Is there good news about Nokia that we’re just not hearing?

12 Oct, 2012

Seeking Alpha seems to think so:

For example, Nokia has provided guidance to investors that it intends to reduce its OpEx (operating expenditures) over time to an annual run rate of just $3 million euros.

Was this widely reported? No.

Or how about the fact that Microsoft has agreed to pay Nokia $250 million dollars a quarter for adopting its Win8 phone platform. (Says so right here in Nokia’s Q4 2011 quarterly earnings report.) This “platform support” payment is one of a series of payments that Microsoft intends to shell out to protect Nokia’s flagship Lumia line. This is a 5+ year subsidization agreement that represents up to a multi-billion dollar investment by Microsoft in Nokia’s success.

via It’s Raining Good News On Nokia – Seeking Alpha.

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About the author

Raf Weverbergh

Editor of whiteboard. Raf Weverbergh was a magazine journalist whose work appeared in magazines like Rolling Stone, Playboy, Mail on Sunday, Publico and South China Morning Post. He is the co-founder of FINN, a corporate communications agency where he advises startups and multinationals on their PR and Mustr, the easiest media database for PR professionals. You can contact him on Twitter, Linkedin or Skype (rafweverbergh).

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