Report: Nokia to name NSN boss as CEO


Nokia (NOK) will reportedly name its Indian-born networks boss, Rajeev Suri, as its next CEO on Tuesday and outline what its strategy will be following the sale of its handset business to Microsoft, which could close today.

Suri has been considered the leading candidate to become Nokia's CEO after bringing profitability to Nokia Solutions & Networks (NSN) with a major overhaul.

Nokia could also announce on Tuesday how much it plans to pay out to shareholders with the cash that it's receiving from Microsoft.

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Comments (9)
  • mistong
    , contributor
    Comments (33) | Send Message
     
    Will Tuesday be an EX Dividend day if they to announce cash payout?
    25 Apr 2014, 04:38 AM Reply Like
  • jamesingram32
    , contributor
    Comments (578) | Send Message
     
    well....you would hope so....but the market ( I hope!) has not priced this in today!!
    25 Apr 2014, 05:11 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
     
    $1 per share special dividend.

     

    Let's do this.
    25 Apr 2014, 05:34 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (2146) | Send Message
     
    Nokai press release:

     

    Nokia completes sale of substantially all of its Devices & Services business to Microsoft

     

    http://seekingalpha.co...
    25 Apr 2014, 07:38 AM Reply Like
  • DWD Investing
    , contributor
    Comments (13201) | Send Message
     
    Seppo,

     

    Did you forget the last part of the headline?

     

    ". . . Share Price Drops, Like a Well Timed Watch"
    25 Apr 2014, 04:14 PM Reply Like
  • Gedankonomist
    , contributor
    Comments (1039) | Send Message
     
    I'd be satisfied with a smaller dividend, for them to take the cash and reinvest it for added growth. Didn't the price of the stock go down after the last earnings report, on account of lower revenue, even though earnings beat expectations?
    25 Apr 2014, 12:42 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13201) | Send Message
     
    If it's any consolation, volume has been really low the last 3 days. I mean price down on low volume, that's a positive.

     

    We'll know what direction SP is headed on Wednesday.

     

    4 more days.
    25 Apr 2014, 04:16 PM Reply Like
  • joshvegas
    , contributor
    Comments (524) | Send Message
     
    New CEO in action:
    http://bit.ly/1nYhsQ8
    29 Apr 2014, 01:53 AM Reply Like
  • jamesingram32
    , contributor
    Comments (578) | Send Message
     
    josh, great link. thanks. I like that he actually mentions shareholders. that is a first!
    29 Apr 2014, 03:57 AM Reply Like
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