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einarieinarise

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  • Nokia (NOK) signs a deal to sell its headquarters in Finland to scrounge up more cash. The home for Nokia's top execs sold for $221.9M. A statement from the company acknowledges it needs to continue to sell non-core assets as opportunities arise. [View news story]
    "As we have said before, owning real estate is not part of Nokia's core business and when good opportunities arise we are willing to exit these types of non-core assets. We are naturally continuing to operate in our head office building on a long-term basis," said Timo Ihamuotila, CFO, Nokia.

    This true quotation is an essential correction to the biased statement "needs to continue to sell".
    Dec 4, 2012. 08:38 AM | 1 Like Like |Link to Comment
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