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Seppo Sahrakorpi
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PhD in Computational Physics. Developing new models for stock trading. Predicting future accurately enough for trading purposes is surprisingly difficult, but it can be done. Contrarian investment philosophy. I am in particular interested in undervalued technology stocks with multiple x upside... More
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  • Forum On Nokia, Covering NSN, HERE, IP, And General Discussion. 362 comments
    Feb 5, 2013 8:11 PM | about stocks: NOK

    Discussion 'forum' related to Nokia-Siemens Networks (NSN), Location services (Navteq/HERE), Patent portfolio and services (NYSE:IP), and for general discussion.

    The forum for discussing Nokia's mobile devices (smartphones, feature phones, and tablets etc), please see here.

    For earlier discussion (January 2013), please see the thread here.

    Disclosure: I am long NOK.

    Stocks: NOK
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  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    Navteq homepage (HERE) http://www.navteq.com

     

    NSN homepage http://bit.ly/WNydll
    5 Feb 2013, 09:49 PM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    Thx Seppo, easier to follow :)

     

    Someone thought about the currency fluctuation USD / EUR and the effect for Q1 numbers ? At sample lets assume NOK get 375 USD / Lumia 920 that was in Q4 arround 300 EUR, in Q1 its more 280-290 EUR.

     

    There are also positive effects for the parts that they buy in USD, but i think overall the effect is negative for a european company.
    6 Feb 2013, 04:06 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Article on Kauppalehti about the Indian tax issue, Bloomberg says that India is sticking to its guns, and that lower level tax people and politicians are driving opposite agendas:
    http://bit.ly/XViHA7
    6 Feb 2013, 07:20 AM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    Local tax officials are behind the demands of 1.3billion euros??? which is to be paid in full by the end of March. At the same time India's Minister of Finance tells the world that all is well and the doors are wide open for future business. LoL

     

    Local pan handlers vs. corrupted Bureaucracy. What a mess! Vodafone got out of it, surely Nokia will find a way or say goodbye to India's business rapport. Godspeed Nokia.
    6 Feb 2013, 07:55 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Basically there is a high level demand for 15% increase in taxes collected for this FY. The deadline for the FY is end of March. So these local tax authorities go fishing, do audits, and file exorbitant reports, and then create leaks how they are going collect $2.3B by the end of March. Basically trying to save their jobs, and keep the bosses happy.

     

    While at the same time the ministers travel the world trying to pull new multinational business to India.

     

    I expect a long court case, if not a quicker settlement by politicians earlier.

     

    I have come to a conclusion that this is not so relevant for Nokia's bottomline but will act as a downward pressure (and hopefully upward once resolved) to the SP as markets (and me last week :) ) react to rumors.
    6 Feb 2013, 08:18 AM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    This whole fiasco reminds me of the game Cricket. A game which I don't quite understand the rules, but provides great entertainment.

     

    Thanks for clarifying the matter Seppo. Cheers :)
    6 Feb 2013, 08:50 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Another article, this time in Talous sanomat:
    http://bit.ly/VUsUPB
    6 Feb 2013, 08:50 AM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    It's a very questionable and contradicting matter, but with your tax season explanation adds a bit (just a bit) of peace of mind :)

     

    Although, you never know. A manipulative genius must've constructed this fiasco, carefully connecting certain macroeconomic events together(e.g. dividend waived, short stock interest, etc, etc) and then composing a melodramatic symphony to plague investor emotions or maybe not. It's a nonevent :P

     

    6 Feb 2013, 09:12 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » This the Reuters story on Shell and Indian taxes, and their 15% increase in collections goal:
    http://yhoo.it/VJDT1S
    7 Feb 2013, 07:19 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    HTC Likely To Settle Power Optimisation Patent Case Against Nokia / HTC doesn’t deny it used a battery-related patent without a license
    http://bit.ly/XNRD7y
    6 Feb 2013, 09:24 AM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    Thank you for creating this forum Seppo!

     

    It`s going to be fun keeping the posts covering the different topics in their proper forums. :-)
    6 Feb 2013, 05:18 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Bookmarking the must read Nokia patent portfolio SA article here:

     

    Nokia Patent Portfolio An Untapped Goldmine by brnichols

     

    http://seekingalpha.co...
    6 Feb 2013, 11:04 PM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    Tanzania: Vodacom, Nokia Siemens Trial 4G LTE http://bit.ly/VFnhCX

     

    "Vodacom Tanzania recently conducted a 4G (LTE - long term evolution) trial in Dar Es Salaam using Nokia Siemens Networks' Single RAN (radio access network) and Liquid Core* technology."

     

    "In addition, the trial used Nokia Siemens Networks' Circuit Switched FallBack (CSFB)** voice call system enabling LTE mobile phones to fallback to GSM and 3G networks for voice calls. With this successful trial, Vodacom Tanzania is now in a perfect position to launch super fast 4G mobile broadband services in Tanzania."
    7 Feb 2013, 12:18 AM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    Siemens, Nokia Talks Said to Intensify to End Equipment Venture
    http://bloom.bg/XqgCMu

     

    Is it a Nokia Takeover or IPO venture for 2014?
    7 Feb 2013, 07:43 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    http://bloom.bg/XqgCMu

     

    One scenario under discussion for Nokia Siemens Networks is a
    joint buyout of Siemens’s 50 percent stake by Nokia and a strategic partner such as Alcatel-Lucent SA, which has held exploratory talks over a deal, said the people, who asked not to be identified because the matter is private. Discussions have accelerated as a shareholder agreement comes up for renewal in April and as Alcatel-Lucent prepares for the departure of its chief executive officer, they said.

     

    Siemens has repeatedly said it wants to get out of the venture, which has an enterprise value of as much as 10 billion euros ($13.6 billion), according to estimates by Aalandsbanken analyst Lars Soederfjell. Nokia Siemens and competitors such as Alcatel-Lucent have struggled with sputtering demand and losses as competition from Chinese rivals has intensified and Europe’s phone carriers have curbed spending on equipment.

     

    “It’s hard to say what will happen to NSN, but in the end it won’t be in the hands of either Nokia or Siemens,” said Robert Jakobsen, an analyst at Jyske Bank A/S in Denmark.
    7 Feb 2013, 08:04 AM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    A possible IPO!
    7 Feb 2013, 08:06 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    Nokia Profit Spurs Biggest Sale of Structured Notes in 14 Years http://bloom.bg/YeWUnK

     

    “Nokia is always a popular name for structured notes, but the company’s positive results in January led to exceptional demand,” said Antti Parviainen, Helsinki-based head of investment products for Finland at Nordea.

     

    ING sold 10 million euros ($13.5 million) of five-year credit-linked notes linked to Nokia in two offerings on Jan. 31, paying 6 percent and 6.5 percent. Nordea raised 20 million euros by selling two notes linked to the company in the month. It also raised another 10 million euros from a security tied to the debt of five European corporates including Nokia, Bloomberg data show.

     

    Citigroup Warrants
    Citigroup issued 574 securities in January tied to Nokia. They included put warrants where buyers profit if shares drop as low as 2.4 euros, and call warrants, which benefit from a rise in the share price, according to Bloomberg data. Nokia was at 3.04 euros at 10:35 a.m. in Helsinki
    8 Feb 2013, 06:18 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Kauppalehti "Indian businesses are worried about chasing away foreign companies and investment" http://bit.ly/Yd7P2o
    13 Feb 2013, 09:49 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Economic Times "MNCs like $NOK and Shell lash out at 'unacceptable' tax demand" in India http://bit.ly/12LBVjw
    13 Feb 2013, 09:50 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Two nice institutional 'endorsements' for Nokia:

     

    Dodge & Cox have increased their $NOK holdings from 83M (on 09/31/2012) to 98M (2.6% of Nokia) shares (on 12/31/2012)
    http://bit.ly/UGNcca#

     

    Capital Research Global Investors now owns 82M (2.2% of) $NOK shares, 256% increase from the 23M shares on 09/31/12 http://bit.ly/MfwTFo
    13 Feb 2013, 03:50 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Regarding Cap Research, I stand corrected, NYSE holdings seem to be the same, and it is the Helsinki shares that have changed. I am not 100% sure, but it looks like they held 173M shares a year ago in Helsinki http://bit.ly/12OmoiJ and now 59M shares in Helsinki http://bit.ly/XOOXa8
    14 Feb 2013, 10:12 AM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    Seppo, good work!
    13 Feb 2013, 05:01 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Yet another SEC filing:

     

    Wow, Dodge&Cox in fact now own 6.4% of $NOK !!! 98M shares in NYSE, and 143M in Helsinki http://bit.ly/MfwTFo

     

    They are getting real for...something, who knows what
    13 Feb 2013, 06:50 PM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    Seppo: do you think it is possible Dodge & Cox loans out those shares short temporarily in its master and will one day recall them at a fixed event/date?
    13 Feb 2013, 08:16 PM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    Seppo, I don`t expect you to do all the work, but what do you know about Dodge & Cox, i.e history & investment philosophy?
    13 Feb 2013, 08:21 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » D&C went from 0 shares in Helsinki on 12/31/2012 to 143M shares yesterday http://bit.ly/10pmmOy
    13 Feb 2013, 09:16 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Looks to me that D&C simply holds the shares in its International Fund, i.e. a true long position:

     

    "...Among the Fund’s holdings in the Information Technology sector, there are a handful of investments marked by high uncertainty
    and a wide range of potential investment outcomes. As a result, these companies are trading at exceptionally low valuations. For example,
    Nokia, a 1.3% position in the Fund, traded at 0.3 times sales and 2.6 times R&D spending at year end. Nokia is the world’s second largest
    manufacturer of mobile telephones with sales in more than 150 countries. We acknowledge that the company is facing serious headwinds
    and has lost market share in mobile devices due to fierce competition and a lack of smartphone offerings; investors are understandably
    skeptical about Nokia’s prospects. However, there is also evidence that Nokia has long-term investment merit. First, the management team
    has a strong sense of urgency and understands change needs to occur. They are implementing a restructuring plan designed to improve
    revenue growth, profitability, and free cash flow generation. Second, Nokia has partnered with Microsoft to use the Windows Mobile
    operating system, which should help Nokia compete more effectively in the high-end smartphone market. Third, we believe Nokia has
    sufficient resources to bridge the company’s long-term transition..."

