Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
KEILALAHDENTIE 4 P O BOX 226 ESPOO FINLAND, H9 02150, FIN Phone: 0358018071 Fax: 358 7180 38787 Web: http://www.nokia.com
Industry:Wireless Equipment Sector: Computer and Technology Fiscal Year End:December Last Reported Quarter:03/31/12 Next EPS Date:07/19/12
Capital Structure Solvency and Cash Flow
Balance Sheet
In 1Q11, Cash and marketable securities was €9,931 million versus €9,102 million in 1Q10. Long-term debt in 1Q11 was €4,107 million versus €4,065 million in 1Q10.
Cash Flow
In 1Q11, Operating cash flow was €182 million versus €1,181 million in 1Q10.
Share Buyback/ Dividends
In 1Q11, NOK did not repurchase any shares.
Last edited Mon Jul 04, 2011 01:08 AM by dipayanbhattacharjee (Individual Investor)
Governance Social Responsibility and Employee Relations
Nokia entered into a 5-year agreement with Microsoft Corp. to install Windows Phone 7 software for all its forthcoming smartphones, thereby sidelining its own operating system Symbian and the much-hyped Linux-based MeeGo software. As per the deal, Microsoft will pay approximately $1 billion to Nokia for promoting Windows Phone 7 software. Microsoft will also get a royalty per handset from Nokia, once it starts to roll out the new Windows mobile phones in early 2012.
Acquisitions/Divestments
On June 29, 2011, Nokia Siemens Networks completed the acquisition of certain wireless network infrastructure assets of Motorola Solutions. On July, last year Nokia Siemens Networks and Motorola Inc. jointly announced that the companies entered into an agreement under which Nokia Siemens Networks will acquire the majority of Motorola's wireless network infrastructure assets for $1.2 billion in cash.
Last edited Mon Jul 04, 2011 01:09 AM by dipayanbhattacharjee (Individual Investor)
Recent and Upcoming Events
Major Risks
Competitive Pressure
• Mobile handset market is highly competitive and consumer-based in nature.
• Likely to face increased competition from Motorola in the emerging markets and new competition from China.
• Nokia Corporation’s product lines lack adequate differentiation compared to the leading models of MOT and Samsung.
• Pricing pressure from Korean and Chinese vendors.
• Other top players in handsets (Motorola, Samsung, SonyEricsson, and LG) have re-established profitable businesses.
Growth Impediments
• Handset growth rate is likely to decelerate.
• Potential adverse macroeconomic conditions.
• Emerging markets handset sales generate less cash.
Fundamental Risks
• Integration risks and/or inability to achieve cost savings.
• Declining trend in ASP is expected to continue.
• Weaker margins.
• Overhang on renegotiation of cross licenses between NOK and QCOM.
Last edited Mon Jul 04, 2011 01:10 AM by dipayanbhattacharjee (Individual Investor)
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Last Modification: Thursday 03 of June, 2010 08:30:40 CDT by WikiMigrationBot.
