To: Moonray who wrote (131039 ) 4/16/2012 4:02:30 PM From: zax 1 Recommendation Read Replies (2) | Respond to >>>> OT: NOK at these levels is an unprecedented opportunity, and one that I took advantage of pre-market today, @4.17. :) I repeat: Nokia is a compelling investment opportunity at this time. This is clearly the wrong forum, but I was responding in my original post, and responding to you again to you here. Nokia Corporation (NYSE:NOK ) gets a reprieve from Moody’s, as the rating agency reaffirms its investment grade credit rating, after earlier downgrading it to Baa3 and maintaining a negative outlook. The current rating is said by Moody’s to arise from Nokia’s strong liquidity position and capital structure. The company held gross cash balances of EUR9.8B billion at the end of the first quarter, and a net cash position of EUR4.9 billion, as it focuses upon conservation of cash. Timo Ihamuotila, Nokia’s Executive Vice President and CFO notes that “We are making progress with our previously announced targets to reduce non-IFRS operating expenses by more than EUR1.0B in Devices & Services, and to reduce non-IFRS operating expenses and production overheads by EUR1.0B in Nokia Siemens Networks. Nokia is quickly taking action. Nokia will continue to increase its focus on lowering the company’s cost structure, improving cash flow and maintaining a strong financial position.” Nokia will release its first quarter results on April 19.