     

    http://bit.ly/VVFkVA
    13 Feb 2013, 09:25 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Wow, wow, and wow, things are getting hot around $NOK. The short interest in NYSE is now at all time high, 340M shares, 9.1% of all shares

     

    http://bit.ly/XAAE79
    13 Feb 2013, 07:14 PM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    Wow, 340 millions shares to buy back if they are wrong. Its a ticking bomb, cutting the wrong wire will be explosive for both longs and shorts. Although it depends how far you are from the explosion if you'll be negatively or positively affected ;)
    13 Feb 2013, 09:29 PM Reply Like
  • ylseekingalpha
    , contributor
    Comments (107) | Send Message
     
    kiitos paljon hyödyllistä tietoa!
    Seems that D&C does not care about the Indian tax matter.
    14 Feb 2013, 12:11 AM Reply Like
  • easypickens
    , contributor
    Comments (143) | Send Message
     
    I would not put too much emphasis on the short position. First off there are only 275m adr shares of nokia trading in the us, so this would represent more than 100% of the shares shorted. It is common practice to short on one exchange and buy on another, so we do not know the true extent of a short position. The second thing is there are millions of call options outstanding over the next two years, so these could have been purchased to cover short positions.
    17 Feb 2013, 08:01 PM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    Look at the Whale Wisdom website for the period ending 12/31/2012, at the last column entitled Change in Shares. Click on the heading to get the biggest buyers and then sellers and you will get pleasant info.

     

    http://bit.ly/UGNcca#
    14 Feb 2013, 10:00 AM Reply Like
  • ylseekingalpha
    , contributor
    Comments (107) | Send Message
     
    Thanks for the link, Charles. But I guess the most important changes were made in Jan 2013 when the Indian tax issue appeared and the Q4 results released.
    14 Feb 2013, 10:38 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    Rumor: Nokia Planning To Drop Samsung As Its Components Supplier http://shar.es/YwZqh via @sharethis

     

    "An individual familiar with Nokia’s component orders from Samsung states that Samsung has, “a record of getting orders for next-gen components, then canceling the orders. And then they show up in a Samsung phone. When you see a Samsung ‘bendy’ OLED phone, as you surely will, you are looking at something that was stolen from Nokia.”
    14 Feb 2013, 12:15 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Interesting, thanks. I was wondering about Samsung's bendable phone when it was advertised a short time ago, as I remember Nokia demoing that several years ago...
    14 Feb 2013, 12:36 PM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    Interesting article:

     

    Nokia Drive Vs Google Maps. Do We Have A Winner?

     

    http://bit.ly/VhyK12

     

    Guess who's the winner?
    14 Feb 2013, 04:39 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Morgan Stanley has sold all of its 33M $NOK shares on or before 12/31/2012 http://bit.ly/UGNcca#
    14 Feb 2013, 08:20 PM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    Hmm. Some buy more, some sell. Just goes to show that when the human species is involved, everyone has an opinion that they will not change easily. Still, it would be interesting to locate an interview with MS that talks about their decision.
    14 Feb 2013, 08:53 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Sorry, I honestly do not know what is going on with Whale Watch site I use. Last night the number was 0 shares, now they report MS owning 36M shares, up by 3M.
    15 Feb 2013, 09:44 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » The leading Finnish financial newspaper, Kauppalehti, interviewed KPMG's "leading Indian tax expert" Girish Vanvari and he says that the Indian tax authorities are very likely to fight the tax claims tooth and nail in the courts. The legal system is very slow, and the case could drag on even for 25 years. The tax authorities do not care about time or legal costs and even a small victory will be something for them.

     

    http://bit.ly/Wsmjfx
    14 Feb 2013, 08:28 PM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    Seppo: I'm in no hurry for the issue to be resolved. Let it take 25 years and then India can have a small $100 M victory.
    14 Feb 2013, 08:51 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Goldman Sachs has sold 7M $NOK shares and still owns 109M as of 12/31/2012 http://bit.ly/UGNcca#
    15 Feb 2013, 09:43 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Here's some innovation again: Solar-charging phone screens may be coming to a $NOK handset this autumn, upping battery life by 20% http://bit.ly/Xe10ga
    15 Feb 2013, 12:03 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Heh I was wondering when someone would think of solar powered phones.
    I did a TON of research the last 2 days, and it appears that the only system on the 920 that cannot be subbed out is that Ultra sensitive Touchscreen. Nokia didn't lock in adequate assembly lines for it as the factory reportedly wanted payment in advance from Nokia as they had millions of orders from others for a less expensive screen to fill first. It seems the screens cannot be made by Sharpe because they were locked up by Apple. That is what saved Sharpe from Bankruptcy. I cannot find out who is making the screens though.
    18 Feb 2013, 03:59 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    @OldWarrior:

     

    You can start investigating them for us: "Synaptics" SANTA CLARA, Calif. – Sept. 5, 2012 – Synaptics Inc. (NASDAQ: SYNA) Introduces Advanced Touch Experience in Nokia Lumia 920 and Nokia Lumia 820. (tell'em we said "tighten up") ;-)

     

    http://bit.ly/YtoMG1

     

    Who puts it together and where?
    18 Feb 2013, 11:09 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    @ewmpsi
    Nokia has a lot of factories in India now, and is closing many European plants. Nokia isn't saying where the 920 is assembled as yet to my knowledge. The Vietnamese Factory will reportedly be low end phones and wont open until late 2013 from last reports.(I think in this same article below)
    My research today came from an SA article http://bit.ly/ZqDlix
    and I quote ". Latest rumors say that Nokia wants to skip Samsung as a main component supplier. According to rumors they already started ordering Lumia screens from Sharp (SHCHF) instead of Samsung (SSNLF)".
    So perhaps that article was wrong, or Synaptics is the company unable to make enough screens. I said before that I did not know who makes the Screens, only that it appeared to be the source of the lack of supply.
    Thank you for the link.
    If it had been Samsung, I could well have seen them hesitant to ramp up production on the 920 as it blows their best away IMO.
    Your source seems a lot better founded than my "Rumors"
    20 Feb 2013, 01:52 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    I have yet to get a clear picture on the "Synaptics" company, They may just be the company behind the screens "touch technololgy" and some one else licenses the technology into the assembly process (SHCHF) or (SSNLF). I'm passing this question on to someone who might be able to get an answer for us, thanks for you links and info.
    20 Feb 2013, 05:05 AM Reply Like
  • twogo
    , contributor
    Comments (99) | Send Message
     
    Here's some mobile data stats http://bit.ly/Uz6m92
    18 Feb 2013, 11:48 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Societe Generale: $NOK 's cash situation is better than people have feared http://bit.ly/Zni8pz
    18 Feb 2013, 04:07 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    @Seppo2
    Any idea where I can get the English Translation? Not familiar with using the "Google Translator" or if there is a way to run text through a Translator Prog, Even where to obtain one.
    21 Feb 2013, 05:16 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » @OW I of course do not use Google but MSFT's "Bing Translator" :)
    http://binged.it/XOjtz5

     

    You can copy-paste any URL on the box left and click 'translate' for a full page translation. Here's the translated version of the original page:
    http://bit.ly/WYyXVq

     

    As always, the translation is far from perfect...
    21 Feb 2013, 07:09 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Thanks Seppo
    21 Feb 2013, 06:18 PM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    WP8 Nokia Lumia range introduced to Brazil to long lines http://shar.es/ja0IC
    21 Feb 2013, 07:56 PM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    Interesting article on HERE maps: "Nokia in Fargo produces mapping technology that’s used around world - See more at: http://bit.ly/15p0K3x
    2 Mar 2013, 05:57 AM Reply Like
  • twogo
    , contributor
    Comments (99) | Send Message
     
    Nokia and India http://bit.ly/Wo14PF
    2 Mar 2013, 05:37 PM Reply Like
  • twogo
    , contributor
    Comments (99) | Send Message
     
    On the competitors at MWC http://bit.ly/Wo246j
    2 Mar 2013, 05:49 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Another SA article about HERE.
    http://seekingalpha.co...
    2 Mar 2013, 05:53 PM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    Hi all, here is a very interesting article about Nokia`s signing with the R/GA London lab. What is that you ask? Well read about it, it`s very cool!

     

    Nokia and Nike sign on to R/GA London's new digital lab offering
    http://bit.ly/Zl5VNR

     

    http://www.rga.com
    5 Mar 2013, 09:15 AM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    Some might miss it during MWC.

     

    Not Here but Citylens..soon they have friend finder via augmented reality..look to 1:25 in the video. Thats pretty usefull at places with many people like a concert, soccer game etc....

