To: Jurgis Bekepuris who wrote (45228 ) 10/29/2011 1:46:54 PM From: E_K_S Read Replies (1) | Respond to of 78751 Hi Jurgis - What about the value of their Nokia Siemens Networks segment? I remember reviewing the terms of their JV agreement and believe Siemens has first right of refusal for acquiring the division. I am not too sure how their deals are structured but in China they do have several projects. I believe there is some type of reoccurring revenues from the service side after the network infrastructure is built. When I looked at it last year, I valued this division at between $2.00 - $3.00 per share but could be worth more to Siemans. This was their biggest asset that I found to have value but not really reflected in the share price. Their Network Division has built infrastructure Cell systems in South America (I believe in Brazil), the mid east and have several large projects in China. EKS Its Nokia Siemens Networks segment provides mobile and fixed network solutions and related services to operators and service providers. This segment offers various business solutions, such as consulting and systems integration; network and service management, and charging and billing software; and subscriber database management. It also provides managed services, such as network planning, optimization, and network operations; software and hardware maintenance, proactive, and multi-vendor care, as well as competence development services; and project management, turnkey implementations, and energy efficient sites. In addition, this segment offers fixed and mobile network infrastructure, including Flexi base stations, optical transport systems, and broadband access equipment, as well as network solutions.