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Nokia Siemens (NOK, SI) has agreed to sell its optical networking business, which has struggled...

Nokia Siemens (NOK, SI) has agreed to sell its optical networking business, which has struggled to cope with tough competition and weak carrier capex, to P-E firm Marlin Equity Partners. One analyst estimates the deal, which affects 1,900 employees, could be worth €200M ($261M), depending on the patents involved. NSN has been busy slashing jobs and selling off product lines (I, II, III) this past year. The company's operating profit saw a €410M Q/Q improvement in Q3.
Comments (5)
  • akoshi
    , contributor
    Comments (88) | Send Message
     
    And it saves them 1.3 Billion USD in 2013
    3 Dec 2012, 10:59 AM Reply Like
  • Josh35102
    , contributor
    Comments (4) | Send Message
     
    Is this yet another indication of trouble for NOK?
    3 Dec 2012, 11:57 AM Reply Like
  • jimdart
    , contributor
    Comments (138) | Send Message
     
    the opposite
    3 Dec 2012, 02:13 PM Reply Like
  • akoshi
    , contributor
    Comments (88) | Send Message
     
    theyr shedding all the parts that are causing them to lose money.
    how do you translate that as being trouble for NOK?
    3 Dec 2012, 02:17 PM Reply Like
  • tadakauko
    , contributor
    Comments (18) | Send Message
     
    Nokia is shedding dead weight, to raise capital for the year end quarter, also it is planning to make an android smart phone.

     

    Nokia cant rely on MicroSoft being a great partner
    3 Dec 2012, 08:40 PM Reply Like
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