     

    http://bit.ly/VAbKJp
    5 Mar 2013, 11:10 AM Reply Like
  • ylseekingalpha
    , contributor
    Comments (107) | Send Message
     
    I am taking some days off at Bali island of Indonesia right now. I rent a car and use Nokia Drive offline everyday. I've absolutely no problem to find ways around even some very minor routes. It is a nice test of Nokia's map HERE and its GPS based navigation system and it proved to be fantastic.
    5 Mar 2013, 12:03 PM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    Sanur beach is where locals go and hang out.
    5 Mar 2013, 09:02 PM Reply Like
  • ylseekingalpha
    , contributor
    Comments (107) | Send Message
     
    Thanks turtle. I was staying in Ubud area the last a few days and moved to Kuta beach yesterday. I liked the Ubud area more though the beach area has some great views. Nokia Drive works much faster in the beach area according to my L920.
    6 Mar 2013, 12:56 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Full 20-F filing:
    http://bit.ly/14CRmXL

     

    PDF here:
    http://bit.ly/ZmL13a

     

    Totaling 288 pages...but interesting read from page 83 on or so.
    8 Mar 2013, 01:06 PM Reply Like
  • twogo
    , contributor
    Comments (99) | Send Message
     
    HERE Transit http://bit.ly/YNTriH
    10 Mar 2013, 03:17 AM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    I am currently reading NOK's annual report and encourage all longs to do as well. Started reading it while on holiday abroad. It makes you realize many things. In my opinion this is where you get the real Nokia news, meat and potatoes. News websites and blogs is where you get manipulation, misinformation & noise that fogs up reality.

     

    Taking a holiday from the noise, figuratively and literally will help you clear up your point of view on Nokia. It made me realize several things, one of which is that Samsung is not very subtle in its efforts to crush Nokia and MSFT.

     

    Samsung is VERY serious, going as far as producing decent W8 & WP8 products and making them fail so its CEO can go out and say that these OSs are "not doing well", i.e. failures. Then guess what happens when that is picked up by the understaffed, inexperienced news outlets, propagandists and noise makers? THIS IS WAR, PERIOD.
    16 Mar 2013, 10:11 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Today looks like a good day. Heavy volume, going up intraday even with very negative EU news. And...

     

    NSN is looking good (annual report out today). NOK shorters are fleeing in Helsinki. L928 coming on Verizon. Worldwide market share has stabilized at 21%, not dropping anymore. Asia and Europe showing signs of market share growth.

     

    See my stocktalks for details.
    18 Mar 2013, 12:15 PM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    Bought today morning my third tiny position back at 2,55.
    My Profits from 2 - 3,40 EUR are now back in the game, if NOK goes deeper ( 2,40 / 2,20) i have to risk my own money again.

     

    I see definetely improvements in Supply here, and it seems a verry good demand of the 620.
    18 Mar 2013, 12:57 PM Reply Like
  • twogo
    , contributor
    Comments (99) | Send Message
     
    WP8 life cycle to WP Blue http://zd.net/ZWa5Mt
    18 Mar 2013, 09:20 PM Reply Like
  • twogo
    , contributor
    Comments (99) | Send Message
     
    This falls under general category. A small player competes with the big guys. You never know who or where the next business threat might come from and it pays to never get complacent. I think a giant like Nokia should maintain the mentality of a nimble hungry entrepreneur. http://bit.ly/148mtyV
    18 Mar 2013, 09:57 PM Reply Like
  • twogo
    , contributor
    Comments (99) | Send Message
     
    As subsidies go away I think the importance of the multiple competitive price points of Nokia smartphones should become even more apparent. http://bit.ly/ZWjcwF
    18 Mar 2013, 10:49 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Interesting until all the patent holders that have cross-licensed come to Blu's door with their hands out. Blu may be buying the components "Off the shelf" but building them into a phone makes them a patent Troll's dream.
    18 Mar 2013, 11:07 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Today's increase in the amount of bond issuance from 600M EUR to 800M EUR looks like a good indicator.

     

    Last week:
    "...The net proceeds from the issuance and sale of the Notes will be used to prepay certain existing debt of Nokia Siemens Networks...."

     

    http://bit.ly/14csydm

     

    But now, today:
    "...The net proceeds from the offering of the Notes will be used to prepay certain existing debt of Nokia Siemens Networks and for general corporate purposes...."
    http://bit.ly/ZSAxa8

     

    Notice "and for general cor purposes".

     

    It looks to me that last week's issuance got good reception, and NSN decided on the fly collect a bit more. Thoughts?
    22 Mar 2013, 02:58 PM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    They check the capital market.

     

    But if Siemens sell there NSN part, there might be risks for us NOK investors.
    22 Mar 2013, 05:16 PM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    It's a tuff biz they're in but they are one of (3) worth mentioning and when it comes to LTE and patents, they are perhaps the most promising; I think a buyer would emerge for the other half if/when Siemens backs away. The question is... is Nokia committed to keeping their half?
    22 Mar 2013, 06:25 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    If NSN is split off, I think we will get shares in the new company. If Nokia raises the money to buy Siemens half, Nokia shares should go up considerably, as NSN is quite profitable.
    22 Mar 2013, 09:48 PM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    Siemens want out of NSN, if NOK see a bright future of NSN is it an option to buy the 50% from Siemens ?

     

    Why not buying 10-15% now and the rest later from Siemens ?

     

    If NOK is not interested, we should ask our selve if NSN is really worth alot.
    23 Mar 2013, 05:56 AM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    Nokia tried and failed to sell NSN a couple of years ago.

     

    Media says Siemens wants out, but I have not read one direct quote from Siemens that says so other than media interpretations/ manipulations.
    23 Mar 2013, 07:36 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Yes, it is official.

     

    Siemens CFO:
    http://bit.ly/YcpWLl
    23 Mar 2013, 09:23 AM Reply Like
  • twogo
    , contributor
    Comments (99) | Send Message
     
    " Siemens has been divesting telecoms assets over the past few years."
    Read more: http://fxn.ws/YMBAGf

     

    One wonders who is making the right decision while it is possible
    it makes sense for both. Siemens makes a strategic decision to
    divest telecom assets and in this case is doing so as the business
    shows clear improvement thus able to get a better price. For
    Nokia it would appear to be a core asset and the improving performance should be considered a positive. The numbers as shown in Seppo's previous link are remarkable:
    NSN reported a record operating margin and surging sales and operating profit in the fourth quarter. The company posted an underlying non-IFRS operating profit of around $741 million, up from $227 million in the year-ago period and up from around $416 million in the third quarter of 2012. The vendor's net sales grew 14 percent year-over-year and 5 percent from the third quarter to $5.14 billion. Additionally, NSN posted a non-IFRS operating margin of 14.4 percent, up from 4.2 percent in the year-ago period and breaking the previous record of 9.2 percent in the third quarter of 2012....
    It's also pretty funny that NSN boss Rajeev Suri sees the industry consolidating to three vendors. This mirrors the phone
    OS business with iOS , Android and WP. They say bad things come in threes . One can only hope Nokia can turn a phrase to
    'Good things come in threes' .

     

    And this on NSN in India http://bit.ly/YlRspD
    23 Mar 2013, 04:59 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    India is cutting back on ALL non-critical infrastructure spending as it's about to be downgraded. They cannot support their exploding population. I think India is barely a 3rd world country atm.
    23 Mar 2013, 10:45 PM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    Interesting is that the financial industry see NSN for 82% of NOKS value...and we discuss all times the phonebusiness:)
    23 Mar 2013, 10:00 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Foss: Android likely infringes $NOK patent on tethering as $GOOG and HTC lose out on claim construction:
    http://seekingalpha.co...

     

    "a U.S. import ban against HTC's Android devices is reasonably likely" unless HTC agrees to pay royalties to Nokia

     

    Foss: "Google is really scared of Nokia's patent portfolio and its potential impact on Android." Love it :)
    23 Mar 2013, 12:30 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Nokia Siemens Network hiring 200-300 people in Finland http://bit.ly/14esXMe
    23 Mar 2013, 12:54 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » So, there is total of 3744M Nokia shares. 818M of these are traded in NYSE as NOK ADSs (see page 175 of the latest 20-F filing). That is, 78% of the shares are traded in Helsinki, and 22% are traded in NYSE:
    http://bit.ly/ZmL13a

     

    The short interest in Helsinki is at least 11% of the total outstanding shares (as of 03/21/2013):
    http://bit.ly/SiN8P7

     

    The short interest in NYSE is 334M shares, i.e. 8.9% of total shares (as of 02/28/2013):
    http://bit.ly/YEm4gy

     

    The total short interest is thus around 20% at the moment.

     

    The really interesting point is though that looking at total number of NOK ADSs, the short interest is 41% (334M/818M). That is, of all shares traded in NYSE, 41% are short! That is insanely high number IMO.

     

    The above 41% number makes it clear that anyone who owns NOK shares in NYSE as a serious long position, should put a stop limit order in place at some high price, so that the number of shares available for shorters would be smaller.

     

    Secondly, it makes much more sense to me why GS owns roughly 109M shares in NYSE (i.e. 13% of all NOK ADSs shares). With the relatively small number of ADSs available in the first place, they had to get this block in order to enable their clients to short NOK at scale.

     

    25 Mar 2013, 09:39 PM Reply Like
  • ylseekingalpha
    , contributor
    Comments (107) | Send Message
     
    I am curious why there are so many shorters? Or, may be just a few big sharks out there try to bring down the NOK price? Why? If they short AAPL of BB could it be more profitable?
    25 Mar 2013, 10:57 PM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    Seppo2: I am very leary of giving advice to others.

     

    I do not use stop limit orders at all. I am a long term investor and do not want to be burned in flash crashes. All my stocks are pretty volatile as well.

     

    If the shorters want my stocks they better get their chequebook out, cause they ain`t gonna come cheap. My break even is around $4.20-$4.60. I would not even consider selling before $10, more likely $20 in 5 years or so.
    26 Mar 2013, 06:48 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » @BTR The point is that for someone to short a stock, that stock has to on loan from someone who owns the stock. That's you and me. If I do not want the broker to give my stock to the shorter to sell immediately, I have to put it for sale myself.

     

    The solution is to put your own shares on the market, but on a very high price, e.g. $15. This way my broker has to hold the shares, just in case there is a deal at $15. That's all.

