Nokia sells more real estate to raise cash
posted by Alan F. / Feb 12, 2013, 11:30 PM
On Tuesday, Nokia told the Finnish Stock Exchange that it had sold its Peltola campus for 30.5 million EUR ($40.8 million USD). The buyer was a company called Technopolis which provides business space in the country. 37,600sqm of the campus is rentable space. Nokia will lease back a small portion of the building.
Despite some success with its current top of the line Nokia Lumia 920, the company remains an also-ran in the global smartphone industry. The one time leader in the global smartphone market, Nokia is expected to soon introduce a new high-end Windows Phone model with a camera sensor similar to the 42MP one that adorns the Nokia 808 PureView.
source: GlobalNewsWire via BGR
Posts: 1158; Member since: May 27, 2012
Damn Elop.... Why the share holders are keeping him as a CEO till now ????? Nokia is the best phone maufacturer ever and it is extremly sad to see it collapsing Any way, I have a strong feeling that Nokia will come back, But when ? Just fire Elop, Please ..
posted on Feb 12, 2013, 11:32 PM 3
Posts: 20; Member since: Apr 16, 2012
get some classes on financial analysis and then you might understand why he isn't fired as yet
posted on Feb 13, 2013, 12:52 AM 7
Posts: 96; Member since: Dec 14, 2012
Does windows have fully rights over nokia?.... I dunno....if not why can't they make both windows and Android....HTC has both windows and android....nokia build and camera lens plus androids OS would equal a phone that would ideally destroy the competition....everyone can see that ....this CEO is an idiot.
posted on Feb 13, 2013, 12:03 AM 1
Funny, a lot of investors wanna sack Stephen elop but now they remain silent? They finally agree every elop action? Lol
posted on Feb 13, 2013, 12:06 AM 4
Posts: 308; Member since: Nov 09, 2011
Its a business, their forecast were going to be way worst. This is the best option for them with so much asset's they would raise a lot of money, as they finally recorded profit in a long time. Everyone things producing for Android would be better, i'm sure they don't know how difficult for Nokia to establish enough market share to even make profit in the crowded andriod market. Reason people, Elop is doing the right thing!
posted on Feb 13, 2013, 12:12 AM 7
Posts: 1256; Member since: Nov 12, 2012
so i guess nokia is suffering more than BlackBerry.... im sad for nokia!! i hope they now realize that WP isnt really the answer! i mean nokia is the real leader in innovation in the smartphone world! and symbian is the very first smartphone OS and also meego/maemo is the first mobile computing OS(remember maemo can run full linux apps on a phonesize, just like what ubuntu is planning to do)! so i still hope that they can keep the OS both!!! nokia can go on computers anytime with MeeGo/Maemo OS and support symbian coz belle fp2 really catch up with competition!! but then again, ELOP is there! this is still a fantasy!
posted on Feb 13, 2013, 12:17 AM 3
Posts: 41; Member since: Feb 12, 2013
nokia will rise again
posted on Feb 13, 2013, 12:35 AM 3
Posts: 121; Member since: Jan 05, 2013
But the question is when ? Its already too late for nokia to make android phones they should make it since 2011 and they killed the meego os they already failed to conquer marketshare with wp7 and they still makes one for wp8 which still too young compared to android or ios and now there is BB 10 which is quite promising
posted on Feb 13, 2013, 2:18 AM 1
Posts: 25; Member since: Aug 24, 2012
Nokia supports microsoft because they get some million dollars from microsoft which helps the company to run... In favour of few million dollars, nokia lost billion dollars
posted on Feb 13, 2013, 12:38 AM 3
Posts: 20; Member since: Apr 16, 2012
its not some, its actually a billion dollar in marketing, which helps nokia save their existing cash for other operations. I don't know why people bash at elop, check the ground realities, and come out of the android land
posted on Feb 13, 2013, 12:54 AM 4
Posts: 279; Member since: Aug 31, 2012
R.I.P Nokia lol :D
posted on Feb 13, 2013, 12:53 AM 1
Posts: 333; Member since: Jun 28, 2010
This is not really news, since Nokia has repeatedly stated its ongoing policy to divest non core assets on its balance sheet. If the real estate market can support a good sale price, with the option for Nokia to lease back an optimal amount of space,.all the better. It simply frees up cash for other activities. Looks to me like the CFO is doing his job.
posted on Feb 13, 2013, 1:00 AM 6
Oh boy the retards are out in full force this morning.. Are we going with doom and gloom again? You are all like a pull string toy with the same comments. This means little so stop thinking its the end for them....also WP8 most certainly doesn't suck.. Keep you myspace OS and I'll keep buying all. Reason you don't like WP8 is because you are scared that it might one day overtake your s**t Linux based os
posted on Feb 13, 2013, 8:01 AM 1
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