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]
Isn't it quite normal that a stock that was up as much as NOK these last days, does now and then pause and retreats a bit?
Contrary to the debt of other countries, the Belgian debt is an internal, by its citizens, financed debt. Therefore Belgium isn't, like the USA, reliant on third parties for financing its budget deficit.
The economy has turned around and is performing, thanks to Germany, rather well. Unemployment is down to 7% in the Flemish Region and to about 9% in the Walloon Region. Income from taxes are quite up in 2010, and with the monthly budgets 2011 limited to 1/12 of the FY 2010 budgets, the Government expenditures are de facto reduced with the inflation rate of 3%.
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]
7 Reasons To Buy Theragenics For $1.75 A Share [View article]
Belgium ETF Threatened by Politics [View article]
The economy has turned around and is performing, thanks to Germany, rather well. Unemployment is down to 7% in the Flemish Region and to about 9% in the Walloon Region. Income from taxes are quite up in 2010, and with the monthly budgets 2011 limited to 1/12 of the FY 2010 budgets, the Government expenditures are de facto reduced with the inflation rate of 3%.