     

    I am certainly not telling anyone to actually sell their shares at any given price.
    26 Mar 2013, 07:28 AM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    Seppo: thanks for the clarification! That`s a very good point I was not aware of!

     

    What happens if we decide to follow that info now? Does it mean that the shorters have to return our shares to us? Cause if it does I'm putting mine for sale at $50.
    26 Mar 2013, 08:46 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » @BTR I do not know. I assume that for a while the brokerages will just scramble to find shares somewhere else, but as more and more people do something like this, it gets more and more difficult to find shares available for shorting.

     

    I just did put my long core holding shares for sale on high limit.
    26 Mar 2013, 09:38 AM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    I put all my shares for sale at $50 limit but I find it surprising that my brokerage would call in my shares when the asking price is a universe away. Won`t they wait until they feel they may need them before calling them in from a shorter?
    27 Mar 2013, 07:16 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » I think since stock prices can make discontinuous jumps up and down, one can not say for sure that $50 can not happen today. So brokerages have to play it safe and have the stocks ready.

     

    I am not an expert, but this is my understanding.
    27 Mar 2013, 07:53 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    In the US we have something called Market Makers. These are firms that hold stock in inventory to maintain liquidity in the market. I have to pay a minimum of 1 cent per 100 shares of any ADR I sell up to a certain stock value, then the fee is based on a %. This helps pay for their inventory. If you follow Peter F Way, you can learn how the Market Makers work. It's too complex for me to explain.
    Shorted shares must be rebought at market price on expiration if called. That is the "Short Squeeze". Shorters can potentially lose unlimited money, as there is no limit as to high a stock can go; but the brokerages will sell their other stocks to fill the gap, and watch the Shorters rather carefully and if at risk, they can potentially have to cover a Short if their customer cannot. That is one reason why you have to have a minimum amount of $ in a brokerage account to trade Options, especially Naked Puts (Which is what most of these shorts are) That means that the shares are not necessarily borrowed or even located. Therefore, your shares are not really loaned out, it is a paper transaction until Called, then all heck can break loose. That kind of thing can bring down a Market Maker even, such as happened recently when one of the MM's computer went crazy. I forget the name. I strongly suggest you read a couple of Peter's column's for education.
    27 Mar 2013, 10:34 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » @OW Thanks, will look into his columns.
    27 Mar 2013, 10:45 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » As of yesterday 04/22/2013 the short interest in Helsinki was at least 8.98% of the total float. That is a ~2.0% point drop from the ~11%+ a month ago (see above entry for 03/21/2013).
    http://bit.ly/SiN8P7

     

    The general trend is that the shorts are covering in Helsinki.
    23 Apr 2013, 10:22 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » So, as of 03/28 the short interest in NYSE was 7.9%, and as of 04/22 it was 9.0% in Helsinki. With that the total short interest is only 17%, which is a 3% point reduction from a month ago.

     

    Interesting to see the new 04/15 data from NYSE in a day or two, if the trend continues (although 04/15 is before earnings, and I would assume that a lot of covering has happened immediately after the earnings blood path).
    23 Apr 2013, 10:31 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Nice, $NOK short interest in NYSE has dropped 38M (13%) from 299M to 261M shares (as of 04/15/2013). The total short interest in NYSE is now 'only' 6.9% of the float. The last time it was this low was 08/31/2012. In other words, during the 1st half of April, the short interest dropped 1% point from 7.9% to 6.9%

     

    The total short interest in Nokia is now around 16%, a 4% point reduction from a month ago.
    25 Apr 2013, 07:30 AM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8584) | Send Message
     
    @Seppo, " put a stop limit order in place at some high price, so that the number of shares available for shorters would be smaller."

     

    Are you sure it works like this?

     

    My Experience:
    Schwab borrowed 1/2 of my shares and it required a signed document and a guarantee by Schwab to me by a 3rd party bank guaranteeing me payment in cash if Schwab couldn't return my shares. Schwab also payed me for my loaned shares and transferred my shares into a separate account while they were on loan.

     

    It was a fairly involved production. I doubt it's as transparent as you suggest.
    25 Apr 2013, 07:01 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » @MrK No I am not sure. In fact, based on additional info from @OW, I am pretty sure I am wrong. This is one of those stories that seem to go around and I believed it w/o further due diligence. Sorry.

     

    The short numbers I report are still correct though :)
    25 Apr 2013, 07:10 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    I too am no expert on Options, but I have my Nokia through Schwab, and have never been asked to loan out shares. IMO some of the short interest is in "Naked Puts" where the put is guaranteed by cash reserves and not by actually borrowing a stock. I am sure that there are limits on how big a "Naked" position one could have. Probably a % of the average daily trade, but that's just a guess. Schwab has a red disclaimer on Nokia "Hard to Borrow" so that is probably the type of situation MrK had. I am assuming that it was a pretty significant # of shares for Schwab to take those pains, my few K shares would not raise an eyebrow. Personally, I would not have loaned out my shares under those conditions, as I need NOK to go up some to break even. I would have to be guaranteed at least to break even on settlement, but that's just my own situation. I do not pretend to ever give advice. I do know that the Market Makers have to carry inventories of most stocks in order to provide liquidity, and I doubt that they are allowed to loan out those shares, so bottom line-Only the BIG KIDS know the whole story.
    25 Apr 2013, 09:04 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8584) | Send Message
     
    >> ". I am assuming that it was a pretty significant # of shares for Schwab to take those pains"

     

    Yes, 10s of thousands.
    I don't think they even talk to you unless you have 10-20K shares.

     

    " Personally, I would not have loaned out my shares under those conditions,"

     

    Actually though, I didn't mention one of the sweet bonuses.
    I have access to those shares and that SLFP account.
    If I wanted to sell, I could. It's equivalent to asking Schwab to return them. So it's all good.
    What I was not allowed to do was use the equity as a basis for margin or other buying power.

     

    PS. SLFP = Securities Lending Fully Paid Program Package http://bit.ly/17lx8VM
    25 Apr 2013, 10:32 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Thank you for the update and link. I had correctly assumed that it was far larger than my paltry account.
    Knowing that you can still sell those sequestered shares is good. I assume that you, like me, are not emotionally attached to Nokia, and have an "Exit Strategy" My attention span on most equities is usually 3-6 months, but with Nokia, I knew going in that it was going to take 12-18 months or more to get to my exit point.
    I am still concerned as to whether Nokia's "Supply Issues" are solved. We should know by the end of Q2 after we see how well Nokia can keep up with the Verizon sales. There were also rumors today of a "Mini" that may be announced in May as well.
    26 Apr 2013, 03:48 AM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8584) | Send Message
     
    Nope, no emotional attachment other than making/losing money ;-)

     

    I do have a target to exit strategy on my long term core holdings, and all the while day trade.
    26 Apr 2013, 02:29 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia short interest. In NYSE 206M shares (5.5% of the float) as of 04/31/2013, and 322M shares (8.61% of the float) in Helsinki as of 05/03/2013. The total short interest is thus 528M shares, i.e. 14.11%.

     

    That is, in April, the total short interest dropped 5% points (187M shares) from roughly 11%+7.9% = 19% to roughly 14% of the total float.
    10 May 2013, 02:06 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » As of today 05/20/2013 the short interest in Helsinki is 8.25+%, a 0.36% point drop since 05/03.
    20 May 2013, 10:33 PM Reply Like
  • Eld
    , contributor
    Comments (378) | Send Message
     
    not material
    21 May 2013, 08:15 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia short interest: In NYSE 222M shares (5.9% of the float) as of 05/31/2013, and 300M shares (8.02% of the float) in Helsinki as of 05/30/2013.

     

    The total short interest at the end of May was thus 522M shares (13.9% of the float), i.e. practically unchanged from a month earlier.
    19 Jun 2013, 11:09 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 06/15/2013: In NYSE 229M shares (6.12% of the float), and in Helsinki at least 300M shares (8.00% of the float).

     

    The total short interest at the end of May was thus at least 529M shares (14.1% of the float), i.e. a 0.2% point increase in two weeks since the end of May.
    28 Jun 2013, 09:51 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Not surprising considering all the negative articles of late, not to mention the massive profits the Shorts made on $BBRY today. I expect short interest in Nokia to go up even more next week with all the new money the $BBRY Shorts made. $BBRY down >38% as of this writing.
    28 Jun 2013, 10:18 PM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    The Compal deal is another sign that we are in the right stock.
    Seems Nokia increase the forecast for the rest of the year and expect clear higher sales.

     

    http://bit.ly/1anXvyh
    29 Jun 2013, 03:10 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Great news solucky. I have long held that the 92x Lumias could have sold a lot more had they had the inventory, and this looks like the long awaited solution to the "Supply Issues" that I have blasted so hard.
    I read the header of some article this week that said something about Nokia relegating their Devices segment to "Problem Child" status. I didn't read any further knowing that the author could not have done much homework on Nokia, but this Compal contract does NOT sound like a "Problem Child"
    I just wish I had waited a couple months to buy that EOS instead of the 928 I bought in May. Still, I doubt Verizon will get the new phone very soon unless they contract to push it. I had to insist on the 928 at the Verizon store here, they wanted to sell me anything except it, including the 822, i-5, S3 etc. It will be my last Verizon contract.
    29 Jun 2013, 10:21 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 06/28/2013:

     

    In NYSE 235M shares (6.3% of the float), and in Helsinki at least 311M shares (8.31% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at the end of June was thus at least 546M shares (14.6% of the float), i.e. a 0.5% point increase in two weeks since mid June, and a 0.7% point increase since end of May.
    12 Jul 2013, 02:20 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8584) | Send Message
     
    Thanks Seppo.
    Do you know of anyone the graphs this movement over time?
    It would be interesting to see the short interest relative to things like product launches and earnings announcements.
    12 Jul 2013, 02:31 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Nope. I seem to be the only one in the Internets adding up the NYSE and Helsinki numbers :)

     

    My previous comments in this thread will provide the data since mid March.
    12 Jul 2013, 02:35 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 07/15/2013 (just before the Q2 earnings):

     

    In NYSE 228M shares (6.1% of the float), and in Helsinki at least 300M shares (8.01% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at mid-July was thus at least 528M shares (14.1% of the float), i.e. a 0.5% point decrease in two weeks since end of June, and a 0.2% point increase since end of May.

