Nokia, das Comeback 2012 ......................

 

Finding Value in Nokia: Why this Finnish Technology Giant Deserves a Second Look

We recently highlighted Nokia (NOK) as a company which could benefit from the Windows 8 launch. But there is more to the Nokia story. Share price was up 12.2% on Wednesday, and 7.5% on Black Friday, before pulling back early this week. Rumors around Wall Street attribute the rally to strong Lumia sales in Germany.

My investment thesis for Nokia is complicated, but can be broken down into four main points. 1) Margin of Safety: Nokia’s impressive patent portfolio serves as a steady revenue source and significantly increases the liquidation value of the company, insuring shareholders against loss of capital due to share price depreciation. 2) Core Competencies: Nokia’s Mapping Technology segment and their Siemen’s Global Network segment show solid growth in profitability. 3)Emerging Markets: Nokia’s presence in emerging markets is growing through their feature phone line, Asha, which is especially popular in India and China. 4)Lumia/Windows Phone 8: Nokia has long been a niche player in the international smart phone market, but early sales seem to indicate aggressive pricing and innovative design of the Lumia 920 coupled with the long-awaited Windows Phone 8 mobile operating system will return Nokia to relevancy and profitability in the mobile phone market.  This return to profitability in their Mobile Phone Segment, coupled with the cost reductions in recent years, and the other factors previously mentioned, should return Nokia to profitability and cause the stock to appreciate significantly over the next year.

Margin of Safety:

Value Investors have always looked to invest in companies which possess a “Margin of Safety”, essentially a margin of safety is when for some reason the market price of a stock, is significantly below the intrinsic value of a company. This term explicitly differentiates between the price and value of a company. The price of a company refers to the current price shares are trading for on the stock market. The value of the company refers to the worth of the company as determined by one or more of various valuation methods. Nokia possesses this coveted margin of safety in the form of their patent portfolio.

Nokia owns approximately 18% of all necessary patents for LTE, which is used in iPhones, Android and BlackBerry. As a result, Nokia receives a commission from Apple (AAPL) on all iPhone sales. Nokia generates $646 million a year in patent revenue. This number is expected to grow as on November 28^th, it was announced that Nokia won a patent dispute against Research in Motion (RIM), the manufacturer of BlackBerry. RIM will likely be forced to pay Nokia royalties on every BlackBerry sold. Android manufacturers will also likely settle with Nokia in the coming future, as they use the same technology that Apple does. This additional revenue, combined with Android’s projected market share of the growing smart phone market would value the revenue from Nokia’s patent portfolio well over $1 Billion. Intellectual Property Analyst Florian Mueller predicts that HTC will settle with Nokia and agree to pay licensing fees since HTC recently has settled with both Apple and Microsoft and Nokia has brought 32 cases of patent infringement against HTC, the first of which began in Germany on 11/21/12. If HTC pays Nokia even half of what they pay Microsoft (MSFT), then Nokia will generate over $800 million annually from HTC alone. Nokia’s dominance of the necessary patents for 4G is similar to the dominance Microsoft held on 2G/3G patents, which MSFT successfully converted to an estimated $3.2 Billion in annual patent revenue. Nokia reported total revenue of 38.6 Billion Euro’s last year. If their patent revenue increases to match the levels previously seen by MSFT, as Florian Mueller predicts, that would be an increase of 1.98 Billion Euros, or 5.1% of total revenue.

Nokia is finally seeing their massive expenditures in Research and Development pay off. In the last 11 years, Nokia has spent over 10 times what AAPL has spent on Research and Development. The estimated lifespan of Nokia’s patent portfolio is approximately 13.8 years. This means that Nokia will be generating revenue off of their patents for the next 13.8 years. Intellectual Property analysts Envision have valued the future cash flows generated from Nokia’s US patents at approximately 3.8 Billion dollars. The Wall Street Journal valued the entire patent portfolio at close to $6 Billion (including European patents). This would value Nokia’s patents at about 1.40 a share, or about 44% of current share price.

