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  • Thu, Dec. 1, 8:29 AM
    • Nokia's (NYSE:NOK) deal with HMD Global Oy, a new company formed to revive the Nokia brand in phones, has come into force with the goal of launching the first products in the first half of 2017.
    • "With a leading position in the feature phone market already, HMD has a significant global foothold... from day one," HMD said in a statement.
    | Thu, Dec. 1, 8:29 AM | 14 Comments
  • Mon, Nov. 21, 5:30 AM
    • Nokia (NYSE:NOK) is collaborating with the United Arab Emirates General Civil Aviation Authority for developing an end-to-end ecosystem to support an unmanned aerial network.
    • At the heart of the new system is Nokia's UAV Traffic Management concept, which will make the UAE the first country in the world to allow the operation of drones by both businesses and government agencies.
    | Mon, Nov. 21, 5:30 AM | 6 Comments
  • Tue, Nov. 15, 12:05 PM
    • Gaining on triple or more their normal volume:
    • Advance Auto (AAP +15.5%)
    • BBVA (BBVA +1.1%)
    • Eni (E +1.9%)
    • Global Payments (GPN +2.9%)
    • JD.com (JD +13.3%)
    • Visa (V +1.3%)
    • Sliding on triple of more their normal volume:
    • Allergan (AGN -2.9%)
    • Home Depot (HD -2.7%)
    • Nokia (NOK -4.3%)
    • Teva Pharmaceutical (TEVA -6.5%)
    | Tue, Nov. 15, 12:05 PM
  • Tue, Nov. 15, 9:17 AM
    | Tue, Nov. 15, 9:17 AM | 8 Comments
  • Tue, Nov. 15, 4:30 AM
    • "We are not Ericsson, Ericsson is in crisis" warned rival Nokia (NYSE:NOK), however, its own shares hit a 3-year low as it projected a 2% decline in its network market next year.
    • The Finnish company set out its outlook at an investor meeting in Barcelona, but expects the market and its business to return to modest growth in 2018. It's also planning to slightly increase its dividend.
    • NOK -4.2% premarket
    | Tue, Nov. 15, 4:30 AM | 28 Comments
  • Mon, Oct. 31, 3:14 PM
    • Nokia (NYSE:NOK) has confirmed that the offer period in its buy-out of the remaining shares of Alcatel-Lucent is over.
    • That brings an end to the time when existing holders of Alcatel-Lucent shares (and the bonds convertible/exchangeable into shares -- the "OCEANEs") could tender their securities into the offer.
    • France's AMF stock market authority will publish the results of the offer on Wednesday, coinciding with the squeeze-out of the untendered securities. Those will be transferred to Nokia with the same consideration as the public buy-out (€3.50/share of Alcatel-Lucent, €4.51/2019 OCEANE and €4.50/2020 OCEANE).
    | Mon, Oct. 31, 3:14 PM
  • Thu, Oct. 27, 12:27 PM
    • Nokia (NYSE:NOK) has tumbled in U.S. trading, down 7.6% and setting a three-year low today, after reporting Q3 earnings that missed on revenues as the company tried to ride out a weak market while holding out for synergies from its Alcatel-Lucent merger.
    • Revenues slipped 7% and missed expectations, as the Networks business fell 12%.
    • Net sales were weak in Mobile Networks (within Ultra Broadband Networks) and made up 80%f the decrease in the Networks business, it said. "IP Networks and Applications also contributed to the decrease. This was partially offset by growth in Fixed Networks within Ultra Broadband Networks."
    • "Nokia delivered solid third-quarter results," said CEO Rajeev Suri, though analysts largely said the report wasn't strong. The company targeted slight sequential improvements in Networks sales and operating margin and achieved those, he said.
    • But the road is set for similar declines ahead: "As we look forward, we expect [market] conditions to stabilize somewhat in 2017, with the primary addressable market in which Nokia competes likely to decline in the low single digits for that year."
    • Press Release
    | Thu, Oct. 27, 12:27 PM | 9 Comments
  • Thu, Oct. 27, 9:14 AM
    | Thu, Oct. 27, 9:14 AM
  • Thu, Oct. 27, 5:51 AM
    • Nokia (NYSE:NOK): Q3 EPS of €0.04 in-line.
    • Revenue of €6B (-6.9% Y/Y) misses by €500M.
    • Press Release
    | Thu, Oct. 27, 5:51 AM | 13 Comments
  • Thu, Oct. 27, 2:58 AM
    • Nokia's (NYSE:NOK) quarterly profit fell less than expected, boosted by resilient broadband demand and a patent licensing payment from Samsung.