     

    Interestingly,the long side (more than 20M shares) owns 731M shares,i.e. 19.5% of the float, whereas the short side is at 528M (14.1%).
    http://bit.ly/YuA7bE
    25 Jul 2013, 01:26 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Check out @wiesje's comment on $NOK short interest ATM:
    http://seekingalpha.co...
    11 Aug 2013, 09:48 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 07/31/2013:

     

    In NYSE 219M shares (5.8% of the float), and in Helsinki at least 312M shares (8.32% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at the end of July was thus at least 531M shares (14.2% of the float), i.e. a 0.4% point decrease since four weeks ago, and a 0.1% point increase since two weeks ago.
    12 Aug 2013, 10:39 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 08/15/2013:

     

    In NYSE 213M shares (5.69% of the float), and in Helsinki at least 311M shares (8.31% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at mid-August was thus at least 524M shares (14.00% of the float), i.e. a 0.1% point decrease since four weeks ago, and a 0.2% point decrease since two weeks ago.
    27 Aug 2013, 09:22 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 08/30/2013:

     

    In NYSE 222M shares (5.93% of the float), and in Helsinki at least 311M shares (8.31% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at the end of August was thus at least 533M shares (14.24% of the float), i.e. a no change since four weeks ago, and a 0.2% point increase since two weeks ago.
    12 Sep 2013, 03:17 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » As an interim update as of 09/12/2013, i.e. post-announcement, the short interest in Helsinki has dropped by 225M shares to 86M shares (2.31% of the float).
    12 Sep 2013, 03:19 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » As an interim update, the publicly reported short interest in Helsinki is now 0%. All the shorters are out, or have positions smaller than 0.5% of the float!

     

    http://bit.ly/SiN8P7
    16 Sep 2013, 09:51 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 09/15/2013:

     

    In NYSE 79M shares (2.11% of the float), and in Helsinki 0M shares (that is, all short positions in Helsinki are below the 0.5% of the float reporting criteria):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest mid September was thus at least 79M shares (2.11% of the float), i.e. a 12.13% point decrease since two weeks ago (beginning of September).
    25 Sep 2013, 07:50 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 09/30/2013:

     

    In NYSE 40M shares (1.06% of the float), and in Helsinki 0M shares (that is, all short positions in Helsinki are below the 0.5% of the float reporting criteria):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at the end of September was thus at least 40M shares (1.06% of the float), i.e. a 13.18% point decrease since four weeks ago (beginning of September).
    10 Oct 2013, 11:49 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 10/15/2013:

     

    In NYSE 36M shares (0.96% of the float), and in Helsinki at least 42M shares (1.12% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at the end of September was thus at least 78M shares (2.08% of the float), i.e. a 1.02% point increase since two weeks ago (end of September).
    25 Oct 2013, 10:10 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 10/31/2013:

     

    In NYSE 26M shares (0.69% of the float), and in Helsinki at least 45M shares (1.19% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at the end of October was thus at least 71M shares (1.88% of the float), i.e. a 0.2% point decrease since two weeks ago (mid October).
    12 Nov 2013, 09:35 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 11/15/2013:

     

    In NYSE 23M shares (0.61% of the float), and in Helsinki at least 45M shares (1.20% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at mid November was thus at least 68M shares (1.82% of the float), i.e. a 0.06% point decrease since two weeks ago (end of October).
    27 Nov 2013, 11:02 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 11/29/2013:

     

    In NYSE 25M shares (0.67% of the float), and in Helsinki at least 45M shares (1.20% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at the end of November was thus at least 70M shares (1.87% of the float), i.e. a 0.05% point increase since two weeks ago (mid November).
    11 Dec 2013, 11:31 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 12/13/2013:

     

    In NYSE 24M shares (0.64% of the float), and in Helsinki at least 45M shares (1.20% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at mid December was thus at least 69M shares (1.84% of the float), i.e. a 0.03% point decrease since two weeks ago (end of November).
    26 Dec 2013, 02:54 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 12/31/2013:

     

    In NYSE 24M shares (0.64% of the float), and in Helsinki at least 45M shares (1.20% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at the end of December was thus at least 69M shares (1.84% of the float), i.e. no change since mid December.
    13 Jan, 09:59 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 01/15/2014:

     

    In NYSE 26M shares (0.69% of the float), and in Helsinki at least 45M shares (1.20% of the float):
    http://bit.ly/MSyJuQ
    http://bit.ly/SiN8P7

     

    The total short interest at mid January was thus at least 71M shares (1.90% of the float), i.e. up by ~0.06% points (2M shares) since end of December.
    28 Jan, 10:51 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 01/31/2014:
    In NYSE 19M shares (0.51% of the float), and in Helsinki at least 45M shares (1.20% of the float):

     

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

     

    The total short interest at the end of January was thus at least 64M shares (1.71% of the float), i.e. down by ~0.19% points (7M shares) since mid January.
    12 Feb, 07:52 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 02/14/2014:

     

    In NYSE 18M shares (0.48% of the float), and in Helsinki at least 49M shares (1.32% of the float):

     

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

     

    The total short interest at mid February was thus at least 67M shares (1.79% of the float), i.e. up by ~0.08% points (3M shares) since end of January.
    28 Feb, 12:48 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 02/28/2014:

     

    In NYSE 19M shares (0.51% of the float), and in Helsinki at least 49M shares (1.32% of the float):

     

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

     

    The total short interest at the end of February was thus at least 68M shares (1.82% of the float), i.e. up by ~0.03% points (~1M shares) since mid February.
    24 Mar, 10:27 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 03/15/2014:

     

    In NYSE 25M shares (0.67% of the float), and in Helsinki at least 45M shares (1.21% of the float):

     

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

     

    The total short interest at mid March was thus at least 70M shares (1.87% of the float), i.e. up by ~0.05% points (~2M shares) since end of February.
    26 Mar, 10:13 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 03/31/2014:

     

    In NYSE 26M shares (0.69% of the float), and in Helsinki at least 45M shares (1.20% of the float):

     

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

     

    The total short interest at the end of March was thus at least 71M shares (1.90% of the float), i.e. up by ~0.03% points (~1M shares) since mid March.
    10 Apr, 09:43 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 04/15/2014:

     

    In NYSE 28M shares (0.75% of the float), and in Helsinki at least 49M shares (1.31% of the float):

     

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

     

    The total short interest at mid April was thus at least 77M shares (2.06% of the float), i.e. up by ~0.16% points (~6M shares) since end of March.
    28 Apr, 11:50 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 04/30/2014:

     

    In NYSE 25M shares (0.67% of the float), and in Helsinki at least 23M shares (0.61% of the float):

     

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

     

    The total short interest at the end of April was thus at least 48M shares (1.28% of the float), i.e. down by ~0.78% points (~29M shares) since mid April.
    12 May, 10:13 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 05/15/2014:

     

    In NYSE 25M shares (0.67% of the float), and in Helsinki at least 21M shares (0.57% of the float):

     

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

     

    The total short interest at mid May was thus at least 46M shares (1.23% of the float), i.e. down by ~0.05% points (~2M shares) since end of April.

     

    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, 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.
    28 May, 11:32 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (7661) | Send Message
     
    Thanks my friend. Go ACTC! lol
    28 May, 11:55 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 05/31/2014:

     

    In NYSE 23M shares (0.61% of the float), and in Helsinki at least 28M shares (0.75% of the float):

     

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

     

    The total short interest at the end of May was thus at least 51M shares (1.36% of the float), i.e. up by ~0.13% points (~5M shares) since mid May.

     

    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, 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.
    12 Jun, 10:20 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 06/13/2014:

     

    In NYSE 22M shares (0.59% of the float), and in Helsinki at least 28M shares (0.75% of the float):

     

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

     

    The total short interest at mid June was thus at least 50M shares (1.34% of the float), i.e. down by ~0.02% points (~1M shares) since end of May.

     

    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.
    25 Jun, 12:23 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 06/30/2014:

     

    In NYSE 20M shares (0.53% of the float), and in Helsinki at least 57M shares (1.51% of the float):

     

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

     

    The total short interest at the end of June was thus at least 77M shares (2.05% of the float), i.e. up by ~0.69% points (~26M shares) since mid June.

     

    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.
    14 Jul, 01:19 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 07/15/2014:

     

    In NYSE 24M shares (0.64% of the float), and in Helsinki at least 34M shares (0.90% of the float):

     

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

     

    The total short interest at mid July was thus at least 58M shares (1.55% of the float), i.e. down by ~0.50% points (~19M shares) since the end of June.

     

    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.
    25 Jul, 05:22 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 07/31/2014:

     

    In NYSE 19M shares (0.51% of the float), and in Helsinki at least 59M shares (1.58% of the float):

     

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

     

    The total short interest at the end of July was thus at least 78M shares (2.08% of the float), i.e. up by ~0.53% points (~20M shares) since the end of June.

     

    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.
    12 Aug, 11:54 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 08/15/2014:

     

    In NYSE 14M shares (0.0.37% of the float), and in Helsinki at least 59M shares (1.58% of the float):

     

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

     

    The total short interest at mid August was thus at least 73M shares (1.95% of the float), i.e. down by ~0.13% points (~5M shares) since the end of July.

