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Technology Stocks : NOK... without the BS

NOK 7.325

-5.7%

3:59 PM EDT

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From: Road Walker	9/11/2012 8:41:15 AM
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Nokia Siemens Looking to Divest BSS Unit as U.S. Telecos Spending Seen Flat in FY12 (NOK) (SI)6:39 AM ET, 09/11/2012 - Street Insider Nokia Siemens -- the joint venture between Nokia (NYSE: NOK) and Siemens AG (NYSE: SI) -- may be in discussions with several parties over the sale of its business support systems (BSS) unit, according to CEO Rajeev Suri said Tuesday in India. Suri has said that about six divestment have already taken place, all being non-core to mobile broadband or profitability not meeting expectations. Nokia Siemens' restructuring is on track, noted Suri, with the effort about six weeks ahead of schedule. Overall, Suri thinks spending by U.S. telecoms will be flat in 2012, with some rebound in investments during the second-half of the year. Shares of Nokia and Siemens are both indicated higher ahead of the opening bell Tuesday.

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