Linked by Thom Holwerda on Fri 25th Jan 2013 14:20 UTC
PDAs, Cellphones, Wireless Buried deep within Nokia's press release about its financial results, there's a line that pretty much signals the end of one of the most popular and successful mobile operating systems in history. With Nokia retiring its use, Symbian is no more.
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RE[6]: Right
by Nelson on Sat 26th Jan 2013 10:49 UTC in reply to "RE[5]: Right"
Nelson
Member since:
2005-11-29

Nokia can walk and chew gum at the same time. Asha is showing impressive growth (Thanks Mr. Elop) and if they can keep up the pace, it will become a larger and larger part of Nokia' overall Mobile Unit volume.

Nokia has actually added capital to their coffers, they don't really have a resource problem at this point in time. A lot of these expenses are one time charges, pensions, restructuring costs, inventory allowances, etc.

Nokia is actually in a very good financial position now, their cash conservation is good.

What I find funny is how wrong the naysayers have been about Nokia. I'm sure it'll be dead any day now /s

Reply Parent Score: 2

RE[7]: Right
by tylerdurden on Sat 26th Jan 2013 21:51 in reply to "RE[6]: Right"
tylerdurden Member since:
2009-03-17

Nokia is actually in a very good financial position now, their cash conservation is good.


Not quite. Nokia's debt rating has been at junk status for at least the past 2 quarters, and most analysts have the stock as either underperforming or a hold. So they're having a hard time raising capital. Which is not good news given how much cash Nokia has been burning through the past few years (although they seem to have slowed down the hemorrhaging a bit lately).

Furthermore, Nokia just had their earnings call this week, and the missed their revenue window by 2.50 BILLION $$$ ($10.50 billion expected vs. $8.00 billion realized). Their year to year revenue took a 20% nose dive, and they are expected to have a negative earnings per share again.

Reply Parent Score: 4

RE[8]: Right
by Nelson on Sat 26th Jan 2013 22:10 in reply to "RE[7]: Right"
Nelson Member since:
2005-11-29


Not quite. Nokia's debt rating has been at junk status for at least the past 2 quarters, and most analysts have the stock as either underperforming or a hold.


I don't really trust rating agencies after the financial crisis. After all they rated subprime mortgage backed securities as AAA. Rating agencies are a sham. You do however raise a good point about the difficulty in raising capital.


So they're having a hard time raising capital. Which is not good news given how much cash Nokia has been burning through the past few years (although they seem to have slowed down the hemorrhaging a bit lately).


Yes, I'm looking at this in the context of the last few quarters. Their cash conservation is markedly improved. The YoY results are skewed because 2012 was mixed for Nokia.

What Q3 and Q4 show me though is that there is the beginnings of a recovery for Nokia, and there is a way out of the predicament. Its frail and anything can still happen, but I'm confident in that they are not in the precarious situation they were in even a few quarters ago where I was not sure if they'd survive the year.


Furthermore, Nokia just had their earnings call this week, and the missed their revenue window by 2.50 BILLION $$$ ($10.50 billion expected vs. $8.00 billion realized). Their year to year revenue took a 20% nose dive, and they are expected to have a negative earnings per share again.


Uh, Nokia didn't miss. They exceeded. Their EPS was $0.08 also beating expectation.

I just ran your numbers and you made the mistake of not converting Euro to USD before comparing it to Wall St. estimates.

Edited 2013-01-26 22:11 UTC

Reply Parent Score: 2