More importantly for Nokia shareholders however, is that based on the precedent transaction when Google (GOOG) bought Motorola Mobility’s patent portfolio, which controls 6% of all essential patents for 4G, for $12.5 Billion, Nokia’s patents alone are worth more than the current market value of the company. Nokia controls 18.9% of essential patents for 4G, a testament to the quality of their patents, and has the 2^nd most mobile patents behind strategic partner MSFT with 15,897 US patents issued, and another 4,453 patents pending.  Nokia also has another 20,000 foreign patents. Nokia’s patent portfolio is demonstrably more valuable than Motorola’s $12.5 Billion patent portfolio. Analysts have argued that the patent market is cooling off and that Google grossly overpaid for Motorola’s patents. Nevertheless, even if Nokia were to sell its patents for the same amount, $12.5B, that would value Nokia’s patents at $3.37 a share. As a public company, Nokia’s board bears a fiduciary responsibility to the shareholders, the owners. Because of this duty to act in the best interests of the shareholders, before Nokia would be to declare bankruptcy, they would attempt to sell the company, or at least the patent portfolio. The value of Nokia’s intangible property would give Nokia a break-apart value greater than current market price. This gives investors a margin of safety, because investors can purchase the stock at current levels and still profit from the buy-out which would most likely result if the Lumia fails and Nokia becomes distressed.

Stay tuned for

2) Core Competencies

3) Emerging Markets

4) Lumia/Windows Phone 8

http://wire.kapitall.com/investment-idea/...t-deserves-a-second-look/

 

 

http://themarketsareopen.blogspot.de/2012/11/...nok-shares-rally.html

Nokia: Strooooong buy

 

Nokia sucht in einem aktuellen Stellenausschreiben nach erfahrenen C++ und Java Entwicklern mit Erfahrung, um eingebettete Systeme auf Linux-Basis zu entwickeln. Der Verdacht liegt nahe, dass Nokia demnächst auch das Android-Lager mit Geräten bedienen könnte.

Der finnische Smartphone-Hersteller Nokia hatte in den letzten Jahren wenig zu lachen. Der ehemalige Branchen-Primus hat sich tief in die roten Zahlen gewirtschaftet. Nach langen Verhandlungen wurde eine Partnerschaft mit Microsoft geschlossen. Der große Konzern hatte den Trend im Smartphone-Markt völlig verschlafen und der jahrelange Innovationsstillstand bei Windows Mobile hat dazu geführt, dass die Plattform drohte in der Bedeutungslosigkeit zu verschwinden. Von der Partnerschaft hängt möglicherweise die Existenz Nokias ab. Mit Windows Phone 8 Betriebssystem und den neuen Nokia Lumia Modellen wollen die Finnen nun wieder zurück in die Gewinnzone.

Ein kürzlich geschaltetes Stellenangebot bei Nokia lässt nun die Fachpresse aufhorchen. In der Ausschreibung heißt es: "We are looking for an expert C/C++ & JAVA engineers to develop embedded linuxdevice software and hardware drivers for our exciting new products. The candidate must have knowledge and experience working with mobile phone technology".

Natürlich ist es nur eine Vermutung für welchen Zweck Nokia die Entwickler sucht, aber dies könnte darauf hinweisen, dass ein mögliches Smartphone mit Google Android Betriebssystem in Planung ist. Die Idee nach neuen Absätzen im Android-Lager zu suchen ist dabei nicht abwegig. Durch die Ausweitung des Angebots auf ein zweites Betriebssystem könnte der Marktanteil und damit auch der Gewinn gesteigert werden. Zudem besagen Gerüchte, Microsoft würde schon selbst an einem Windows Phone Smartphone feilen und damit seinem Partner Nokia Marktanteile abnehmen.

http://www.notebookinfo.de/artikel/...-einem-android-smartphone/2766/

 

30.November 2012, 16:00 Uhr

http://www.investor-verlag.de/...ia-vor-einer-neubewertung/104149861/

 

die knacken wir locker heute...

gruss an die zittrigen die heute verkauft haben...Baldrian hochdosiert hilft:-)  

neuen Lumias, habe bei denen vor Ort angerufen....nix mehr da zum Verkaufen,,,Bestellung wird dringend erwartet.  

deshalb sage ich immer wieder: die Leute, die NOKIA kurz vor der Insolvenz sehen, haben nicht alle Tassen im Schrank. Sorry ist nur meine Meinung. NOKIA hat was drauf!  

