This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nokia's Management Presents At Nokia Oyj At Credit Suisse Group Technology Conference (Transcript)

Stocks in this article: NOK

Nokia Corporation ( NOK)

Nokia Oyj at Credit Suisse Group Technology Conference

November 29, 2012 3:00 PM ET

Executives

Timo Ihamuotila – Chief Financial Officer

Analysts

Kulbinder Garcha – Credit Suisse

Presentation

Kulbinder Garcha

Okay, I think we’ll get started. We’re very pleased to have Timo Ihamuotila, I think I got that right, the CFO of Nokia. I think he was going to speak for about 10 or so minutes and we’ll go into Q&A. So Timo, please.

Timo Ihamuotila

Okay, thanks Kulbinder and ladies and gentlemen, thanks for taking the interest towards Nokia. So in this small opening remarks, I will talk briefly first about Nokia’s strategy, then I will talk about our smartphones and mobile phones business and about our new product launches and finally, little bit about our financial targets both for the quarter and as well as then for longer term after the transition period.

And we’ll have plenty of time for Q&A after that. But first, before I begin, I need to remind you that any forward-looking statements I may make are predictions that involve risks and uncertainties, actual results may therefore differ materially from results we currently expect. We have identified factors that could cause such differences on pages 12 through 39 on Nokia’s 2010 20-F. I tried to say this faster than Matt Shimao our Head of Investor Relations.

So then to our strategy. So, first point to note about Nokia’s strategy is that, we have a very clear strategy very straightforward towards speed and accountability. And this is really, really important in a company which is in transition because we as many companies do this employee surveys and in our latest employee survey 70% of Nokia employees say, they are aligned, they understand the strategies clear. This is up from 40% and I think it is significant contributor to the fact that we have been able to increase the clock speed at the company.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs