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

Nokia Corporation (NOK)

Credit Suisse Group Technology Conference

November 29, 2011 3:00 PM ET


Timo Ihamuotila – Chief Financial Officer


Kulbinder Garcha – Credit Suisse


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.

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