    • Telefonica (NYSE:TEF) grew out its customer base during Q3, but decided to cut its dividend to speed up debt reduction.
    • Reflecting Brexit worries and investment delays, ABB's orders slipped while the firm appointed a new CFO.
    • Statoil (NYSE:STO) reported a net loss and cut its 2016 capital expenditure again due to persistently low oil prices.
    • Barclays (NYSE:BCS) posted big pre-tax profits on a bond-trading boom, but also revealed a £600M fine for mis-selling PPI.
    • Also see: VW back to profit after Dieselgate blow (Oct. 27 2016)
    | Thu, Oct. 27, 2:58 AM
  • Wed, Oct. 26, 5:30 PM
  • Thu, Oct. 13, 5:14 AM
    • Facebook (NASDAQ:FB) and Alphabet (GOOG, GOOGL) are joining with China's Pacific Light to lay an ultrafast internet cable between Los Angeles and Hong Kong, the latest sign of its U.S. backers' insatiable appetite for bandwidth.
    • Meanwhile, Nokia's (NYSE:NOK) Alcatel Submarine Networks has set a new record for cable transmission capacity for communications traffic - doubling its previous levels - as the company responds to a pick-up in demand from Internet firms.
    | Thu, Oct. 13, 5:14 AM | 4 Comments
  • Wed, Oct. 12, 7:33 PM
    • Nokia (NYSE:NOK) and U.S. Cellular (NYSE:USM) today formed the latest hookup to test 5G technologies for fixed wireless networking.
    • The companies have demonstrated using 28 GHz spectrum in an experimental FCC license along with Nokia's AirScale radio platform to stream six simultaneous 4K videos.
    • Both in outdoor line-of-sight testing and indoor testing (with drywall, windows and metal panels introduced as well as trees and foliage), the tests hit 5 Gbps with low latency.
    • The companies plan further testing of the standard, with an eye toward networking hard-to-connect mid-sized and rural areas.
    | Wed, Oct. 12, 7:33 PM | 3 Comments
  • Wed, Oct. 12, 6:36 PM
    • Ericsson (NASDAQ:ERIC) finished a brutal day post-profit warnings, losing 20.8% of market value in U.S. trading. That brings the stock to an eight-year low.
    • The company said sales fell 14% in Q3, and that may be just the beginning. More job losses are likely on the heels of 3,000 cuts announced last week.
    • Cost cuts aren't likely enough, says Cowen's Paul Silverstein, who reiterated a Market Perform rating and $6 price target (ERIC closed at $5.55 today on Nasdaq): "ERIC reiterated its commitment to previously announced 10B SEK cost reduction program; however, we suspect that it is likely to be insufficient to right-size the business and improve operating profitability. We also expect decreasing network sales and increasing mix of services to continue to create a challenging environment for gross and operating margins."
    • Ericsson faces a double whammy of declining broadband demand and internal problems as well, including a heavy cost structure and gaps in its product line. While Ericsson leads in mobile gear, it trails rival Nokia in fixed-line and broadband equipment.
    • Nokia (NOK, Ericsson's only publicly traded peer) took its own hit today, declining 5.6%.
    | Wed, Oct. 12, 6:36 PM | 22 Comments
  • Wed, Oct. 12, 11:18 AM
    • With heavy Internet demand straining infrastructure, Nokia (NOK -5.1%) says it's set a new record for undersea cable capacity.
    • Using dual-band fiber amplifiers, the company's Alcatel Submarine Networks unit says it's demonstrated a 65 terabit/second transmission rate -- the equivalent of 10 million HD TV channels at the same time.
    • The technology should be ready to deploy over the next two to three years, says ASN Chief Technology Officer Olivier Gautheron.
    • The unit is the market leader in submarine cable networks with a 47% share and more than 580,000 km of optical systems deployed.
    • The undersea cable market is set to explode with 33 new cable deployments worth more than $8.1B combined in the next three years, says research firm Telegeography.
    | Wed, Oct. 12, 11:18 AM | 12 Comments
  • Wed, Oct. 5, 7:26 AM
    • Nokia (NYSE:NOK) has acquired Eta Devices, a U.S.-based start-up specializing in power amplifier efficiency solutions for network base stations.
    • The company will bolster Nokia's push to enhance base station energy efficiency, an increasingly important area for operators on the path to 4.9G and 5G.
    • Financial terms of the deal were not disclosed.
    | Wed, Oct. 5, 7:26 AM | 1 Comment