Hallo

Ich persönlich bin auch ein NOKIA Fan und glaube, das Nokia mit dem LUMIA 920 ein wirklich gutes Produkt auf den Markt bringt. Die Kombination aus Win8 in Verbindung der weitaus besseren Technik als IOS/Anroid.

Alleine, dass Nokia auf NFC - Near Field Communication - anbietet ist echt mal cool! Autohersteller entwickeln für die nächsten Generationen auch NFC Features. Auch das Bezahlsystem wird künftig auf NFC getrimmt.

Zudem besitzt Nokia die LTE (4G) Technologie und eben Wireless Charging. Künfitg werden auch Tische in Restaurant/ Kaffeeketten bspw. mit Wireless Charging ausgestattet. Handy einfach auf den Tisch legen und es wird geladen.

Im Prinzip bin ich etwas verunsichert mit meinen Nokia anteilen. Ich habe bei 2.7 gekauft und hoffe/erwarte eigentlich nach wie vor aufgrund der guten Nachfrage und guten Technologie einen aufwärtstrend.

Nintendo hat ja heute seine neue Wii U gelaunched und die Aktie stürzt ab... Manchmal kapiert man´s einfach nicht, oder? Ich will nicht Nintendo mit Nokia vergleichen aber ich verstehe die Börse bei beiden Unternehmen gerade nicht, da sie gute Produkte bringen.

Was sagt ihr?

Grüße.  

Nintendo stürzt nicht ab.. Habe mich verschrieben... :-D.  

und 4Investors sagen .....Ich würde mich freuen wenn die Redaktionen dieser Blätter nicht immer mit teilweise mit 3 Tägiger Verspätung was zum Thema Nokia ins WEB stellen Beispiel heute 16:49 Uhr Die Deutsche Bank:Nokia  Verkaufen,Ziel  1,50 Euro...Bisschen mehr Kreativität würde nichts schaden....Im Übrigen macht die Deutsche Bank nichts anderes wie Goldman Sachs .......Verkaufen und Kurs 1,50 voten aber sich selbst dick eindecken.............  

Nokia Could Recover Ground From Apple And Samsung

Despite adverse conditions, Nokia Corporation (NYSE:NOK) is still the world’s second largest mobile phone maker, with a bulk of the market share from its long standing dominance in the cheaper feature phone category. The Finnish company has been trying hard to take more of the smartphone market, but the overall market share has been dropping. Nokia was the world’s largest cell phone manufacturer and had been for 14 very long years. And its in-house platform was the most popular mobile operating system, until the likes of Android came and took the market by storm.

Current Plight

Nokia Corporation (NYSE:NOK) posted the 3rd Quarter net loss of 969 million euros (US$ 1.27 billion) compared to losses of 68 million Euros for the 3rd quarter last year. The net sales of the company were down by 19% from 8980 million euros in 2011 Q3 to 7239 million euros in 2012 Q3. The sale figures were however more than the market expectation of average 6.9 billion euros, which resulted in a 9% gain for the company’s shares. Nokia-Siemens network registered higher numbers during the third quarter of 2012, backed by high sales of Infrastructure Equipment, and slightly higher sales of services. Nokia-Siemens registered 3.5 million euros in net sales in Q3 2012, compared to 3.4 million euros in Q3 2011.

Between 2010 and 2011 the company’s market share dropped more than 22%. On Competitor side Nokia is facing strong challenges from Apple and Android Based Phones such as Samsung Electronics Co., Ltd. (LON:BC94) and HTC Corp (TPE:2498). With the exponential rate of smartphone adoption, Nokia market share continues to fall farther behind the competition as it struggles to gain with its Windows based smartphones. Making matters worse for Nokia, is the sheer size and competitive moat that Google’s (NASDAQ:GOOG) Android OS now enjoys (75% market share). The Revenue of Nokia Corporation (NYSE:NOK) stood at 41.61 billion; much behind its two competitors, Apple which had revenue of 156.51 Billion and Samsung showed revenue of 104.61 billion. The Net Income of Nokia showed Negative at -5.67 Billion, whereas Apple Inc. (NASDAQ:AAPL) and Samsung not only showed positive Numbers, but they were much ahead of Nokia with 41.73 Billion and 8.65 Billion respectively.

