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Nokia Corporation (NOK)

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4.8300+0.0300 (+0.62%)
At close: 04:00PM EDT
4.7800 -0.05 (-1.04%)
After hours: 07:57PM EDT
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  • A
    Alexander
    Good news for Nokia from Canada) Nokia stock should go UP today )
    "OTTAWA (Reuters) -Canada on Thursday said it plans to ban the use of China's Huawei Technologies Co Ltd and ZTE Corp (HK:0763) 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network.

    "We intend to exclude Huawei and ZTE from our 5G networks," Industry Minister Francois-Philippe Champagne told reporters in Ottawa. "Providers who already have this equipment installed will be required to cease its use and remove it under the plans we're announcing today."

    Champagne added that companies will be required to remove their 5G gear by June, 2024, would not be reimbursed. Companies using their 4G equipment must be removed by the end of 2027.

    The decision - widely expected - had been delayed amid diplomatic tensions with China. The rest of the Five Eyes network - which consists of Canada, the United States, Britain, Australia and New Zealand - has already banned the equipment.

    In September 2018, Canada first announced it would review the possible threats to national security in adopting Huawei equipment.

    Then in December of the same year, Huawei Chief Financial Officer Meng Wanzhou was arrested in Canada on a U.S. warrant, creating a long-running dispute with China that finally ended last September with Meng's release.

    After Meng's arrest, two Canadians were arrested by Beijing and accused of espionage. The two men were released the same day as Meng.

    Now diplomatic tensions between China and Canada have eased somewhat. On Wednesday, China removed a three-year restriction on imports of Canadian canola seed, reversing what was considered a retaliatory move for Meng's arrest.

    Thursday's decision comes after telecom companies in Canada already opted to use other companies' 5G hardware.

    China expressed opposition to this decision. "We will take all necessary measures to safeguard the legitimate interests of Chinese firms," foreign ministry spokesman Wang Wenbin told reporters in Beijing on Friday.

    A spokesperson for China's embassy in Canada said the alleged security concerns were a "pretext for political manipulation" and accused Canada of working with the United States to suppress Chinese companies.

    Alykhan Velshi, vice president of corporate affairs for Huawei in Canada, said in an interview with the Canadian Broadcasting Corp that the company is still waiting to hear "what sort of national security threats they think Huawei poses".

    Velshi said that Huawei still has 1,500 employees in Canada, mostly in research and development, and sold products like mobile phones, and would continue to do so.

    ZTE did not immediately responded to requests for comment.

    In 2020, Bell Canada and rival Telus (NYSE:TU) Corp - two of the biggest wireless providers - teamed up with Sweden's Ericsson (BS:ERICAs) and Finland's Nokia Oyj (HE:NOKIA) to build fifth-generation (5G) telecoms networks, ditching Huawei for the project despite using Huawei 4G gear.

    In addition to the ban, Public Safety Minister Marco Mendicino said Canada would draft new legislation to protect critical financial, telecommunications, energy and transport infrastructure from cyber threats."
  • J
    Joe
    Earnings per share will increase every quarter. Whatever little bit helps get us out of penny land and then slow upwards momentum from there. Unless of course they expand by buying some companies or expand their product line. Then it’s faster momentum. Anything and everything is possible when your cash positive, especially when is in the billions!
  • W
    WirelessBusHub
    Canada bans Chinese tech giant Huawei from 5G network | CBC News -

    "The federal government has banned Huawei from working on Canada's fifth-generation networks over security concerns — a decision critics say was long overdue."

    I'm surprised this was just announced today and not months ago, but some more good news for Nokia.

    Yahoo won't post the article, so search it yourself. Honestly, I didn't know
  • S
    Sweetheartface
    Nokia Press Release
    Espoo, Finland – Nokia today announced the launch of Nokia DAC Wi-Fi to offer more flexibility for industries connecting assets as part of their digital transformation. The Wi-Fi connectivity solution will be available in the Nokia Digital Automation Cloud (DAC) end-to-end industrial-grade digitalization platform.
    Wireless networks are vitally important to connect industrial assets for organizations implementing Industry 4.0 use cases. The secure, low-latency and reliable connectivity provided by 4.9G/LTE and 5G allows enterprises to access, analyse and act upon operational data in real time, for new capabilities and efficiencies. Traditionally, however, organizations use a variety of technologies to connect assets, including Wi-Fi, and as a result, many are upgrading to Wi-Fi 6 to improve capabilities for connected legacy assets and services.

