Nokia Corp. (NYSE: NOK)'s third-quarter financials, out today, show the group is still turning a profit, despite sales being down pretty much across the board. Group net sales were down 22 percent year-on-year to €5.62 billion (US$7.73 billion), though underlying profits were up 139 percent to €215 million ($295 million). On the soon-to-be-sloughed-off devices side, volumes were up slightly compared to the immediately preceding quarter, but the high-end Lumia models apart, sales volumes are well down year-on-year. It will be interesting to see what Microsoft Corp. (Nasdaq: MSFT) does with the lower-end handsets when it gets its mitts on Nokia early next year. For the full details, including the numbers for the Nokia Networks and HERE units, click here. (See Nokia Sells Devices Business to Microsoft .)
The omens are good for Numericable-SFR 's IPO, which opened for subscriptions yesterday. Bloomberg reports that the French cable operator received sufficient demand to cover all the available shares up for grabs in the €652.5 million euro ($900 million) sale. (See Numericable Preps IPO.)
British boffins claim to have achieved data transmission speeds of more than 10 Gbit/s using so-called "li-fi," reports the BBC. The team, made up of researchers from several UK universities, used a micro-LED light to transmit data at a rate of 3.5 Gbit/s via each of the three primary colors that make up white light.
UK mobile joint venture EE has brought 4G LTE to 14 more British towns and cities. Among them is Canvey Island, mainly famous for oil and, more importantly, Dr Feelgood. Take it away, fellers…
Re: Numericable IPO My old cynical self says: just long enough for Carlyle and Cinven to cash in, thanks to the IPO, then take the money and run. As for Numericable, well, it's their new shareholders problem now. Hopefully there's some money left from the IPO.
On the French ISP landscape, Numericable is not doing too bad: FTTH deployments from telcos have slowed down due to high Capex; NC is leveraging their HFC and can match FTTH offers thanks to their DOCSIS 3.0 CPEs.
Re: Numericable IPO PE companiess cash in and reinvest it elsewhere; this is called 'capitalism', I believe. Numeribale is notorious for operating with very little cash (this, and not paying its suppliers).
albreznick, User Rank: Blogger 10/29/2013 | 9:24:52 AM
Re: british boffins? Thanks for bringing me and everybody else up to speed, Paul. One more question, tho. How can you be quite bald in an unkempt way? I mean, there's no hair to be kempt, is there? No offense, of course.
Re: british boffins? Oh come on Alan, get with the program. Living in Canada is no excuse. Anyone who's anyone knows that a 'boffin' is a very clever man (sorry, it has to be a man) in a white coat, usually quite bald in an unkempt way, who carries out experiments into things normal mortals can barely understand. Feel free to drop it into your conversations from here on in.