Checks indicate demand for Nokia's (NOK -5.2%) Lumia 920 is "solid" at AT&T, but well behind demand for the iPhone 5 and Galaxy S III, says Raymond James' Tavis McCourt, who reiterates an Underperform. Moreover, McCourt thinks commentary from AT&T reps about the 920 "was very similar to the April launch of the Lumia 900, but with a lot more supply issues." He adds the 900 was on Amazon's top-10 bestseller list for 2 months, and that HTC and Samsung's Windows Phone 8 models also face supply problems. (previous: I, II, III) [View news story]
A couple of months ago the question was "Will NOK go bankrupt". Now the only problem is that the 920 is not selling as much as the iPhone! Well those of us who bought around EUR 2 are happy to have that sort of problem.
Nokia Up Double Digits, Lumia 920 Doing Well [View article]
And as we have seen from Nokia's Here for iOS app, Nokia should really concentrate on hardware and take all the help that it can get from MSFT on software.
The real question about Nokia is whether the "sold out" story reflects massive demand or whether it reflects insufficient production. So far, that is not known to the public. Nokia has experience of building and shipping lots of phones so one hopes that it is the former, but the latter is also possible. The author will find more up-to-date information at the website of Nokia Power User (no relation).
TIM Participaçoes, Telecom Italia's (TI) Brazilian unit, has signed 4G infrastructure equipment deals with Ericsson (ERIC), Nokia Siemens (NOK, [[SI]), and Huawei. TIM, Brazil's #2 mobile carrier, is aiming to launch 4G services ahead of the government's April 2013 deadline. [View news story]
It certainly seems that NSN is doing well with 4G infrastructure. Could it all be finally coming together?
Worth The Wait: Implications Of Cytori Therapeutics' $106 Million BARDA Contract [View article]
Maybe I will be proved wrong on this, but I have the feeling that if CYTX had needed to do a further (dilutive) equity issue, the last few weeks would have been the perfect time to do it: an upswing in share price followed by the announcement of the BARDA contract. The fact that they did not do it suggests that they are confident that they do not need to. Only time will tell for this company which for investors has showed plenty of promise, but sadly not much else, for some years.
Maxim weighs in on Cytori Therapeutics' (CYTX +18%) new government contract, calling it a significant strategic positive. The firm reiterates its Buy rating on the stock with a $10 price target. [View news story]
I like CYTX, but I would like to know their plans for cash flow. This seems to be a good time for them to offer more equity. I'd prefer to buy after the dilution rather than before.
Nokia Sum-Of-Parts: Not Cheap Enough [View article]
I know that it is possible to run iTunes on a Windows PC. Does anyone know if it will be possible to run iTunes on a WP8 smartphone? One of the things keeping me with Apple is the music that I have on iTunes. If I can take that with me to WP8 then there is no reason not to buy a Lumia.
Nokia (NOK +0.2%) will post a €0.25/share loss next year after losing €0.34/share this year, predicts BMO's Tim Long, who's downgrading shares to Underperform and valuing the company at just $2/share (purely on account of its cash and patents). Long predicts Nokia's Lumia phone sales will come in at a disappointing 20M in 2013, a figure that will fail to offset an expected 15% drop in industry feature phone sales. (prior downgrades) [View news story]
The risk/reward from the current share price is definitely in favour of being long.
Desperate to create some hype around the fall launch of a high-end Windows Phone 8 model, Nokia (NOK) is reportedly negotiating with France Telecom (FTE) and other Euro carriers about conducting exclusive launches, and sharing revenues along the way. The talks represent a departure from Nokia's traditional strategy of reaching as many sales points as possible. AT&T's deal to exclusively carry the Lumia 900 in the U.S. hasn't lived up to expectations, in spite of heavy marketing spending. [View news story]
Today's trading in US will be interesting. After yesterday's modest gains on quite high volume in a very down overall market, one should normally expect profit-taking and a lower price for NOK today. (NOA3.DE so far is holding steady in Europe but although Nokia is a European company, the US trading is more significant.)