     

    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.
    27 Aug, 10:32 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (7661) | Send Message
     
    It looks like Nokia's range has found itself in the $8.10-25 range. Good news. Wish it were the $10-11 range though.
    27 Aug, 01:08 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 08/29/2014:

     

    In NYSE 16M shares (0.42% of the float), and in Helsinki at least 60M shares (1.61% of the float):

     

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

     

    The total short interest at the end of August was thus at least 76M shares (2.03% of the float), i.e. up by ~0.08% points (~3M shares) since mid August.

     

    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.
    11 Sep, 09:46 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 09/15/2014:

     

    In NYSE 18M shares (0.48% of the float), and in Helsinki at least 60M shares (1.61% of the float):

     

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

     

    The total short interest at mid September was thus at least 78M shares (2.09% of the float), i.e. up by ~0.06% points (~2M shares) since the end of August.

     

    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.
    25 Sep, 08:05 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (7661) | Send Message
     
    Looks like shorts are getting bolder.
    25 Sep, 01:36 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 09/30/2014:

     

    In NYSE 24M shares (0.64% of the float), and in Helsinki at least 60M shares (1.61% of the float):

     

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

     

    The total short interest at the end of September was thus at least 84M shares (2.24% of the float), i.e. up by ~0.16% points (~6M shares) since mid September.

     

    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.
    14 Oct, 02:34 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Update on Nokia's short interest as of 10/15/2014:

     

    In NYSE 24M shares (0.64% of the float), and in Helsinki at least 79M shares (2.11% of the float):

     

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

     

    The total short interest at mid October was thus at least 103M shares (2.75% of the float), i.e. up by ~0.50% points (~19M shares) since end of September.

     

    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.
    29 Oct, 01:00 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Volume:

     

    The average trade volume in Helsinki is 34M shares:
    http://bloom.bg/XdTYI3

     

    The average trade volume in NYSE is 44M:
    http://bloom.bg/103N0I8

     

    On average, it takes 86 days to trade all the shares in Helsinki [(3744-818)/34 days].

     

    On average, it takes 19 days to trade all the shares in NYSE (818/44).
    25 Mar 2013, 09:39 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    @Seppo
    TD Ameritrade and Schwab both report Nokia 10 day average volume at 49.6M Shares.
    27 Mar 2013, 10:41 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » My number is from Bloomberg, 30 day average, reported as 45M right now.
    27 Mar 2013, 10:44 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    I can clearly see how a 30 day average would differ from a 10 day average on a stock as Beta as $NOK.
    28 Mar 2013, 09:02 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » IMO, using average in the first place is very misleading for high volatility stock like Nokia, as a few high vol dates can dominate the average. Median would be more representative instead.
    28 Mar 2013, 10:01 PM Reply Like
  • Doug Dallam
    , contributor
    Comments (7661) | Send Message
     
    I just look at the nasdaq historical quote and do it in my head. Hmm,yeah those two sources are about right.
    13 May, 01:35 PM Reply Like
  • Doug Dallam
    , contributor
    Comments (7661) | Send Message
     
    Seppo, indeed it would. Average is always the last stat I look at. Average is the love of politicians, as in, "What! We don't need a wage increase! Why, the average wage in xyz city is 500K a year!"

     

    Median is king.
    13 May, 01:41 PM Reply Like
  • IT153
    , contributor
    Comments (171) | Send Message
     
    only 19 days to trade all shares in NYSE. We are easily cornered then.
    25 Mar 2013, 11:04 PM Reply Like
  • slicedbread
    , contributor
    Comments (4) | Send Message
     
    Stop limit order solution. Essentially counter manipulation. Is it possible to broadcast this message to enough small investors to actually reduce the float? If GS must own 100M+ shares in open market to allow float for their investors to short, they're essentially admitting market manipulation if they downgrade the stock. It's like give kids a sand box to play in. I'm a long position holder. I'd like to get to about 100k shares by end of week. I'm going to add a stop loss order as soon as position is complete. That's a healthy chunk of shares. A few dozen people like me would add some stability I'd image.
    26 Mar 2013, 08:53 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    @slicebread
    Please remember to use stop limit rather than stop market for a position that large, or a sudden spike could wipe you out.
    28 Mar 2013, 09:04 PM Reply Like
  • slicedbread
    , contributor
    Comments (4) | Send Message
     
    Only made it to 75k shares so far. Selling all limit at $20. Looks like fun on a bun. If we have another drop, I'll add the next 25k. Looks like guidance was so so?
    5 Apr 2013, 07:07 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    You know I was J/K about the Stop Limit, as you were the one that posted it LOL. I just wish I had the free cash right now to buy more at these prices. The lowest I got in at was like ~3.3. I had a bunch at 2.77, but sold most at ~3.6-3.7 so a lot of my higher priced shares are with "Free" money. I'm waiting until after Q1 results and the Verizon release if people forget about it some before Q2 results. I am just hoping for some acceptable pop on the Verizon sales (Assuming Nokia can supply all the 928's or whatever they call it).
    7 Apr 2013, 01:09 AM Reply Like
  • Urban Jaekle
    , contributor
    Comments (44) | Send Message
     
    How many Lumia WP8 devices sold in Q1 2013? In Q4 2012 it were 4,4 Mio Lumias + 2,2 Mio Symbians and Nokia was profitable in this section. So lets check what to estimate this quarter.
    Therefore I made a rough estimation based on AdDuplex Statistics: http://bit.ly/10L8LyD

     

    Lets start with a summary of all WP7-devices:

     

    Q4 2011 = 1 Mio WP 7 Devices
    http://bit.ly/10bk0fS
    Q1 2012 = 3,3 Mio
    http://bit.ly/10L8nA6
    Q2 2012 = 4 Mio
    http://tnw.co/10bk0fU
    Q3 2012 = 2,9 Mio
    http://bit.ly/10L8nAa

     

    Q4 2012 = 2,5 mio WP7? (Total: 4,4 mio Lumias, but how many WP7 and how many WP8???)

     

    Q1 2013, so far, until March 4th 2013 (that is the date of the latest AdDuplex Statistics) 1 Mio WP7?

     

    Total:
    =14,7 Millionen WP 7 Smartphones = 51% of total Windows Phones
    This means that 22% Lumia WP8 phones are 6,34 Mio

     

    If we assume that from this number 1,9 Mio were sold in Q4-12- this leaves 4,4 Mio for this quarter until March 4th.

     

    Until end of March this would be easily more than 5 Mio Lumia WP8. Together with the WP7 phones (+ some Symbians, unimportant) Nokia would top the last quarter while Elop has warned about "a seasonally weak quarter". So there could be a positive surprise ahead!
    Some questions remain: 1) How many Lumia WP8 phones in Q4 2012?
    2) What do analysts expect from this quarter about Lumia Sales?
    3) How accurate are AdDuplex numbers?
    26 Mar 2013, 01:40 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Schwab estimates Nokia to exactly break even, no profit nor loss this Q but doesn't break it out even by company segment, much less /phone type. Any profit will be an upside surprise.
    27 Mar 2013, 10:44 PM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    Guess all numbers are relative correct, adduplex, kantar.......

     

    Myself expect at least 6 million Lumias in Q1 and at least 8 million in Q2.

     

    But that does not mean we see good Q1 numbers.

     

    1. Guess NSN will not hold there Q4 margins
    2. There was huge onetime payments in Q4 that are not in Q1

     

    I hope to see not to much cash burned, increased Lumia sales (6 million ), Ashaline slight weakness, NSN in the black but with a lower margin.
    26 Mar 2013, 02:09 PM Reply Like
  • mepa84
    , contributor
    Comments (62) | Send Message
     
    Seppo2,

     

    Good point, I own 29k Nok shares at NYSE and will put a limit order tomorrow.
    26 Mar 2013, 08:54 PM Reply Like
  • Graphitesa
    , contributor
    Comments (35) | Send Message
     
    Thank You Seppo, I learned something today. Im a poor guy, with my 2200 NOK shares, I plan to add more imminently ... because Im LONG.

     

    Just wanted to ask, is it normal to pay a broker $7 to buy any number of shares of a company and then AGAIN pay $7 to sell them in any quantity?

     

    AM i paying too much? I trade about 3 times a week, so 3 buys and 3 sells.

     

    Thanks
    27 Mar 2013, 03:26 AM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    Graphitesa: I know you were asking Seppo, but IMO that`s actually a pretty good price. I have 2 accounts, one is 9.95 per trade if the portfolio is over 50k, otherwise $30 per trade. Another is 6.95 per trade if you have 100k in worth with bank including mortgage, etc, otherwise 29.95 per trade.
    27 Mar 2013, 07:15 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » I have Fidelity account and I pay $7.95 flat each way.

     

    @graphite You might want to check around if you find a brokerage that charges e.g. a higher flat fee that gives you large or unlimited number of trades.

     

    But be careful with the fees, they can eat the profits easily. My rule of thumb is to swing trade NOK in lots of 1000 shares, i.e. lots of around $3-4k. So that e.g. 5% increase, i.e. $150-200 is still profit after $16 of fees.

