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  • SocGen's Andy Perkins cuts his rating on Nokia (NOK) to "sell" from "hold" and slashes his price target to €1.80 from €3, saying that plunging handset sales, large operating losses and restructuring costs will burn into its cash pile, and "even bring into question Nokia's very survival." ADRs -4.7%.  [View news story]
    And he told you to BUY it in 2006 at $30 too. I remember the first time someone mentioned Nokia in an investment article, it said at $26 a share it was a steal. So I started watching Nokia and boy was it rated well. So when Nokia hit $20 I bought my first 100 shares. S&P rated Nokia 5 stars through January 2011! So they, like Andy here, told you to buy in the $20's, hold through the teens, buy again when we reached the high single digits, hold when we got to $5 and now sell when are at $3..

    Nokia is getting 1 billion a year from MSFT. At $1.8 a share that would value Nokia at $6.7 Billion.. They have more cash then that. Their losses were a large result of extraordinary expenses (massive layoffs. Google and Apple are paying Nokia Royalties of $600 million a year. This is one example, there are many others and will be more to come. However, the present day value of $600 mil at a 4% discount rate it is worth $15 Bill, a 3% discount rate $20 Billion, at 2% it is 30billion. Apple pays MSFT royalties too!
    So no matter what discount rate you use, its worth a hell of a lot more then 6.7billion as we are forgetting Nokia's Net cash/receivables of 8 Billion, the Billion from MSFT If they just closed up shop and managed their patent portfolio we would be talking at present value well above $20Billion.

    I have been buying more aggressively of late and am astounded by the negativity. These same people said Intel was dead 2 years ago, that ARM was becoming adopted standard and that they had lost their way... That MSFT as an investment was dead. They told you not to buy Apple when it was at $30, but to buy NOW when it is at $550...

    Beware what you read as nothing is real anymore. Misrepresentations, Bias, Conflicts of Interest, Propaganga etc have all made our News Feeds weapons of mass destruction. Who wants to take down a company? Lets start a rumor and short!

    May 14, 2012. 09:52 AM | 23 Likes Like |Link to Comment
  • Research In Motion (RIMM): FQ2 EPS of -$0.27 beats by $0.19. Revenue of $2.87B (-31% Y/Y) beats by $370M. 7.4M BlackBerry shipments, 130K PlayBooks. Shares +14% AH. (PR[View news story]
    Every short says the same thing. RIMM is dead! How can a company with zero debt, a reduction in quarter over quarter liabilities, positive cash flow and an increased cash position be dead? Customers such as the DOD, CIA, FBI, other foreign intelligence and Military organizations will ensure that RIMM does not die. Unless they voluntarily give up.. If you just add together all government clients, we can get a pretty good idea on expected BB10 sales and this of course would be at the low end, a worst case scenario. Being a user of the playbook, I can attest to the fact that others outside of government will buy a blackberry device. Every individual views value from a different light and the purchase of a 32G playbook for $235 was a no-brainer over the comparable $750 IPAD. I can use any social media, access any banking or financial website, play any game, launch any application that is available on the WORLD WIDE WEB. Some of these interactions are more efficient then the experience received from using an Ipad, others not as much. However, for a fraction of the cost and giving the life cycle for such a device, saving the $500 by buying the playbook over the Ipad is the savvy move for a rational investor that would like to retire at some point without government assistance. As that $500 bought me some Bank of America last January at $6 in my ROTH IRA which has now turned into $750 since BAC is at $9. Have I said that I could not be happier with the playbook. My daughter loves PBSkids and disney junior. She receives a better experience using those websites through my playbook, then with my wifes Ipad (which was giving to her by her brother who is a huge Apple fan). I laugh at all the fools who own a Apple product. Unless your a 2%'er, I doubt they any emergency savings set aside for 6-months, or $ their child's education and for their own retirement. As the statistics demonstrate, the average American has around $50,000 in an IRA approaching retirement, well short of what is required. In the real world, only the top 5% of the population has the economic feasability to buy a Apple product without significantly affecting their ability to make contributions towards retirement and save $ for other more important goals such as home ownership, home repairs, education etc. With the average national salary being around $40,000, a net value well less thanks to Federal, State and Payroll taxes, the average American would be spending almost 3% of their earnings on one device that will last for a few years. Apple has created millions of fools. As soon as you buy an Ipad, it loses more value then what it would cost to buy a playbook. The reality is, most people will still need either a laptop or desktop in addition, so the numbers are that much worse. When demand begin's to falter as Apple will never be able to maintain this level of consumption for a product selling at a premium, Apple will become the next Netflix, RIMM, NOK, Motorola, Lenova, HP, the list goes on...
    Sep 27, 2012. 07:46 PM | 7 Likes Like |Link to Comment
  • Lumia Is Coming To Verizon And Sprint Along With New Features [View article]
    Android is completely ad driven. Who the hell wants a phone that is a one way ticket for Google to direct advertisements towards you. I have the Droid Incredible and am awaiting the new Nokia Lumia once available via Verizon. I am not the only one who shares this and I am not the only one who will not pay the Apple premium. The world is full of early adopters, but for the rest of us, value is what sells...
    Jul 12, 2012. 12:40 PM | 7 Likes Like |Link to Comment
  • Research in Motion (RIMM) is downgraded to Sell at BMO, with price target cut to $9. Shares -3.5% premarket. [View news story]
    Really, that is one questionable call giving BB10 launch is weeks away. Another analyst playing favorites and giving their hedge fund clients another opportunity to cover there shorts before they get caught with their pants off.

