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mr wonder

mr wonder
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  • The Nokia Shorts Were Right All Along, And Fatally Wrong At The Same Time [View article]
    @ Wiesje,

    Sorry, but you are still not presenting any figures/ facts to back up your bold statements.
    It is a fact by spreading that "burning platform" memo, Elop caused unnecessary damage to Symbian sales. I always gave Elope the benefit of doubt, but now there are way too much pieces falling together that he was mainly acting in favor of MSFT.

    Ofcourse, it may be more appealing to chat about your and mine positions and heroic trading results, but that's next to the case.
    Sep 9 03:57 AM | 1 Like Like |Link to Comment
  • The Nokia Shorts Were Right All Along, And Fatally Wrong At The Same Time [View article]
    @ Wiesje

    #1. Nokia wasn't going to collapse at all. As I said they had EUR 9bn in Current Assets end Q2/13.

    #2. MSFT did not give any penny for free and they did not keep Nokia afloat. After Elop severly damaged Nokia with its "leaked" burning memo, Nokia received a $ 250mil/ quarter platform support. Now we all know that this was just a masquerade to support Stephen Elop ridiculous decision for going all in on WP only (leaving other OS-es out of the question).

    #3. Siemens did not take all of the restructuring costs. Nokia and Siemens were both 50% shareholders in NSN. I suggest you take a look at Nokia's notes made at the item "Provisions" on Nokia's income statements.

    But I am open to see your figures and calculation which lie beneath your bold statements.
    Sep 8 08:48 PM | 2 Likes Like |Link to Comment
  • The Nokia Shorts Were Right All Along, And Fatally Wrong At The Same Time [View article]
    Seppo, congratulations with your first article.

    However, none of the sincere doubts and questions raised in Abu's article are being answered.
    http://bit.ly/15Kk3bZ

    To me, the way how this deal took place seems to be a clear cut case of a conflict of interests. Stephen Elop had many incentives to act in favor of MSFT, his future employer, instead of his current employer.
    Nokia's balance sheet wasn't that weak at all. Nokia had more than EUR 9bn in Current Assets. The article presented by Redrut was based on some very negative assumptions, for example in his case existing working capital was going to vaporize and on top of that working capital was increased with a 14% over NOK's total revenue, provisions were based on the restructuring past, NSN was not going to contribute to NOK cash position every quarter, etc.).

    This MSFT deal was perfectly timed to take away the fruits which were finally starting to come to NOK longs. For all the losses and risks Nokia investors suffered the last four years, they now got a little dime and are expected to be happy with it, because Microsoft longs say so.

    I am looking forward for the BoD to take away any doubts about the integrity of this deal.
    Sep 8 06:53 PM | 7 Likes Like |Link to Comment
  • Questions The Nokia Board Of Directors Need To Answer [View article]
    Patents stay with Nokia, but it seems obvious that Microsoft will proceed with developping new patents (and additional ip income) based on the PureView technology.

    Good question though. Which brings us to a more general question.

    10. Which assets (current and non-current) and liabilities are disappearing from Nokia's balance sheet? For instance, how much of the goodwill is leaving with D&S?
    Sep 6 03:40 PM | 5 Likes Like |Link to Comment
  • Questions The Nokia Board Of Directors Need To Answer [View article]
    Abu, thanks for taking the time to sum up all doubts and questions many longs have concerning this deal.

    The current price presents the bottom in a new situation where the ball is in Nokia's shareholders hands. However, whether they are new or old, shareholders would be unwise to agree with this bargain deal for Microsoft.
    After all, Microsoft's mobil strategy is as good as dead without Nokia's D&S.
    Microsoft will become insignificant as compared to Google or Apple.

    It is not unthinkable that right now, Apple or Google or any big institutional investor invested in Google or Apple, could be buying Nokia shares in order to vote against this deal in November.

    In any case NSN will be a decent dividend creating engine.
    Sep 6 08:44 AM | 5 Likes Like |Link to Comment
  • Nokia: Come On Mr. Icahn, Come To Our Rescue! [View article]
    @ Techy46

    Things were going fine for Nokia D&S.
    They became stronger and showed progress QoQ.
    Financial results became better ever quarter.
    At that pace D&S would be profitable in Q4.
    The stock would be back at 4EU in Q4, the same level as it is today. The only difference is, we would be still owning D&S.

    D&S was one of the main reasons for me to buy NOK.
    As I shareholder, I do not agree with this price.
    Sep 4 05:08 AM | 1 Like Like |Link to Comment
  • Nokia: Come On Mr. Icahn, Come To Our Rescue! [View article]
    @ Abu, Genesis

    Great points. I fully agree.

    Some other remarkable question marks.

    1. MSFT paid more for Skype than they did for Nokia's Devices & Services and patents licenses.

    2. Very short negotiation period. China Mobile and Apple are negotiating for years now and they still don't have white smoke coming through the chimney. How hard did Nokia strive to get a fair value?