    With the introduction of the Nokia DAC Wi-Fi solution, organizations can tap into license-free spectrum to augment their private networks and support non-business-critical Operational Technology (OT) workflows, such as deskless workforce instructions and non-critical connections used to access machine maintenance data. These organizations can now take advantage of the Nokia DAC single cloud-based operations and management interface for all connectivity technologies, add plug and play private wireless 4.9G/LTE and 5G for real-time reliable connectivity, or boost capacity with Wifi6 for other connectivity needs. This not only provides unparalleled flexibility, but also significant cost efficiencies that come with single platform operations.

    Michele Mackenzie, Principal Analyst, Analysys Mason, said: “Private wireless is likely to dominate OT critical connectivity needs over time, but Wi-Fi is likely to remain part of the connectivity mix used in industrial plants for a long time to come. The recent evolution to Wi-Fi 6 and 6E, that helps makes Wi-Fi more deterministic, also makes it more suitable for less critical high bandwidth OT applications. The addition of Wi-Fi to Nokia’s private wireless and MX industrial edge solutions is a natural evolution that allows Nokia to offer enterprises a single platform that unifies Wi-Fi and 5G connectivity for the enterprises’ future Industry 4.0 needs.”

    Stephan Litjens, Vice President of Enterprise solutions for Nokia, said: “By introducing the Nokia DAC Wi-Fi connectivity solution to our portfolio, we broaden our support for connecting machines, sensors and people to accelerate our clients’ Industry 4.0 journey. Moreover, with all data flowing into our MX Industrial Edge, we also make it easier for application developers and system integrators to create intelligent solutions as they can process that data in real-time on our open compute platform. With Nokia DAC Wi-Fi, we place connectivity choice firmly in the hands of our customers and offer a solution that best meets their digital transformation needs today and tomorrow.”

    Nokia DAC Wi-Fi, available in the fourth quarter of 2022, offers versatile connectivity deployment scenarios based on the unique needs of each customer:
    Wireless connectivity for customers that would like to start with Wi-Fi 6/6E to cover their IT and non-business critical OT operations, with a seamless evolution option to private wireless at any point as the need evolves.
    Wi-Fi 6/6E connectivity in addition to cellular private wireless networks to provide complementary capacity at hotspot locations for non-business critical operations. The customer always gets the best connectivity as Nokia DAC Wi-Fi solution interwork with cellular private wireless networks and provide a seamless user experience by being always connected to the best layer.
    Nokia MX Boost for private wireless running over Nokia MXIE can further improve connectivity depending on the use case requirements. Nokia MX Boost is a revolutionary innovation that allows companies to aggregate different radio technologies – such as private wireless and Wi-Fi - in order get maximum performance benefits from all radio layers.
    The Nokia DAC Wi-Fi connectivity solution will be offered with indoor and ruggedized outdoor access point variants supporting Wi-Fi 6 and 6E, as well as Wi-Fi management and Authentication, Authorization and Accounting (AAA) functionality. Nokia DAC Wi-Fi comes with a disruptive as-a-service subscription model in which the Access Points will be offered free of charge.
  • W
    WirelessBusHub
    As of today, 5/20/22, Nokia has purchased 20,829,808 shares since beginning the program on 2/14/22.

