Nokia will sell patents for the right price

Nokia will sell patents for the right price
Nokia is ready to sell patents if offered the right price to get the cash it needs badly, the company chief financial officer Timo Ihamuotila said.

"We will sell patents at the right price," Ihamuotila commented on the conference call after Nokia issues its second-quarter profit warning yesterday.

Nokia’s financial officer said that Nokia can afford to sell patents and still keep a competitive, solid base of intellectual property rights.

Right now, the Finns owe more than 30,000 patents and 10,000 patented innovations. Its research and development department - one of the first to suffer from the upcoming job cuts - is registering an average 1,000 innovations worth a patent per year.

So far, Nokia has been one of the least aggressive patent holders in the industry, but that might change as the company starts to need cash. Apple has already agreed to a one time payment (likely of more than $600 million) and ongoing royalties for Nokia patents.

source: Market Watch

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31 Comments

1. kach22

Posts: 153; Member since: Nov 04, 2011

Nokia would do better if they sell stefen E(F)lop instead.

22. TROLL

Posts: 4851; Member since: Apr 13, 2012

He,s taking Nokia down... The public should protest, send him to ICU... Nokia will be joing BB very soon....

29. Sangeet

Posts: 232; Member since: Apr 21, 2012

No one is going to buy him, cuz he has the power to bring any business down in just a matter of time, say in a few months He is just someone sent by the guy's from Microsoft and his aim is to make Nokia a part of Microsoft and nothing more than that. I don't know why the owner of Nokia can't understand this thing right

30. tegradragon

Posts: 68; Member since: May 23, 2012

Holy crap! This comment section has a LOT of 'likes'! I want some too!!:( Anyone?

2. neutralguy

Posts: 1152; Member since: Apr 30, 2012

What nokia needs is not to sell it's cash cow. It needs to change it's ceo who's acting not like a ceo but cfo. Seriously, these past few days, nokia's been too risky in it's actions that may occur to it's death. -.-

3. techsavvy.jaz

Posts: 163; Member since: Feb 07, 2012

Send the Elop guy back home(M$)..

4. rigorimpossible

Posts: 23; Member since: Sep 29, 2011

Kickout elop and bring back meego. Elop is abnormal.

5. rigorimpossible

Posts: 23; Member since: Sep 29, 2011

Kickout elop and bring back meego. Elop is abnormal.

6. thelegend6657 unregistered

Kick his sorry ass back to Microsoft . He is going to turn Nokia into a Microsoft slave

7. Bluesky02

Posts: 1439; Member since: Dec 05, 2011

Sell them to Samsung, then i'll buy Samsung Windows Phone only.

8. plgladio

Posts: 314; Member since: Dec 05, 2011

Stephen F(E)LOP..

9. kanagadeepan

Posts: 1207; Member since: Jan 24, 2012

01, Call Symbian a burning platform 02, Throw all S60 developers away 03, Say NO more development in Meego, even if N9 sells well 04, Sell N9 to very few countries at ridiculously high price 05, Close all mfg units other than in Asia 06, Sell Lumia900 for 99$ on contract, but NO CONTRACT for Symbian808 PureView 07, Sell most of VERTU division 08, Kick out all NOKIA Veterans and bring more p0isonous breeds 09, Cut as may workers as possible saying Restructuring 10, Abortion of Meltemi saying Series40 is soooo good (True when comparing WP atleast) 11, Lay all your eggs in weak WP basket and have NO PLAN B 12, Sell patents, your last weapon FINALLY----Sell N0KIA to M$ for DIRT-CHEAP.... Good progress Tr0jan H0rse.... --------------------------------------------------​--- ONLY N0kia can be this much stupid....

25. hiBreed

Posts: 90; Member since: May 29, 2012

You did figure it out, what's killin me is that nokia board members can't see it. Some people can't even stop an 'egg in slow motion' from crashing

10. 7thspaceman

Posts: 1597; Member since: Feb 14, 2011

Nokia must be dying when a company starts to sell its assets like PATENTS WHICH IS THE SIGN OF A COMPANIES HARD WORK AND PROGRESS IT'S ABOUT DONE! Microsoft you had better buy Nokia now because if you donot do it now you will loose a good OEM partner with patents that has made the only Windows smart phone that made the whole smart phone industry look at with ENVY. I predict Microsoft will step in with funds to help Nokia survive. they should at least buy Nokia patents to help them out instead of letting Apple or samsung or others buy them.

