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Nokia stockholders seen approving Microsoft deal

  • Nokia's (NOK) shareholders are expected to approve the sale of the company's devices and services division to Microsoft (MSFT) at a meeting today.
  • The sale is part of a €5.44B ($7.36B) deal that also includes the licensing of patents.
  • Nokia will be left with its telecom-equipment operations as its main business.
  • The transaction will boost Nokia's cash position to almost €8B, of which new investor Dan Loeb expects a "meaningful proportion" to be returned to investors.
Comments (27)
  • Randal James
    , contributor
    Comments (2808) | Send Message
     
    I hope Mr. Loeb gets at least enough to cover his commissions and postage.
    19 Nov 2013, 03:48 AM Reply Like
  • Timothy Bryan
    , contributor
    Comments (762) | Send Message
     
    I hope we get a buck a share....
    19 Nov 2013, 03:53 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (8291) | Send Message
     
    dia

     

    That would be the worst thing Nokia could do, considering it could, on the other hand, decrease it's debt load and invest in the company.
    19 Nov 2013, 02:01 PM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    I think NOK shares are worth more now than they were when this deal went through even though everyone was predicting that NOK shares would go to zero straight away, that didn't happen but they went up.
    If you believe that NOK will go to 1 buck a share you should sell and get out now, I would if I believed that.
    20 Nov 2013, 11:19 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (762) | Send Message
     
    ?? I want a buck as a special dividend....
    21 Nov 2013, 12:05 AM Reply Like
  • Randal James
    , contributor
    Comments (2808) | Send Message
     
    Maybe a sliding scale. Smaller holders who risked their own money and assumed a greater personal risk get the dollar you seek, where larger late-to-the-party quick-buck artists get 20 cents. On the winning side of that equation, seems fair to me!
    19 Nov 2013, 04:09 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4348) | Send Message
     
    Well RJ, that Loeb guy's got some cheek buying in late, and then telling Nokia what to do! Personally I see no need for any payout, at least until the "new" company is properly consolidated; they've got enough to be getting on with!
    19 Nov 2013, 08:20 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (8291) | Send Message
     
    Dan Loeb as a 2M share position in Nokia, which is about .000000000000000000000... of all shares.
    19 Nov 2013, 02:02 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (762) | Send Message
     
    If they paid a buck that would leave 7 billion net, and they could fund a .25 cent dividend from ongoing operations. This would have no effect on Nokia's operations going forward...
    19 Nov 2013, 04:19 AM Reply Like
  • MysteryGuest
    , contributor
    Comments (12) | Send Message
     
    Funny math there...NOK has something like 3.7 Billion outstanding shares, so paying a buck a share would be the same as giving half the proceeds from MSFT back to the shareholders. It ain't happening.
    19 Nov 2013, 04:45 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (762) | Send Message
     
    How is the math funny? 3.7 billion from 10.7 billion or so= 7 billion.

     

    I think they will probably give back 2 billion in a special dividend, though I want more.
    19 Nov 2013, 08:17 PM Reply Like
  • JoseV
    , contributor
    Comments (405) | Send Message
     
    A jump in the share price after the announcement would be much healthier for the company and long investors
    19 Nov 2013, 07:34 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (8291) | Send Message
     
    Yet it tanked so far. This stock is currently virtually unpredictable in a any way--rally before vote, sell off after approval. Very, very strange.
    19 Nov 2013, 02:03 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (762) | Send Message
     
    What Nokia will become in the future will not be different due to having 7 billion as opposed to 10 ....
    19 Nov 2013, 07:51 AM Reply Like
  • joshvegas
    , contributor
    Comments (374) | Send Message
     
    Agree, but 3B is a lot of money and big difference
    19 Nov 2013, 08:00 AM Reply Like
  • Timothy Bryan
    , contributor
    Comments (762) | Send Message
     
    But the difference 58 k of that would be in my brokerage account
    19 Nov 2013, 08:11 AM Reply Like
  • Doug Dallam
    , contributor
    Comments (8291) | Send Message
     