If NOK holds yesterday's gains and the general market today is down, we could be seeing a recovery.
Nokia Upgraded Amidst Troubling Times [View article]
It's going to get worse before it gets better, but it will get better. My guess is that by mid-2013, with WP8 on the newer (not yet released) Lumia, and plans for a tablet well advanced, Nokia will be well up. The key is that business users will abandon BlackBerry but their IT departments will still not want to adopt Apple because Apple will be more expensive than, on purely technical criteria, it should be. It will be a choice between Android and Windows, and there is room for both. Android will be the budget system and Windows will be the premium. Within Windows, there will be room both for Samsung and for Nokia as the two premium manufacturers. In order to be a "buy" at these prices, Nokia doesn't need to win: it just needs to survive.
Nokia: It Is Time To Buy This Severely Undervalued Stock [View article]
@membersbounce: I also have some of those Jan 13 5 dollar calls. I like NOK and I am also long the common stock but I think my timing was a bit too optimistic with the calls.
Checks indicate demand for Nokia's (NOK -5.2%) Lumia 920 is "solid" at AT&T, but well behind demand for the iPhone 5 and Galaxy S III, says Raymond James' Tavis McCourt, who reiterates an Underperform. Moreover, McCourt thinks commentary from AT&T reps about the 920 "was very similar to the April launch of the Lumia 900, but with a lot more supply issues." He adds the 900 was on Amazon's top-10 bestseller list for 2 months, and that HTC and Samsung's Windows Phone 8 models also face supply problems. (previous: I, II, III) [View news story]
Nokia Up Double Digits, Lumia 920 Doing Well [View article]
Nokia: What Does The Future Hold? [View article]
I am long NOK.
TIM Participaçoes, Telecom Italia's (TI) Brazilian unit, has signed 4G infrastructure equipment deals with Ericsson (ERIC), Nokia Siemens (NOK, [[SI]), and Huawei. TIM, Brazil's #2 mobile carrier, is aiming to launch 4G services ahead of the government's April 2013 deadline. [View news story]
2 Aces Up The Sleeve: Nokia Lumia Sold By 13,892 AT&T, T-Mobile And Verizon Locations [View article]
Nokia WP8 Comes To Verizon And T-Mobile [View article]
Worth The Wait: Implications Of Cytori Therapeutics' $106 Million BARDA Contract [View article]
Maxim weighs in on Cytori Therapeutics' (CYTX +18%) new government contract, calling it a significant strategic positive. The firm reiterates its Buy rating on the stock with a $10 price target. [View news story]
5 Stocks Billionaires Are Crazy About [View article]
Nokia Sum-Of-Parts: Not Cheap Enough [View article]
Nokia (NOK +0.2%) will post a €0.25/share loss next year after losing €0.34/share this year, predicts BMO's Tim Long, who's downgrading shares to Underperform and valuing the company at just $2/share (purely on account of its cash and patents). Long predicts Nokia's Lumia phone sales will come in at a disappointing 20M in 2013, a figure that will fail to offset an expected 15% drop in industry feature phone sales. (prior downgrades) [View news story]
Desperate to create some hype around the fall launch of a high-end Windows Phone 8 model, Nokia (NOK) is reportedly negotiating with France Telecom (FTE) and other Euro carriers about conducting exclusive launches, and sharing revenues along the way. The talks represent a departure from Nokia's traditional strategy of reaching as many sales points as possible. AT&T's deal to exclusively carry the Lumia 900 in the U.S. hasn't lived up to expectations, in spite of heavy marketing spending. [View news story]
If NOK holds yesterday's gains and the general market today is down, we could be seeing a recovery.
Nokia (NOK): Q2 EPS of -€0.08 beats by €0.01. Revenue of €14.8B (-24% Y/Y) in-line. Shares +5.8% premarket. (PR) [View news story]
Nokia Upgraded Amidst Troubling Times [View article]
Nokia: It Is Time To Buy This Severely Undervalued Stock [View article]