Turnaround Quest

Nokia Corporation (NYSE:NOK), once the market leader in Mobile phones, is said to be going through a major restructuring phase for more than a year. The handset maker is leaving no stone unturned, in its quest to win back the lost market shares. The company decided to cut 10,000 jobs by the end of 2013 to cut on costs and also plans to implement an additional 1.6 billion Euros in cost reduction by the end of next year. Nokia Corporation (NYSE:NOK) would close facilities in Ulm,Germany; Burnaby, Canada; and its manufacturing plant in Salo, Finland. However its Salo R&D plant will stay open. At the same time, following a recent global decision to shift core manufacturing lines to Asian factories, to help cut costs and enhance the company’s competitive edge in growth market, Nokia plans to invest $50 million in its largest mobile phone production facility in Chennai, India.  Nokia sold the luxury brand Vertu to private equity group EQT VI in a deal leaving just 10 percent of it in Nokia’s hands. As a part of its restructuring strategy and also in an effort to return to profitability, the company will take a charge of 1 billion Euros ($1.3 billion) by the end of 2013.

In November of this year, Nokia acquired Earthmine, whose reality capture and processing technologies will be part of the 3D map making capabilities of ‘HERE’- mapping software developed by Nokia. AT&T Inc. (NYSE:T) announced that it will Sell Nokia Smartphones working on Microsoft’s Windows phone software hoping that it would give them a chance to break Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG)’s hold on the U.S. Smartphone Market. Nokia inked a deal with Oracle to include its location service platforms with Oracles’ business software. Nokia also entered into a partnership with BMW, Mercedez, Volkswagon, and Hyundai to integrate Navteq data, an in- vehicle navigation system. The Company also entered into agreements with Consumer electronics manufacturer Pioneer and Satellite navigation firm Garmin.

Nokia’s restructuring is not only limited to its operations, but also to its senior leadership. The Lumia maker have restructured or replaced most of its top executives, to boost fresh ideas. The company appointed Juha Putkiranta as executive vice president of Operations; Timo Toikkanen as executive vice president of Mobile Phones; Chris Weber as executive vice president of Sales and Marketing; Tuula Rytila as senior vice president of Marketing and Chief Marketing Officer; and Susan Sheehan as senior vice president of Communications.  DeVard steps down as chief marketing officer; Mary McDowell steps down as executive vice president of Mobile Phones; and Niklas Savander steps down as executive vice president of Markets.

What To Expect?

Despite the setbacks and intense competition from the players like Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co., Ltd. (LON:BC94), a recent report from Barclay’s, reveals the demand for new Nokia Corporation (NYSE:NOK) devices is encouraging and its cash position also looks ‘modestly better’. Also, a report from Yahoo China claims that the initial response for Lumia 920 is encouraging and the brand has already received 2.5 million orders for the device.  Many analysts have also started believing in the turnaround of Nokia’s fortune. The analysts expect the company to reach the break even point in the third quarter of 2013 and become profitable by the fourth quarter.

 For the third quarter, Nokia Corporation (NYSE:NOK) sold 82.3 million phones during the last quarter; 23.55 million more than Apple. The handset maker’s balance sheet also looks sound, with $12 billion cash and $6.75 billion total debt. According to the experts, company has enough finances to carry it through the changes in the marketplace and to develop smartphones that will get the company back to profitability

http://www.valuewalk.com/2012/11/...er-ground-from-apple-and-samsung/

 

Zenit schon lange überschritten.

Kann mir einer erklären, warum einer in apple einstiegen sollte, wenn man mit Nokia die turnaroundchance des Jahrzents vor sich hat mit einem lächerlichen Kurs von 2,50 im Vergleich zu apple mit 450 EUR???


