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Thursday, Jan 10
More on Nokia: Thanks partly to lower-than-expected opex and a €50M patent payment from...
More on Nokia: Thanks partly to lower-than-expected opex and a €50M patent payment from RIM, Q4 Devices and Services operating margin now expected be 0%-2%, above guidance of -2% to -10%. Margin for seasonally weak Q1 seen at -6% to +2%. Nokia Siemens sales were €4B (+5% Y/Y) with an op. margin of 13%-15% (lifted by a €30M patent payment), above prior guidance of 4%-12%. Q1 op. margin expected to be -1% to +7%. (PR)