    RIMM is as much as a sell is Apple is.....
    Jan 11, 2013. 07:16 AM | 6 Likes Like |Link to Comment
  • Mysterious Research In Motion [View article]
    Finally someone who rights facts and not fiction.
    May 14, 2012. 03:52 PM | 6 Likes Like |Link to Comment
  • Nokia: The Market Is Missing The Point [View article]
    Yes people do buy smartphones for the Camera. Facetime/Skype? I (current android user) would buy the new 47 megapixel Nokia phone in a heartbeat.
    One word: Social Media. You must be getting too old as you are not in touch with Generation x, y and z. Everyone I know is taking pictures, streaming video and sharing via their mobile device. My daughter (4 years old) went skiing, and my mom took pictures with her phone to share with the family in real time... Problem is? No phones can take a real picture! Cant blow them up! Quality is horrible and she has a I Phone.. When I was skiing at Jay Peak in 47 inches last weekend, I would of loved to have that phone. Who needs 1000 versions of the same game/app. I want a fully integrated camera so I can share images of high quality, stream video and capture life in the moment. Currently, no phone addresses this, at least until now! Go NOKIA..
    Mar 6, 2012. 10:40 AM | 6 Likes Like |Link to Comment
  • The Microsoft (MSFT) smartphone rumor refuses to go away. Though a company exec denied the rumor in June and suggested Microsoft won't compete with Windows Phone partners such as Nokia (NOK), BGR reports a "trusted source" indicates Redmond is working on a high-end smartphone, with a launch expected in the coming months. A Chinese site recently claimed Microsoft's phone will be sold under the Surface brand, and be available in 1H13. [View news story]
    What B.S. Later we will find out that all Surface products are manufactured by Nokia anyway. Since when does MSFT manufacture anything? They may design it, but at the end of the day they will not manufacture. So the question is, who will? Obvious answer would be Nokia.
    Oct 2, 2012. 12:55 PM | 5 Likes Like |Link to Comment
  • More on Nokia: The company has also received another bearish note from Bernstein's Pierre Ferragu, a long-time critic. Ferragu joins others in taking a cautious view of the impact of the Apple-Samsung verdict; thinks Q3 results could miss estimates; notes Lumia models are being heavily discounted in the UK, and says global surveys have consistently shown a "lack of consumer interest" in Windows Phone. He views Nokia's recent rally as a good shorting opportunity. [View news story]
    It's too bad were not in France during the French revolution so we can take the guillotine to those who spread deceitful bits of information for their own personal gain. Especially when that information is willfully aimed at the destruction on an economic entity. Nokia, like all companies, are the economic engines for any society. They pay taxes, employ people, buy/sell goods on a global basis. By employing people, they are enabling those soles to improve upon their economic status and therefore help provide for mobility within the social fabric's of our GLOBAL society. Spreading mis-leading information, falsehoods and straight out lies is a direct attack against all those who benefit from the existence of these entities such as Nokia. TI sells chips, Corning the glass etc, so it does affect the entire supply chain and thus the US as well. A century ago, these acts, the ones that serves to destroy such an entity and therefore the prosperity that is a result, would be sent straight to the chopping block!