Ich habe damals bei apple überlegt einszusteigen, als sie auf 8 EUR standen....soviel dazu..

dies Chance hat nun auch Nokia sich zu verzigfachen..

ich habe u. werde diese historiische Chance bei Nokia nutzten u. Verkaufe erst in einigen Jahren, wenn Nokia wieder die Nr. 1 bei den Smartphones ist....

u. dann sehen wir mit Sicherheit Kurse um die 50 EUR, davon bin ich felsenfest überzeugt.


Nokia hat das Zeug dazu....  

 

viele denken ja das Weihnachtsgeschäft ist das wichtigste aber die 2Wochen nach Weihnachten sind auch sehr wichtig das vergessen viele.

Also Kopf hoch Leute es wird besser sagt mir mein Bauchgefühl.

 

 

 

dann wäre das KZ 3,5 - 4,0euro m.M. nach Zielmarke und wir wären erst wieder auf dem Stand April 2012, wo die Aussichten vom Produkt her schlechter waren. Ich bin gespannt und habe deshalb mal jene Linien in den Chart gezeichnet.  

Moin,
bin noch eher ein Neuling... Kannst du kruz erklären wie du auf die Linien kommst?  

ich seh dass so,dass mit dem wechsel an der spitze von nokia,was übrigens nach meiner meinung längst noch nicht verdaut ist,das dauert noch das ganze nächste jahr hin,im positivsten fall einen strategie wechsel ohne gleichen erleben werden, (gefahr von eflop ist nicht ausgeraumt),also mit elop erfindet sich der  amerikanischen markt,der doch zunehmenden sich in eigener nabelschau befindet, ganz neu,der charismatische apfel(gott hab in selig),hat endlich seinenen bruder gefunden, also denk ich mal in usa nach 2014 werden apple u. nok gleichwertig im bezug auf nachfrage u. verkauf sein,und der  2te aspekt nok bleibt im wesen europa, (bin viel gereist, deshalb kann ich so sagen),d.h. alle anderen märkte sind wohlwollend offen ,..schreib nächstens weiter gruss an alle  

Was malst du denn da für Diagramme? Wer so etwas macht tanzt bestimmt auch seinen Namen! Bei Nokia geht es einen Tag hoch u. Dann wieder runter. Hier müssten mal Verkaufszahlen kommen damit die aktionäre wissen woran sie sind,bis dahin wird Nokia nur rumeiern!  

Nokia Intros PhotoBeamer App For Lumia 820 And 920

Of course, such a sharing option isn't totally unique; Apple does something similar with Shared Photo Streams in iOS. The twist here is the QR code, and as soon as you’ve scanned it, the app starts sending your pictures, caching them for fast performance as you scroll back and forth through a set. Images are streamed progressively from the device to the target screen. Thanks to this optimisation of the data, PhotoBeamer can work even on a standard 3G connection, as well as 4G and WiFi.

http://hothardware.com/News/...PhotoBeamer-App-For-Lumia-820-And-920/

 

Nokia (NYSE: NOK) is another mobile phone company in distress—down over 90% year to date—also trading with a incalculable P/E. The next five years for Nokia look bleak, as it is expected to see an earnings decline of 1% annually. The question then becomes: who would be good suitors for either Nokia or RIM? Google, Apple, Microsoft and Samsung are all major players in the mobile phone sector; Google recently purchased Motorola for $12.5 billion to put give it a hardware component to go along with its Android OS. RIM has a cheaper market value compared to Nokia—which trades at a $12 billion market cap.

The largest fund owner at the end of 3Q for Nokia was Arrowstreet Capital with 45 million shares, which was an increase of over 75% from 2Q. Other notable investors in Nokia, although all slightly downsized their positions, were Ken Griffin, D.E. Shaw, Ken Fisher and Steven Cohen.

http://beta.fool.com/insidermonkey/2012/11/30/...rce=eogyholnk0000001

 

Angeblich Chip von Apple nicht LTE fähig.😃
Lumia 920 klar im Vorteil!😉
Lumia 920 LTE fähig😃😜
Quelle:NTV.Ratgeber

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