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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (61132)	3/19/2007 11:33:18 AM
From: scratchmyback	Read Replies (1) \| Respond to of 197009

<<Is Nokia issuing or reissuing a lot debt ... or planning secondary offerings?>> At the end of 2006, Nokia had no debt. Nokia's Cash and Other Liquid Assetts were €8537m, or about $11.3bn. No need for secondary offerings, I suppose.

To: rkral who wrote (61132)	3/19/2007 12:01:41 PM
From: Eric L	Respond to of 197009

Nokia's NY Corporate Facilities << Is Nokia issuing or reissuing a lot debt ... or planning secondary offerings? I>> Not that I know of. They have little debt to reissue. You might want to look at their recent 20-F filing with the SEC. As for secondary offerings, they are cash rich, and with excess cash have been buying back substantial shares on a programmed basis for going on four years, in addition to continuing to pay a dividend with a fairly handsome yield. << If none of the above, why exactly is CFO Rick Simonson headquartered in New York? >> Because Nokia is a multinational corporation in the increasingly virtual global village. New York is a global financial hub, if not the global financial hub, and Nokia ADRs have traded on NYSE since 1994 -- one of 3 exchanges they now trade on, down from 6 a few years back. Rick is, of course, a US citizen, as is Mary McDowell whose Enterprise Solutions Group is also headquartered in White Plains. Important enterprise solutions partners (IBM, e.g.) are headquartered nearby, and key PR personnel are also headquartered there. OPK spend a fair amount of time there and I'm under the impression he maintains a Central Park apartment. The White Plains corporate facility was established a few years back right after the major January 1 2004 corporate restructuring, and has been expanding since. Traditionally Nokia USA, once run operationally by current Nokia CEO, OPK, who hand-picked Rick as his CFO successor, has been headquartered in Dallas (Irving) close to the US wireless hub there, but their nearby manufacturing facility there has been winding down. It looks to me like Nokia USA headquarters will transition to NY if it hasn't already, and it looks to me like Dallas will primarily house Nokia Siemens Networks personnel (but that's just supposition on my part). Recently it was announced that Nokia's device sales organization will move most of its support functions from Irving, to Nokia's corporate facilities in White Plains. That's all I know on the subject. Best, - Eric -