Nokia stock closes up 31% after announcement of acquisition by Microsoft
0. phoneArena 03 Sep 2013, 17:31 posted on
The outlook for Nokia was pretty grim yesterday, with one analyst saying that the company was looking at a "disastrous third quarter". Then, everything changed when Microsoft announced that it would purchase Nokia's Devices and Services division for $7.17 billion (including patent licensing). So, it's really no surprise that today was a huge day for Nokia stock...
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1. Kishin (Posts: 587; Member since: 30 May 2013)
Okay I understand
This Means MS is helping Nokia not total changing it and it will help bring better business and better products faster
15. ushoda (Posts: 9; Member since: 17 Aug 2011)
no, cause nokia no longer exist as a mobile phone company :C
23. james004 (Posts: 471; Member since: 15 May 2013)
so why are people buying nokia share? :s that company just sold all its assets, only thing it has remaining is the HERE maps :/
27. microsoftnokiawin (Posts: 913; Member since: 30 Mar 2012)
help me keep the nokia brand alive pelasehttp://www.change.org/en-AU/petitions/microsoft-nokia-keep-the-nokia-branding
18. rusticguy (Posts: 2826; Member since: 11 Aug 2012)
MS Embraced, Extended and then "Exterminated" as usual. M$ never helps.
20. veer.d (Posts: 85; Member since: 12 Jul 2013)
even with wp8 Nokia try to produce affordable smartphone like L520
now its not going to happen because microsoft just focus on profit margin
MS will try to monopolize the mobile market like it did with PC.
2. Googler (Posts: 813; Member since: 10 Jun 2013)
Nokia sells of their smart phone production and their stock goes up, not really sure that makes any sense. Seems like MS stock should have soared, they just purchased the Lumia line and all the staff that created it.
11. Commentator (Posts: 2340; Member since: 16 Aug 2011)
It makes sense because the portion that MS bought had been turning a loss. I'm not sure about the financials of HERE, NSN, and whatever else is left of Nokia, though.
14. Googler (Posts: 813; Member since: 10 Jun 2013)
I look at it from the perspective smart phones are replacing feature phones at an increasing rate, and Nokia just sold their smart phone lineup. If Nokia has plans for a new smart phone, it's a win win for both them and MS, Nokia gets the bucks and MS gets the ability to make their own phones. Not sure if I'm convinced Nokia has a new smart phone lineup in the works though.
3. sipha (Posts: 261; Member since: 12 May 2012)
Mmmh... am confused, these articles seem specific.. If Microsoft is buying Nokia's Devices and Services division, what other division is there?? Like why dont they just say microsoft is buying nokia??
5. freebee269 (Posts: 519; Member since: 10 Aug 2012)
Microsoft bought Nokia devices unit and the rights to use its patents for 10 years. If you think this is all that Nokia is then you don't know much about Nokia.
4. papss (unregistered)
So they didn't get the phone patents?
I also see Michael had to put his doom and gloom in there as usual.
19. rusticguy (Posts: 2826; Member since: 11 Aug 2012)
No. Patents are licensed. How can they get patents when Nokia makes a bilion/year from them.
6. Seo_Joo_Hyun (Posts: 65; Member since: 14 Jul 2013)
I really hope we see the beautiful nokia design and innovation that nokia has to offer after this acquisition
24. Kishin (Posts: 587; Member since: 30 May 2013)
I am not okay and i almost crashed because hearing that Nokia was purchased by MS
8. papss (unregistered)
If they are smart they will let them do what they need to do.. Material wise m$ makes great products IMO but lets see if they let them work the way they did with the Skype folks.
9. papss (unregistered)
Now m$ needs to buy bb to complete their patent folder
10. UrbanPhantom (Posts: 949; Member since: 30 Oct 2012)
Nokia is doing the same thing that Ericson did with Sony: sold MSFT their phone division, and in doing so got rid of their debt, whilst keeping the profitable network (NSN) and mapping divisions (HERE). That means Nokia can start making money again, and that Microsoft now produces both feature and smartphones (Lumia).
None of this is particularly surprising, given that Elop was intimately tied with Microsoft before, although Nokia share-holders still have to agree to the deal in November. Unless Apple, Google, or some other entity decides to make a counter bid for Nokia, Microsoft will have the opportunity of getting access to hardware technology and patents for almost half the price that Google paid for Motorola Mobility. It may work out well for Nokia shareholders, though, if NSN is able to become routinely profitable, and HERE should fetch customers also who are left in the dark by being opposed to Google (i.e. Apple, Microsoft).
It's the end of an era for Nokia, and the start of something new for Microsoft, but never count softy out of the picture. They still have 60+ billion in the bank, and that will take a long time to exhaust. Also, Chrome OS has been unable to make any serious inroads thus far, and people are still using laptops and desktops for business and education. That means Microsoft probably won't dissappear any time soon...
16. Alex123 (Posts: 208; Member since: 17 Oct 2012)
I hope to see Nokia making own new smartphone (if possible) with android. I'll be always with you, Nokia. Make new smartphone with android please
22. kindlefireowner (Posts: 339; Member since: 05 Dec 2011)
Give it a rest. It's never going to happen. Nokia can't release any phone with their name on it until 2016. Even then only feature phones.
21. lumialove (Posts: 75; Member since: 16 May 2012)
68. lumialove posted on 11 hours ago 1
I don't know what to say on the new 'Microsoft - Nokia' partnership. Nokia, to be honest failed in creating challenging and capable smart phones and that lead to the fall of the giant. Apple, Samsung and Sony evolved very well when the market asked for better innovations. If, with the guidance of Microsoft, Nokia could come up with really stunning smart phones and tabs powered by Windows8, trust me, there is a real market for them for sure. First and foremost, people are getting bored with Andriod and wants a change. After Steve Jobs, Apple is not that tastier too [Dont know about 5S] ! So, its the perfect time for a revenge ! :)
All the best duos
25. Kishin (Posts: 587; Member since: 30 May 2013)
Done some research and found this, It may come to life