    Why not use that money for acquisitions and other revenue generating projects that increase share price a dollar on an ongoing basis? One off giveaways represents horrible management.
    19 Nov 2013, 02:06 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (762) | Send Message
     
    Your assumptions are that that they will not grow with 7 billion and will instead grow bountifully with 10.7 ? That is not the case in my view. Pay me a buck...
    19 Nov 2013, 08:21 PM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (1971) | Send Message
     
    Live blog, in Finnish here:
    http://bit.ly/1h0i8nk
    19 Nov 2013, 08:09 AM Reply Like
  • Stock Market Mike
    , contributor
    Comments (2261) | Send Message
     
    I don't want them to return any of it to shareholders. I want them to make strategic acquisitions and GROW. I want to see a $20+ share price in a few years.

     

    Likely to happen? Nope. I'll probably sell the pop if there is one on an announcement.
    19 Nov 2013, 01:23 PM Reply Like
  • Doug Dallam
    , contributor
    Comments (8291) | Send Message
     
    Stock,

     

    There was a pop, downward.
    19 Nov 2013, 02:06 PM Reply Like
  • Randal James
    , contributor
    Comments (2808) | Send Message
     
    dwd

     

    You've followed the news. There were two camps of thought who believed

     

    1) Microsoft would realize its offer was too cheap and would voluntarily throw an extra billion or two into the pot.

     

    2) Some wanted to believe that phantom offer from Finland (Nokita?) had more traction. Heck, I didn't learn anything about it until I'd already voted and while I appreciate the sentiment, the original Nokia was having a hard time competing worldwide, why should one with a different management team do better?

     

    On the dividend policy, I don't mind a small dividend if they think it signals that this is a solid company with good ongoing fundamentals. Lots of big tech names do that. Listening to some hotshot who wants a big cash payment is a waste of the board's time. This ongoing tweeting with Icahn and AAPL is insulting. I'd be tempted to retweet "Glad you like the company. Now sit down and shut up."

     

    Now if he wanted to get really serious and buy Apple outright, name a price, get shareholder approval, and you can do whatever you want. Name it iCrahpple, for instance.
    19 Nov 2013, 02:28 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (762) | Send Message
     
    What acquisitions? ALU? You think that will help the PPS? Pay me a buck and also grow to 15 off of patents and solid NSN performance.
    19 Nov 2013, 08:19 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (2261) | Send Message
     
    ALU has already risen too far. I'd be cheering if they had gotten it back around $1, since they could right that ship pretty fast with the same strategies that righted NSN. There might be a useful division or two, but overpaying for something (like they did NAVTEQ) is never a good idea.

     

    Nokia is a battered and bruised company making a comeback. They need to build up a financial stockpile and eliminate debt so that this cannot happen again, even if the market melts down. They should be looking for acquisitions that complement their NSN business, to enable the most comprehensive service to their customers. And they should go back to their roots, figuring out what is the next big thing. (R&D, patents, potentially disruptive innovations)

     

    A $1/share dividend is a disservice to any long investors that rode Nokia from far higher, if it hurts their growth prospects. Re-instating the slashed dividend, however - I would agree to that. (Perhaps adjusted to being quarterly)
    20 Nov 2013, 12:42 PM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    Hello, Hello, Hello, are you awake The stock went up .14 cents a share today to 7.94. If you didn't buy it below that figure, that was your fault, don't blame Nokia, and I like the 7 Billion, 10 Billion or whatever Billion, I just like the sound of that so I'll say it again.......BBBBBBBBBB... Sorry but SA won't allow me to finish it.
    20 Nov 2013, 11:29 PM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    BBBBBBBBillion's
    20 Nov 2013, 11:32 PM Reply Like
  • Randal James
    , contributor
    Comments (2808) | Send Message
     
    Pity the share count isn't in the MMMMillions.
    21 Nov 2013, 01:23 AM Reply Like
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