     

    In general, I have noticed that my fees have been roughly 10% of my profits. Which is OK for me, although I am sure many do better.
    27 Mar 2013, 07:44 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    TD Ameritrade charges 9.99/trade, no minimum size or account holding Schwab is 8.95 per trade plus ADR fee, again no limit. I would say you are doing well. I didn't look at the big trades prices because I don't use brokers for my retirement, it is done through Lawyers on small, privately owned companies. My Brokerage accounts are my "Mad Money" If I lose it all, it will not affect my income.
    27 Mar 2013, 10:51 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    I would be hard pressed to calculate what% my brokers get as I let my accountant combine all my holdings every quarter. Add in dividends and it gets complex. The size of a "Position" varies with how much I want to allocate to a given sector. Right now I bailed out of my bank sector to hold both $INTC and $NOK.
    27 Mar 2013, 11:04 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    BTW SA Website has been hinky, Charles is unable to post, as was I for about 4 days. The "Publish" or "Reply" buttons wouldn't function, I couldn't even hit "Send" in the "Contact Us" part at the bottom to complain.
    BT2RSK you don't trade on a US brokerage do you? If so, you can get far better prices. You might use an international Bank to move money like Bank of America, and open an account here, depending upon your country's laws.
    27 Mar 2013, 11:07 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » " $NOK Says Indian Court Grants Stay on Unpaid-Tax Demand". Indian gov says Nokia has to pay $368M unpaid taxes due http://bloom.bg/YGW36e

     

    So it looks like that instead of what $2B, we are now talking about $368M. A major reduction. And with the stay in place this will be fought in Indian courts for decades.

     

    One monkey is off Nokia's back, one still remaining (supply issues).
    28 Mar 2013, 09:36 AM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    @seppo

     

    The tax issue is now not a risk for bankruptcy, and we have at least a 5 year courtcase ( like vodafone).

     

    Supply in germany is definetely improved, how is it in other areas ?
    28 Mar 2013, 11:43 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    Now that the tax issues has been put on the backburner, hopefully the next news we will hear is the sound of a joint Nokia/Verizon U.S. based "reveal" and launch date/price announcement for the L928. The U.S. knows what the Z10 and GS4 are working with, the floor is Nokia's until iP5S or whatever they're doing over in Cupertino.
    28 Mar 2013, 01:02 PM Reply Like
  • Urban Jaekle
    , contributor
    Comments (44) | Send Message
     
    it is great to see the relative strength of the Nokia bonds:
    http://bit.ly/14zdrek
    1) This shows that the NSN bond will be no problem to issue
    2) this shows that the stocks decline is due to massive short selling, pure speculation. The truth is in the bonds. Just my opinion.

     

    About Siemens: Yes, they will exit, quite sure- it was discussed in various german newspapers. The question is: What price does Nokias have to pay= Who will be the partner? I really don't have a good opinion about Alcatel-Lucent as a new partner- just my feeling. Nokia alone won't have enough cash? What are your opinions?
    28 Mar 2013, 04:47 PM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    There are many possibilities.

     

    Lets assume Nokia is back in the profit and stop burning cash, they could buy Siemens 50% in 3 steps.

     

    If NSN is really a cashcow, they can buy them from NSNs profits alone.
    28 Mar 2013, 06:27 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    @Urban Jaekle
    After looking at that bond chart, I believe that $NOK could float enough bonds to buy out NSN with help from some 3rd party for a minority stake. What worries me is the possibility of a Share Dilution to raise capital, not to mention that the current CEO of NSN is suddenly leaving without explanation. He apparently has done an awesome job of turning NSN around and his loss could be bad.
    28 Mar 2013, 09:13 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » NSN CEO exiting? I have not seen that anywhere.

     

    It was the CFO that got the boot, but then NSN was forced by the courts to take him back (not as FCP but still) or something like that:
    http://fxn.ws/X059Yr
    28 Mar 2013, 10:08 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    OK My mistake. I went back and saw it was the CFO
    30 Mar 2013, 12:00 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    More on job changes
    http://bit.ly/112dnAo
    30 Mar 2013, 01:10 AM Reply Like
  • Urban Jaekle
    , contributor
    Comments (44) | Send Message
     
    Seppo, you got it right. Nokia threw him out and Siemens forced them to take him back... Not a good sign of a good partnership. So it will end definitely soon - I guess it will be announced in April!
    Nokia can buy NSN completely only , if they raise further capital- my opinion (issue more bonds/ and or a share dilution). And NSN will be brought to stock market as a new company later - I guess. Short term this is pressure for Nokia but long-term it is good (especially if Smarthphone businees gets profitable); but Nokia becomes a takeover target then...
    @Solucky: If NSN is really a cashcow..., it will become more expensive to buy? (Siemens is not stupid, either?)
    29 Mar 2013, 09:55 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Who is this new proposed board member, Elizabeth Doherty, the Chief Financial Officer of Reckitt Benckiser Group plc?

     

    With her we will have three health care industry people in the board.

     

    And, there are no real big names on the board. All these people are simple career executives. I want Richard Branson... :)

     

    Seriously though, I would like to see representation from Dodge&Cox, the 6.4% owner of Nokia.

     

    Stocktalk discussion here:
    http://seekingalpha.co...
    29 Mar 2013, 10:04 AM Reply Like
  • Eld
    , contributor
    Comments (378) | Send Message
     
    NOK needs medical care due to stock under-performance :P
    29 Mar 2013, 10:09 AM Reply Like
  • Eld
    , contributor
    Comments (378) | Send Message
     
    http://on.ft.com/YMLqi1

     

    September 17, 2012 5:37 pm

     

    Reckitt and head of finance agree to part
    By Louise Lucas
    ©Bloomberg

     

    Reckitt Benckiser is parting ways with its chief financial officer of just two years – citing a mismatch between her “way of working” and that of the company behind Finish dishwasher tablets and Nurofen painkillers.
    Liz Doherty, who will remain at the household and personal care goods manufacturer until March, replaced Colin Day in 2009. Mr Day and Bart Becht, then chief executive, were a renowned double act on the investor circuit – setting a high bar for Rakesh Kapoor, Mr Becht’s successor, and his finance officer.

     

    New Reckitt chief finds no company can outperform for ever
    The change at the top comes with some investors still undecided over Mr Kapoor’s leadership of a company that – under his predecessor and in cheerier economic times – consistently outperformed peers.
    While has Mr Kapoor won over many sceptics by stamping his imprint on Reckitt with a fresh strategy that was unveiled in February, Ms Doherty raised a few eyebrows with some accounting decisions.
    Most notable of these was the inclusion of profits from one-off disposals taken ‘above the line’ – for example, as income earned in the course of its day-to-day business – in the group’s half-year results this summer. Mr Kapoor said at the time that this was normal practice, adding that the £30m involved was barely material.
    Ms Doherty, whose total pay package came to £910,000 last year, will be replaced by Adrian Hennah, chief financial officer of Smith & Nephew, the pharmaceutical company. He will join at the end of December, and work with Ms Doherty until March.
    Shares in Reckitt Benckiser initially rose strongly on the news. However, by afternoon trading the price was broadly unchanged.
    Analysts were unfazed by the switch over, pointing out that Ms Doherty was hired by Mr Becht a year before his own resignation. Some said that Reckitt Benckiser’s culture called for a more hands-on, operational finance chief, as Mr Day had demonstrated.
    Martin Deboo, analyst at Investec Securities, referred to this as the company’s “Marmite” culture. “It works for some, but not for others,” he explained.
    Others pointed to the surprisingly strong tone of Mr Kapoor’s comments on the departure. In a statement he thanked Ms Doherty for her “support” and “helping ensure a smooth CEO transition”.
    He concluded: “However, Liz and I have agreed that Reckitt Benckiser’s and her way of working are not as well matched as either of us would like, and now is the right time for her to move to a new opportunity.”
    Mr Deboo said that Ms Doherty had “struggled to win the confidence of the investment community in our view, so a change should be positive.” He described Mr Hennah, as “an effective, analytically-driven chief financial officer who is capable of providing an effective foil to a dynamic chief executive.”
    29 Mar 2013, 10:13 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Thanks @eld!
    29 Mar 2013, 10:34 AM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    Not joking but "healtcare" will be an issue for mobile devices in 5-10 years !

     

    Exspecially the relative old " western citizens ", i think about monitoring your health status via a smartphone, connected to a doctor.

     

    I think about apps and hardware to check your blood sugar, heart beat, blood pressure and other parameters. Connected to your Lumia, send to the cloud and analysed from a hospital.

     

    Pretty sure thats verry common in a few years.
    29 Mar 2013, 11:18 AM Reply Like
  • Eld
    , contributor
    Comments (378) | Send Message
     
    +1 solucky :)
    29 Mar 2013, 11:30 AM Reply Like
  • nic777
    , contributor
    Comments (103) | Send Message
     
    +1 Solucky, I makes a lot of sense. I would like to see Nokia innovate on this front. :))
    29 Mar 2013, 02:28 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    I can see huge possibilities in healthcare. Sending images to a Doctor, who can then upload them into a proper viewing system would be priceless. I can remember waiting hours for an image to come through from a remote site on Dialup.
    30 Mar 2013, 12:05 AM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    Sounds convenient and all, but it will raise a few eyebrows due to HIPAA privacy act. Just stoping by to rain on your parade. GO NOKIA!

     

    http://bit.ly/Z1pUXd
    1 Apr 2013, 11:14 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    While there are potentials to violate the HIPAA, we have been using remote telemetry for many years on systems far less secure. Early in my career, we had 5 hospitals in Iowa, the closest to any Radiologist was 30 miles, the furthest 90 miles. Transmitting images of say a Ultrasound to the interpreting Radiologist over 2400 Baud modems was almost as slow as driving there. However, 1 or 2 key images could usually be enough to confirm what the local Doctor suspected. With the new technology, I am sure firewalls and simple data protection, like taking out the sim card and filing it, would satisfy the Reqs. After all, the data is stored on digital or hardcopy format in unlocked rooms everywhere anyway. Since I have been out of the field since 97, I never read that act, but I am certain there must be Emergency Clauses for time-critical situations. A ruptured spleen cannot usually wait 90 min before hitting the OR. Another safeguard is to not transmit any patient-identifying data. Such data can be stripped and the Radiologist or whoever can be told over (potentially less secure) landline Phone. I wouldn't even need to know the gender of a ruptured spleen patient.
    1 Apr 2013, 11:50 PM Reply Like
  • turtledividend
    , contributor
    Comments (281) | Send Message
     
    I've heard that sending encrypted medical records through email falls within the current regulations. Unfortunately S/MIME is not yet supported on WP8.