    I am sitting with a droid incredible with its shattered screen, and have been waiting patiently for Nokia W8 and will be purchasing upon release at Verizon. I have used the Iphone (wife), Ipad (Wife), own a Blackberry playbook, which by the way its operating system or BB10 is phenomenal. So by saying consumer's have shown a lack of interest and placing everyone into one bucket, is really just a racist comment. All White's have a superiority complex, Woman can't drive cars, all Blacks get divorced, Jews are greedy, Muslims fanatical, Chinese are all cheaters. Whenever you generalize you end up with a biased and racist perspective.....
    Aug 29, 2012. 01:38 PM | 5 Likes Like |Link to Comment
  • Lumia Is Coming To Verizon And Sprint Along With New Features [View article]
    Marcap, if they were years behind Apple, why would Apple be paying them 600mil a year to use their intellectual property?

    And since Apple really has never invented anything, and just prepackaged others IP, how can they be ahead of anyone?
    Jul 12, 2012. 12:38 PM | 5 Likes Like |Link to Comment
  • Equities: Now As Cheap As They Were In 1974? [View article]
    Well written. Yields have never been this low. The last time treasuries outperformed equities over a 30 year period was in 1864, leading up to the Civil War. Are things really worse then they were?
    Jun 12, 2012. 10:40 AM | 5 Likes Like |Link to Comment
  • The "fully invested bear" [View news story]
    Interbank lending rates in China are spiking, China is no longer buying US treasuries, the FED is reducing its purchases of US Treasuries, Banks have mostly met the Tier 1 required Capital ratio's and are flush with Treasuries, who is going to step in and buy 60 Bil a month in US government Debt? The Consumer? I doubt it, no one in their right mind trusts the government at this point in time, or is willing to lock in 2.9% for a decade. When rates spike, we will see a wash out in equities and the coming crash won't be pretty. The algoritham's will all sell at once, and if it were to happy in the next week or two, their won't be any volume to support. Volume has been steadily decreases, so any bear raid will have little buying to support a sell off.
    Dec 23, 2013. 09:27 AM | 4 Likes Like |Link to Comment
  • Will The RIM-Pire Strike Back? [View article]
    When that employee tries to leave and take his phone with him/her, they'll learn the hard truth!

    A:) The phone's storaged and all of its contents will be deleted via poison pill to ensure the employee does not walk away with any confidential information.

    B:) That # becomes the property of the company and while you can keep your phone upon departure, you'll have to get another #.

    So knowing the facts, why would anyone want to use their own device for work?
    Jul 24, 2012. 10:38 AM | 4 Likes Like |Link to Comment
  • The big banks have their price targets and Q2 outlooks cut by Keith Horowitz's team at Citi. Net interest margins have slimmed, credit spreads are widening, and mortgage performance remains poor, say the analysts. XLF -0.6% premarket.  [View news story]
    Regulations have forced all banks to increase capital ratios, so in order to meet Basel , all banks have been gobbling up Government Bonds. By forcing banks to buy these bonds, we are forcing them to underwrite deficit spending. Then when questions arise as to the credit quality of a sovereign bond, value falls and banks need capital. Key issue is, the regulations are forcing banks to buy government Bonds knowing that they'll lose value in the future. When they lose value, politicians just blame the banks even though it was policy responsible.. How did Basel work out for Spanish banks who are trying to meet these new rules, by buying bonds that are losing value and lowering your capital ratios in the process. Hypocracy is disgusting! US banks like BAC has highest cap ratios ever, but continues to be downgraded. Why? Because Moodys knows their gonna downgrade Treasuries and that the banks will have to post even more capital. Anarchy anyone?
    Jun 28, 2012. 08:44 AM | 4 Likes Like |Link to Comment
  • Early feedback on Windows Phone 8 is positive, as pundits praise both its features and code compatibility with Windows 8. But many are disappointed Windows Phone 7 devices can't be upgraded - this could hurt Nokia's (NOK) near-term Lumia sales, even if some features will be made available via Windows Phone 7.8. However, one rumor suggests Verizon Wireless will begin selling a Nokia WP8 device as soon as September 5. High-end devices are already expected for Q4.  [View news story]
    You can upgrade 7 or Mango which is 7.5 to 7.8, but to get 8 it will require new hardware according to recent articles. Blackberry is dead? Why? you can upgrade there software! Android does not offer any upgrades in software, nor does Apple. So its still a step ahead of the competition.