    Approx. $100M to date based on today's closing price of $4.83.
  • M
    Moe
    Canada to announce ban on use of Huawei and ZTE 5G equipment
  • A
    Alexander
    Nokia on Course to Hit 2022 Targets,
    but Investor Interest Is Low due to market turbulence.
    "1323 GMT - After Nokia's positive pre-announcement of 4Q earnings and upgraded guidance in January, its 1Q results were less spectacular, but still positive, Deutsche Bank analyst Robert Sanders says in a note. Overall, the Finnish telecom company should continue to see sustained growth in its network-infrastructure business, offsetting some supply-chain headwinds in mobile networks, Sanders says. This should put the company on course to post a comparable margin of 11.9% in 2022, versus the targeted range of 11%-13.5%, he adds. "The challenge with the stock appears to be record-low interest in the tech sub-segment of telecom equipment, which is a surprise to us," the analyst says. The German bank lowers its target price on the stock to EUR6.00 from EUR6.50 and keeps a buy rating"
    Note: 6 euro = $ 6, 30 at current exchange rate
  • D
    Dreamer
    You guys may recall trying to alert you to the "over-withholdings" that we would be subjected to. As US citizens, we are only liable for 15% pursuant to a Finland - US Treaty. Some of you said that your broker only withheld at 15% rather than 30%. I think you can now see that I was right. You now have to go through a daunting procedure of applying for a refund from the Finnish Taxing Authority. It may be worth some enterprising accountant to offer to take on the application process at a discounted fee or a contingent fee to be deducted from the recovered taxes. Otherwise, you will simply find it now worth the time and aggravation. I went through it several times and found it the most frustrating experience in a very long time. But if you have a sizable position, it may be worth it.
  • N
    Nicholas
    6,000 shares $124.95 before deductions of $7.50 and $43.73 (wish they just bought back more shares)
    05/17/2022 Dividend 0 NOK ***NOKIA CORPORATION SPONSORED ADR REPSTG 1 SER A $0.00 $0.00 $0.00 $124.95
    05/17/2022 Cash Movement 0 NOK ***NOKIA CORPORATION SPONSORED ADR REPSTG 1 SER A $0.00 $0.00 $0.00 -$7.50
    05/17/2022 Cash Movement 0 NOK ***NOKIA CORPORATION $0.00 $0.00 $0.00 -$43.73
  • A
    Alexander
    Nokia closed today in Helsinki UP at 4.6080+0.0240 (+0.52%)
    that's about $ 4, 86 at current exchange rate ( $ 1 = 1,0553 euro)
    The market is very sensitive to any bad news, but it is oversold in the short term and could recover at any moment.
  • D
    Dave
    Wow don't understand my statement. got a dividend in my 401k on 11100 shares with 2 different kinds of deductions. Did not get any dividend for my 3900 shares in my Roth
  • D
    Denise
    @NYSE,
    It is a shame you post the way you do because of your need to prove you are right and everyone else is wrong. You have some value to offer as you provide some good opposing views, but also lie about some facts. Anyway, nobody is betting on Abu as he never asked anyone to take any actions pro or con, just presented facts without proposing that he is right and nobody else knows anything. At this point you are wasted talent because you know you could offer more, but choose to engage the way you do for whatever reasons.
  • F
    Frank
    From my dividend of 7600, nearly 3000 was taken out for taxes and fees, am I the only one who would have rather had that money used for stock buybacks?
    Oh well, If I was NYSE, that would buy a lot of wine, he would stay so drunk that he couldn't post for a long time.
  • A
    Alexander
    We should see Nokia's dividend payment on our US accounts today or tomorrow.
    I'm planning to reinvest the dividend and buy more shares at today's low prices
  • D
    DM
    Finally, two days later, I received my dividends from two brokerages....more than I had before...not much, but a little more, and every little bit helps to move me richer, even if it is tough going for all of us; it is not Nokia, it's the societal problems out there, the market manipulators, the war and many other factors holding us down, but I believe in our Nokia. Bashers move on, but I say, stay with Nokia, as the financial numbers and the facts will show you what this company is made of, in the not-to-distant future - a powerhouse to reckon with!
  • S
    Sweetheartface
    Press Release Summary
     
    Nokia launches MX Boost for private wireless to optimize reliability and performance for the most demanding industry use cases
     
    • Unique patented Nokia MX Boost for private wireless allows industries to combine available radio technologies and spectrum to meet performance needs of Industry 4.0 use cases that often operate in challenging RF conditions
    • Multiple connectivity paths can be aggregated at the Nokia MX Industrial Edge (MXIE) helping boost either throughput, by combining radio links, or determinism, by retaining capabilities of the strongest one
    • MX Boost helps unify disparate radio technologies, such as Wi-Fi and 4.9G/LTE for maximum gains and more advanced industry 4.0 use cases
  • S
    Sunny
    Fidelity just told me..."I show that Nokia canceled the dividend that is payable 5/17/22. The next dividend payout will be 8/09/22 to shareholders on record on 7/26/22" can this be true?
  • W
    WirelessBusHub
    "Nokia: This Risen Phoenix Should Be In All Portfolios (NYSE:NOK)"

    Search article via Seeking Alpha

    Will Institutional Investors start to take notice in a challenging market?
  • A
    Alexander
    CSCO earnings may impact NOK's and ERIC's stock prices today
    Cisco reports big revenue miss, cuts full-year guidance))
    CSCO stock down 13% after hours
  • j
    jeremy
    Nice EOD, didn't get quite down to were it was yesterday but was still a good time to buy towards the end of the trading day.

    Lots of fear in the market, few more months of rough waters until we start to cool. Hang on and keep that head up Nok Fam!

    Will get where we're going soon enough. Have a wonderful weekend and be safe, take a walk, take a deep breath and be thankful to be alive!
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