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  • Nokia (NOK -2.7%) ticks lower following a downgrade to Underweight from Barclays' Jeff Kvaal: he argues "neither Lumia nor Windows Phone has reached critical mass," and claims "CES checks showed few signs WP8’s promise is converting to sustained demand." Moreover, Kvaal believes Nokia, which expects to report 4.4M Lumia sales for a supply-constrained Q4, will need to sell 10M-12M Lumias/quarter for its Smart Devices ops to break even, assuming a €225 ASP, 20% gross margin, and €2B in opex. (April downgrade[View news story]
    I find it extremely suspicious that Barclays more than doubled their holdings in NOK during the last quarter of 2012. They are now one of
    the top institutional holders of NOK along with Goldman Sachs, Morgan Stanley and Credit Suisse. See the article at:
    Jan 15, 2013. 04:26 AM | Likes Like |Link to Comment
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