    Nokia has sold 2 million Lumia 900 since it was released between ATT and China Mobile. I am not sure of the exact time period, but since it was not available until mid-April really, its been at best two months. With Windows 8 and the Lumia line being offered on Verizon, ATT, Sprint just here domestically, they're not gonna have any problems beating expectations, possibly even breaking records. I'm waiting with a cracked screen on my defective HTC incredible (they all have software bugs) and software that cannot be upgraded for W8!

    Also read that the Pureview technology will be available by year end as well. That is what I really want, Nokia Pureview running on Windows 8! And we have a new winner!!!!!!!!!!!!
    Jun 20, 2012. 07:58 PM | 4 Likes Like |Link to Comment
  • An Apple Investor's Case For Buying Nokia: #3 In Smartphones Is Achievable With Microsoft's Backing [View article]
    And Apple a decade ago was no Apple. For anyone who says Nokia is dead, they are the same who bought Apple at $400, not $40, they said Intel was hemorrhaging due to ARM based chips and Qualcom, and that Microsoft was A dinosaur left for extinction. The fact is, millions of today's youth have a much more positive experience with Microsoft. Today, unless you've been around using computers for a decade plus, all you know of Microsoft is Xbox. Xbox live has taking off and can build from just games to service really any content. Microsoft has Skype, which many forget will be/is the standard for video calls. Facetime is only good if you have an Iphone, but 92%+ of the population does not have An Iphone, many internationally are committed to Skype. My new LG Cinema Led has Skype, so once I set it up, I'll be able to call everyone except Apple users, who will be in the minority. Skype integration with Live Meeting, office products, Xbox live, Smartphones, TVs etc will continue to solidify its place and frustrations grow for those on a different platform.

    PS. The iphone now looks like a toy in comparison to the latest and larger Android and Windows based phones. The Ipad is no different then a laptop without the keyboard, add a wireless keyboard and you have a laptop. So if you really want something that is portable, then buy a 9 inch tablet, btw, the playbook from blackberry is awesome. Only complaint is lack of integration with certain tasks but that is really it and it's not like the Ipad has any better integration with Windows based software systems. The Ipad will be toast once someone comes out with a pure glass tablet. Gorilla glass 2 is as strong as steel, and a device made purely from this will be truly revolutionary. Corning has this vision, I'm sure someone is working on it and I doubt it is Apple as it would be a big change from current design. No company can maintain a permanent economic profit, the smartphone industry is growing rapidly, and even with declining Market share, Nokia can still increase sales(RIMM Too). With today's budget conscious shopper, will Nokia survive? 100%.Will Apple be able to convince people to continue to pay a premium for their prices products which really offer little advantages to the real world user, no.
    Long NOK.. Long RIMM.. Long Apple. Nok and Rimm will bounce once the long short trade plays out. Any hedge fund, is selling Rimm, Nokia, and using the proceeds from that short sale to buy Apple. We will see a short squeeze and this will occur sooner then later. Would you be short RIMM, around. BB10 launch?or Nokia. When Windows 8 is released?
    May 29, 2012. 08:53 AM | 4 Likes Like |Link to Comment