12. neutralguy

Posts: 1152; Member since: Apr 30, 2012

Dude, that's the main plan. Killing nokia and Microsoft will be the hero to save it.

11. lzsbleach

Posts: 155; Member since: May 20, 2012

This is dumb. They are very desperate, this is sad. Samsung should have bought Nokia but only for all them patents and then maybe apple will leave them a dam alone now look you got apple wanted to buy those patents so later on they can sue everyone for copying them.

13. remixfa

Posts: 14605; Member since: Dec 19, 2008

yea..... what? Nokia is going to sell its patents? Im assuming just a select few and not all of them. I could understand a cross liscencing patent deal of some sort to gain cash, but to sell your patents and retain the company is a whole different story. If anything, if the patents are up for sale, the company should be part of the sale as well, just like google buying moto. It paid the price for the patents and got the company for free. Well.. now it gets interesting. Nokia has a ton of important patents.. I wonder how much they are worth and who is throwing the cash down. Anyone but apple please. If apple gets a hold of those patents they will litigate the industry until they are the only ones left.

14. snowgator

Posts: 3614; Member since: Jan 19, 2011

Desperate? To stay afloat, yes. But there is no internal strife between Nokia's board and Elop yet. That is what seems strange. Sprint has got a fairly strong vision of it's future, and yet there have been some friction shown between the board and it's CEO. I will say this: I am sure there is a plan "B", which we will see if the WP 8 Lumina line does not sell well out of the gate, and if the Tango line doesn't do well in it's markets. (So far good in China, not sure about anything else.). Nokia will survive as a independent company. I just wonder what they will look like. As a WP fan, I still hope it is as the premier Windows Phone company. But, Android is still free, and UI's are cheap.

15. remixfa

Posts: 14605; Member since: Dec 19, 2008

I'd like them to survive as the premier WP company as I think in the long run they will swing back to heatlhy. If W8 is a flop though, they better find some wiggle room to make android handsets or find a buyer for them. The one good thing about the move to w8 is the easing of the hardware restrictions. If they make a super high end W8 handset and it flops, they can easily remake it with android and send it out for quick sales. I dont know about you, but a Nokia running ICS with that Proview camera, 4.3+ S=LCD2 or SA+ HD screen and an A15 processor would get my attention.

16. eltor

Posts: 1; Member since: Jun 15, 2012

Poor Nokia, smoked by Windows Phone 7!

26. hiBreed

Posts: 90; Member since: May 29, 2012

Ha! Good one

17. sonisoe

Posts: 440; Member since: May 06, 2009

one of those things, either you're ridiculously idiot or genius if wp turned out to be successful... and now we see which side elop is on... nokia's hardware on android, that would've been a killer...

18. cornerofthemoon

Posts: 619; Member since: Apr 20, 2010

Nokia's plan B should have been to develop both Android and Windows Phone a la Samsung.

19. PhansMuneeb

Posts: 371; Member since: Jan 28, 2012

Time to move on to Android :(

20. u-suck-more

Posts: 529; Member since: Aug 26, 2011

why not cross-license? you earn money and still get to keep the patents! why sell them away when they could be your best defence against patent trolls *cough*apple*cough* Nokia is making a lot of bad moves recently.. Nokia might as well just sell themselves away or shut down.. honestly, Nokia needs an internal mutiny, you know.. to kick out that flop of a CEO known as Elop

21. VJo003

Posts: 365; Member since: Mar 11, 2012

When a craftsman starts to sell its tool... you know the shop is about to be shut

23. downphoenix

Posts: 3165; Member since: Jun 19, 2010

They should go Android. Their fortunes would turn around pretty quick!

24. ilia1986 unregistered

Yeah, but I imagine most people would be offended to have a phone which has an operating system "which equals to pissing in your own pants" according to the CEO of the very company which makes this very phone. Sorry Nokia. You used to be great, but the moment you offended Android - no way in hell I'll be buying one of your devices ever again.

27. cornerofthemoon

Posts: 619; Member since: Apr 20, 2010

I love my Nokia Lumia 710. I hope it doesn't end up being the next HP Touchpad.

28. taco50

Posts: 5506; Member since: Oct 08, 2009

I hope Apple buys up a bunch of these and squashes android.

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