     

    But as you say Old Warrior "I can see huge possibilities in healthcare." : )

     

    Dialing into a secured servers is definitely painstaking.
    2 Apr 2013, 12:56 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Exactly Turtle, I am not saying it is here now, just that there is great potential once they meet the Law. I do know now of Doctors that stay logged in to certain servers all night when they are "On-Call". Not on Wi-Fi of course, but on dedicated systems (Terminals).
    2 Apr 2013, 01:24 AM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    Seems NOK amd MSFT read our thread, they are definetely interested in mobile healthcare :)

     

    http://bit.ly/11P99t8
    24 Apr 2013, 11:05 AM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8584) | Send Message
     
    I think the healthcare tie in will really come to life with the iWatch, and MicrosoftWatch et al.
    These devices will be in direct contact with your skin and wrapped around your wrist no less. These devices likely be able to read skin moisture, temperature, pulse, blood pressure, and can probably function as a Blood Glucose Meter.

     

    I imagine these devices would simply beam the data over to your smartphone via bluetooth for processing (alerts, data logging, etc.)
    25 Apr 2013, 07:23 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Add in O2 Saturation as well
    27 Apr 2013, 01:21 AM Reply Like
  • BTR2RSK
    , contributor
    Comments (223) | Send Message
     
    Yep, just saw another documentary on baby boomers last night. Ka$hing.
    29 Mar 2013, 01:34 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Relatively long interview of CEO of NSN on the leading Finnish Newspaper:
    http://bit.ly/14Ee5Hx

     

    The journalist (not CEO quote) says that Elop has already a few times indicated that NSN should go solo. The paper then goes on to say that current general market situation is not good for an IPO though.
    30 Mar 2013, 12:30 PM Reply Like
  • Urban Jaekle
    , contributor
    Comments (44) | Send Message
     
    Elizabeth Doherty: This is nothing new! See Nokia`s report on general Meeting vom 24.01.2013: http://bit.ly/Z0dfNk

     

    New is this: Florian Seiche changes from HTC to Nokia!!!! (since the Indian head of emeging markets sales had been fired (because of tax affair???)

     

    http://tchno.be/Z0dg3y
    30 Mar 2013, 03:41 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    While I realize that the BOD is not required, nor has announced the intent to buybay or issue shares, I see where they voted authorization to sell as many as 750 million new shares, which at ~$3.4 would raise ~$2.5B. While this is not enough to buy all of Siemens 50%, added to floating bonds, they could go a long way that direction. If they were to finance the entire purchase with a new offering, I cannot see $NOK selling for much above where it is now for many years. Given the low interest rate environment, they may be tempted to borrow heavily. Either way, I would have to seriously reconsider my long position unless they do it after the share price has recovered considerably. What do you all think?
    30 Mar 2013, 07:41 PM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    I think that further liquidation (although undesirable) would be better suited for a Nokia specific agenda and not NSN. I don't think they want to dilute for NSN buyout but if a buyer for the other half does not emerge, they have customers and contracts they must satisfy and fulfill so a buyout may be necessary if no buyer emerges. I'm in the camp that thinks there is a buyer in waiting, LTE build out and LTE patents values will only increase going forward, someone wants "in" but it's a tuff business, very competitive and in NSNs damaged condition, a potential buyer won't have to overpay...they'll just be patient. We will see a new partner or a complete buyout IMO. However, I would not be surprised to see Nokia try to buy the other half, nothing shocks me when it comes to companies diluting, when they are in trouble.
    30 Mar 2013, 08:12 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    @ewmpsi
    What "damaged condition"? Last Q they provided ~half of Nokia's profit and still have ~70 contracts worldwide.
    30 Mar 2013, 09:08 PM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    "Damaged condition" NSN is part Nokia and part Siemens, Siemens wants out and Nokia is broke, yes, they are beggars in that regard, so a buyer could be patient. ;-)
    30 Mar 2013, 11:27 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    NSN could still be a $3-$5 company by itself if it keeps up generating revenue like it did last Q. It generated ~600M$ in Q4. counting both Nokia and Siemens 50% each. Having ~$4B in cash & Equiv isn't exactly Broke. Nokia is not expected to lose money this Q Est $0/share, so they should still have that $4B.
    Why do you say they are "Broke? have a Link or Reference?
    31 Mar 2013, 05:44 PM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    Broke in the American sense of the word (they are not cash rich), the cash on balance sheet needs to stay cash on balance sheet or we reignite the cash burn chorus of pundits. Nokia mostly can only afford to spend when they borrow, or dilute.

     

    NSN is valuable and it is worth owning (for Nokia or any potential buyer) but there will be a figurative and literal price to pay for using either A) cash, B) debt offering or C)dilution or D) *combination of any of the aforementioned. In short, the share price if they choose anything other than taking on a new partner is going to take a ding. Not because the price “has” to go lower, but because the silly people who invest cave to the day traders and the day traders “like” these types of binary events.

     

    This doesn't scare me, the day to day grind never does, just typing out loud ;-)
    31 Mar 2013, 08:07 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    As I stated elsewhere, I should have taken my profits and run @~3.65 on the way up, but I violated my #3 Rule-Make Sure the Management is good!
    Still long $NOK, but down about 15+% ATM. If Elop does not pre-release earnings around April 4, it could fall further.
    1 Apr 2013, 10:59 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    While $NOK is not debt free like $BBRY, they are not underwater like many Shipping companies with far higher SP's right now. Ashraf claims they have like ~$6B cash and equivalents, but we really won't know until the Q1 release. Here's hoping that they show at least a penny or 2 profit!!!
    1 Apr 2013, 11:56 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    BTW. I just started my first Instablog at http://seekingalpha.co...
    Far from finished product, but it's step 1 of my preferred way of looking for stocks to buy. Be Kind, it's my first attempt.
    2 Apr 2013, 01:27 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Tomorrow April 3rd is the big day for NSN:
    http://bit.ly/10uHVs7
    2 Apr 2013, 10:38 AM Reply Like
  • solucky
    , contributor
    Comments (7527) | Send Message
     
    The correct original version from Siemens is sell or REDUCE there NSN position. I dont belive that they found someone that buy Siemens 50% for a good price, and alcatel have enough problems themselve.

     

    Another problem might be if Siemens sold there 50% under value, NOKs 50% will loose value too.

     

    For an IPO guess investors will see a few more quarters with profit. So i think it will happen NOTHING this year.

     

    The only thinkable for me is that Siemens reduce there stake and NOK buy them lets say 10-15% with the option to buy the other 35% later.

     

    As second step after restructuring the phone business NOK can split the company and make an IPO from NOK NETWORKS.
    2 Apr 2013, 11:20 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    @Solucky
    Good ideas there. A gradual buyout would be a best case scenario IMO. They would have far more options that way. However, if NSN keeps growing, the price for each bite could need a bigger mouth.
    2 Apr 2013, 11:28 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Yet another Indian tax rumor. Now the Indian taxman is going to bill Nokia Finland 230M EUR directly. Finnish Kauppalehti: http://bit.ly/10S7bcs

     

    Anonymous source, less than two weeks before earnings. This is getting boring.

     

    English version here: http://bit.ly/14X5akn
    10 Apr 2013, 09:26 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Indian High Court pushes the Nokia Indian tax case back to tax authorities for 'fresh examination'. Pushing the case now back until May 31st:
    http://bit.ly/YXAUU6
    17 Apr 2013, 11:24 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1914) | Send Message
     
    Author’s reply » Some more info, go figure:
    http://bit.ly/10j1bxY#
    17 Apr 2013, 11:33 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2430) | Send Message
     
    Taxes are the least of their problems if they can't get product sold. Anyone hear any news about when/if Verizon will actually get Nokia 920 level Phones?
    18 Apr 2013, 07:50 PM Reply Like
  • ewmpsi
    , contributor
    Comments (1481) | Send Message
     
    You asked, so here is today’s hyperbole ;-)
    Nokia Lumia 928 Launches on April 25, May 2 Release on Verizon Wireless
    http://bit.ly/116pMRN

     

    They know how to sell devices and they have a device in the Lumia family that is popping up in all the right places as a definite “go” the question is when?
    Verizon’s posted monster numbers:

     

    Wireless Financial Highlights
    •Total revenues were $19.5 billion in first-quarter 2013, up 6.8 percent year over year. Service revenues in the quarter totaled $16.7 billion, up 8.6 percent year over year. Retail service revenues also grew 8.6 percent year over year, to $16.2 billion.
    •Retail postpaid ARPA (average revenue per account) increased 6.9 percent over first-quarter 2012, to $150.27 per month. As customers continue to add multiple devices to accounts following the introduction of the Share Everything Plan last June, Verizon Wireless has been reporting ARPA instead of ARPU (average revenue per user) on a postpaid basis since customers can share data among multiple devices.
    •In first-quarter 2013, wireless operating income margin was 32.9 percent and segment EBITDA margin on service revenues was 50.4 percent, setting record-highs.

     

    Wireless Operational Highlights
    •Verizon Wireless added 677,000 retail postpaid net connections, out of a total 720,000 net retail connections, in the first quarter. These additions exclude acquisitions and adjustments. Last year, net additions for retail postpaid connections increased sequentially each quarter, and Verizon expects a similar pattern of accelerating customer growth in 2013.
    •At the end of the first quarter, the company had 98.9 million retail connections, a 6.4 percent increase year over year