    3. There is a serious conflict of interests. Going back to Microsoft, Stephen Elop never could have been involved in negotiating this deal. MSFT easily could have promised Stephen Elop a billion bonus if he got them Nokia D&S.

    4. Is this acquisition the reason why Microsoft was lacking decent support for the last two years, not giving Nokia the means to compete with the same hardware against Android. Is this the reason for the utterly strange strategy making live hard for developers, no upgrade path for WP7.5 to WP8, etc.

    How about approaching Nokia's biggest shareholder Dodge & Cox?
    Sep 3 05:59 PM | 10 Likes Like |Link to Comment
  • More on Microsoft/Nokia [View news story]
    For the last two years Wall Street was valuing D&S at zero.
    NSN, its patents, HERE (as a valuable asset) and its cash, were thriving the stock, paying for Devices and Services to turn around.

    The rumor of Microsoft buying Devices and Sevices became true.
    This news will increase Nokia share price.
    So, a good day for Nokia longs!

    The question is did Microsoft pay enough.
    It is up to the shareholders meeting (everyone is invited) whether they think if the price resembles the full potential of D&S.
    Sep 3 02:33 AM | 3 Likes Like |Link to Comment
  • Microsoft buying Nokia's Devices & Services unit, licensing IP for $7.17B [View news story]
    For the last two years Wall Street was valuing D&S at zero.
    NSN, its patents and its cash, were mainly thriving the stock.
    Now the rumor of Microsoft buying a part of Nokia became true.

    In every way this purchase agreement is increasing the value of Nokia and the value of its share price.Now it is up to the shareholders (everyone is invited) whether they agree with the price or not.

    This is a great news for Nokia longs!
    Sep 3 02:11 AM | 2 Likes Like |Link to Comment
  • Nokia's Cash Position Explained [View article]
    Redrut, please explain.
    12.00000% of NOK is owned by institutional investors.
    Who is the rest? Why are you "as a professional" so occupied with communicating to the retail investing community?
    Aug 31 04:13 AM | 5 Likes Like |Link to Comment
  • Nokia's Cash Position Explained [View article]
    You know the name of the CEO of Siemens.... But your writing is just going nowhere. You are just posting empty bold statements with one purpose, trash the stock. The only sensible reason for doing so is because of a financial agenda shorting the stock. A phenomena seen more and more on SA, because it is read by many retail investors.
    Aug 31 03:59 AM | 3 Likes Like |Link to Comment
  • Nokia's Cash Position Explained [View article]
    @ AH
    "there was no offer"
    How do you know? Please disclose your sources.
    Aug 30 10:01 PM | 3 Likes Like |Link to Comment
  • Nokia's Cash Position Explained [View article]
    @ Andreas

    The financial results of Nokia are getting better every quarter.
    WP market share is growing every quarter.
    The amount of Lumia's sold is improving significantly.
    New Asha's are being introduced to complement the 501.
    New Full HD and multicore Lumia devices are introduced, most probably long before holidays,
    NSN is acquired at bargain price.
    Good reviews of all over the internet, from the Lumia 520 till Lumia 1020.
    Roll out of Amber update is started.
    New GDR update is expected in September.
    New WP 8.1 update is coming most probably at the beginning of next year.
    WP by now has already 170.000 quality apps, and is not polluted by tons of 4 year old apps which no one is interested in.

    This doesn't sound like Nokia is going to burn all its by the end of 2014. I also can't see any good reason to assume WP is broke and needs to be "fixed".

    Presenting the bearish side of a investment is greatly appreciated, but you are simply trashing Nokia and Microsoft by twisting bits and pieces and everything else you can throw at it.
    In case you can't find anything, you just use bold scary metaphors which are also used by some other "contributors" of the sell side.
    Aug 30 09:02 PM | 6 Likes Like |Link to Comment
  • Nokia's Cash Position Explained [View article]
    @ Stock Market Mike @ dhdhoora
    At the end of the agreement between, Nokia is free to use which ever OS they want. If WP still lacks decent support of Microsoft or serious traction amongst consumers, Nokia could pull the plug and jump to Android. Today announced HERE services are already offered to be compatible with Android.

    @ Andreas Hopf
    Yes.
    Aug 30 06:11 PM | 4 Likes Like |Link to Comment
  • Nokia's Cash Position Explained [View article]
    @ Andreas

    Always in for a gloomy forecast and some scary idioms.

    Why would ALU, ERIC or any other, want to own 50% and pay 50% of NSN fair market value?
    What is the interest of Black Rock, KKR, Fidelity to invest in 50% of NSN and then start to argue with Nokia and "wreak instant havoc" turning NSN into a miserable enterprise?

    Nokia did not have to buy anything.
    Siemens wanted out and Nokia was interested in a bargain.
    Siemens had two options, accept the best price offered, or stay in not succeeding in what they were saying for so long.
    They choose the first and Nokia got what it wanted for a bargain price. Nothing more, nothing less.
    Aug 30 04:59 PM | 4 Likes Like |Link to Comment
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