|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Microsoft to buy Nokia Corp's Devices & Services Business (Transcript)
Posted by: Henhill69 (IP Logged)
Date: September 3, 2013 09:53AM
The following is an excerpt from the Transcript which can be found @ [size=13px; ]_[/size]http://stks.co/jjQk
Nokia's Chief Technology Office Organization and patent portfolio will remain within the Nokia Group. With this world class teams and assets we can drive further value by building on our leading edge innovation and advanced research and development capabilities as well as well as expanding our patent licensing activities. Subject to approval by Nokia shareholders, regulatory approvals and other customary closing conditions, the transaction is expected to close in the first quarter of 2014 at which point approximately 32,000 people are expected to transfer to Microsoft .
As part of the transaction Nokia will grant Microsoft a 10 year non-exclusive license to its patents at the time of the closing.
And Microsoft will grant Nokia reciprocal rights to utilize Microsoft 's patent in its HERE services. Nokia will as well grant Microsoft an option to extend this mutual patent agreement to perpetuity.
Stocks Discussed: MSFT, NOK,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.