Seeking Alpha

More on Nokia (NOK) Q3: net cash from operating activities -€429M vs. €852M a year...

More on Nokia (NOK) Q3: net cash from operating activities -€429M vs. €852M a year earlier. Achieves operating profit (non-IFRS) of €78M vs. loss of €327M a year earlier. Gross cash of €8.8B and net cash of €3.6B. Lumia volumes fall Q/Q to 2.9M ahead of launch of W8 devices. Overall mobile volumes increase to 76.6M from 73.5M, boosted by Asha phones. (PR)
Comments (18)
  • Seems that some shorts are going to get grilled today...
    18 Oct 2012, 06:36 AM Reply Like
  • Q3-2012 is the worst quarter and they improve ASP in smartphones, NSN returned to profit, things are looking brighter for Nokia.


    Smart devices will return to profitability when Lumia 920/820/810 Hits the world markets.
    18 Oct 2012, 06:37 AM Reply Like
  • Theres two magic words there: operating profit. Shorts better cover now - their positions can only get worse.
    18 Oct 2012, 06:40 AM Reply Like
  • here is the interim report
    18 Oct 2012, 06:45 AM Reply Like
  • I think from here on out the stock will just skyrocket after releasing the new Lumia 920/820/810 and lets not forget that tiny jewel the Asha line for feature phones..The Lumia 920 is already in high demand in Europe and sold out pre-orders. Qt4 will be very exciting!
    18 Oct 2012, 06:45 AM Reply Like
  • Asha are smart phones. Have a look at any Youtube video. They're competing and winning against low end android phones.
    18 Oct 2012, 08:47 AM Reply Like
  • Seems like a lot of needless pain. They should have peed their pants with Android. They would have been in a better position against Samsung.
    18 Oct 2012, 06:51 AM Reply Like
  • Why are people pushing the markets to a monopoly or a duopoly? Do you really want to come to a store and choose between an iPhone or a Samsung, an iOs or an Android? The more different software we have and the more phone makers we will have on the market, the better we will feel! A monopoly doesn't think about its customers, a healthy concurrent market does! A monopoly won't bring any innovation (the perfect example of it is Apple's new policy), while concurrence will bread the innovation, we didn't get for the last 4 years!
    18 Oct 2012, 08:15 AM Reply Like
  • My comment was about the decision by Nokia leadership to go with Microsoft and wait for Microsoft. Samsung, HTC and others can and will produce Windows phones. What advantage was gained by Nokia waiting? It has been a tremendous destruction of value, jobs and margins. I was just asking, for what benefit?


    Disclosure: I do not hold NOK stock, I hold APPL and sold GOOG in September. I also hold ARMH.
    18 Oct 2012, 02:22 PM Reply Like
  • Well if you were using a Windows Phone, or at leat testing one, you wouldn't be asking that. The experience of use is tremendous, not even comparable with Android. I would say that it's even much more innovative than iOS, but it might be arguable, and WP offers almost as much freedom as Android, which was the main argument against iOS. So for me, it's obvious that waiting is highly compensated. I should also make you notice that unlike Android, WP offers the same level of synchronization between PC and tablets, as Apple. So it's going to push people having a Windows 7/8 PC and a Windows tablet to buy a WP. The only negative point is that WP is also used by HTC and is probably going to be used by Microsoft itself. However, Android is also used by many phone makers, while Symbian showed us that programing OS isn't Nokia's strongest point.
    18 Oct 2012, 02:42 PM Reply Like
  • I think nokia will go up and down, but the trend is upwards from here on.
    18 Oct 2012, 06:54 AM Reply Like
  • Currently over +9% @ Helsinki Stock Exchange
    18 Oct 2012, 07:06 AM Reply Like
  • So nokia loses money per share and the share price goes up? kinda weird. But I am not complaining.
    18 Oct 2012, 07:10 AM Reply Like
  • It is a question of expectations. Since many investors believe Nokia is headed into bankruptcy because it will soon run out of cash, any evidence to the contrary is bullish.


    Now look for a sale of the Nokia Siemens Networks division for a further boost to the share price.
    18 Oct 2012, 07:27 AM Reply Like
  • Congratulations everyone (me included) =)
    18 Oct 2012, 07:35 AM Reply Like
  • Great news and sign at the beginning..
    But thing is fading right now..
    Pre-market up trend gone..
    18 Oct 2012, 08:52 AM Reply Like
  • WallStreet is controlling the shares of Nokia, just strange moves going on right now, I think its important not to close positions because of fear and if today is not going to soar, tomorrow will do.


    it looks like a "long-squeeze" right now
    18 Oct 2012, 09:08 AM Reply Like
  • I think Google just blew it. Which would explain all the execs jumping ship about now.
    18 Oct 2012, 02:22 PM Reply Like
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