ahead of launch of W8 devices. Overall mobile volumes increase to 76.6M from 73.5M, boosted by Asha phones. (PR)
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Smart devices will return to profitability when Lumia 920/820/810 Hits the world markets.
Disclosure: I do not hold NOK stock, I hold APPL and sold GOOG in September. I also hold ARMH.
Now look for a sale of the Nokia Siemens Networks division for a further boost to the share price.
But thing is fading right now..
Pre-market up trend gone..
it looks like a "long-squeeze" right now