Linked by Thom Holwerda on Fri 29th Jan 2010 22:42 UTC
PDAs, Cellphones, Wireless During the iPad presentation, I was rather perplexed by Apple's claim to be the largest mobile device company in the world. Apparently, I wasn't the only one scratching his head, as Nokia itself, and even the Financial Times, is calling Apple out on its juggling with figures and definitions.
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tyrione
Member since:
2005-11-21

"Apple P/E: 18.74
Nokia P/E: 70.00

The cash Apple has on-hand can make a hostile take over, take all of their IP and auction off what they don't want.

Apple doesn't do big acquisitions. Never has and has no need to do in the foreseeable future.
Apple's biggest acquisition was NeXT for $429 million.
"

Thanks genius. I worked at NeXT and Apple. I said it off-the-cuff to show if Apple wanted to part out Nokia it could and make a pretty penny doing it.

Reply Parent Score: 1

KAMiKAZOW Member since:
2005-07-06

Thanks genius. I worked at NeXT and Apple.

Obviously not in the finance department.... Especially hostile takeovers are so overly expensive for both parties, in the end there are only losers.

More likely candidates for takeovers are Motorola's cell phone business and Palm, though I hardly believe Apple has any interest in them. Nokia OTOH...

Reply Parent Score: 2

ariarinen Member since:
2009-02-07

"[q]Apple P/E: 18.74
Nokia P/E: 70.00

The cash Apple has on-hand can make a hostile take over, take all of their IP and auction off what they don't want.

Apple doesn't do big acquisitions. Never has and has no need to do in the foreseeable future.
Apple's biggest acquisition was NeXT for $429 million.
"

Thanks genius. I worked at NeXT and Apple. I said it off-the-cuff to show if Apple wanted to part out Nokia it could and make a pretty penny doing it. [/q]Those P/E ratios are based on old data!

And Nokia has plenty of cash on hand as well, they would have more but they pay dividends and buy back stock.

2nd Hostile takeovers is always a bad deal for the acquirer and their shareholders.

Nokias biggest acquisition was Navteq for $8.1 billion in 2007.

Reply Parent Score: 1