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Nokia shares - what happens now

  • 09-10-2013 1:56pm
    #1
    Static M.e.
    Registered Users, Registered Users 2 Posts: 3,093 ✭✭✭


    Hi guys,

    I have a few Nokia shares. What happens now that Microsoft have taken them over do I have to sell the shares or will they be replaced by Microsoft shares?

    Thank you


Comments

  • #2
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,125 Mod ✭✭✭✭AlmightyCushion


    Nokia are still in business, they just sold their mobile division to Microsoft not the whole company. Nothing will change with the ownership of your shares, you will not be forced to sell them.


  • #3
    Static M.e.
    Registered Users, Registered Users 2 Posts: 3,093 ✭✭✭Static M.e.


    Thank you AlmightyCushion, that's great to know.


  • #4
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    It might be worth your while seeing what the remaining business is like and deciding if you still think its a good investment holding the shares.


  • #5
    aido79
    Registered Users, Registered Users 2 Posts: 5,374 ✭✭✭aido79


    If you can sell them without making a loss then you should probably consider it. Its been a long time since nokia was a player in the mobile phone market and I can't really see what Microsoft would have to gain by taking them over. Its very unlikely that nokia will ever make a phone that can compete with anything that apple, samsung, lg or htc have to offer.


  • #6
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    aido79 wrote: »
    If you can sell them without making a loss then you should probably consider it. Its been a long time since nokia was a player in the mobile phone market and I can't really see what Microsoft would have to gain by taking them over. Its very unlikely that nokia will ever make a phone that can compete with anything that apple, samsung, lg or htc have to offer.

    Microsoft have purchased the mobile division


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  • #7
    aido79
    Registered Users, Registered Users 2 Posts: 5,374 ✭✭✭aido79


    gordongekko wrote: »
    Microsoft have purchased the mobile division

    Do they have any other divisions?


  • #8
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    aido79 wrote: »
    Do they have any other divisions?

    yes


  • #9
    Static M.e.
    Registered Users, Registered Users 2 Posts: 3,093 ✭✭✭Static M.e.


    Thanks for the input guys. I was going to sell them until I took gordongekko's advice and did a bit more research (which I should really have done first). It seems that Nokia might release two dividends shortly enough so I think im going to wait a few months. They stopped giving dividends for the first time in 143 years during the crises.

    It also seems that they can start making mobiles again in 2016 which gives them some times for serious R&D if they choose that route. Anyway, I think they are worth holding on to for a another six months to see what happens.

    To be honest, I took on them in the first place and Im already up quite a lot so I don't mind waiting a bit longer. When I first posted I thought I would be forced to sell them or they would be converted in Microsoft shares.

    Anyway, I'm still very new to all this so I have learnt lot from this thread alone so, again, thanks for your input. Appreciate it.


  • #10
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    Static M.e. wrote: »
    Thanks for the input guys. I was going to sell them until I took gordongekko's advice and did a bit more research (which I should really have done first). It seems that Nokia might release two dividends shortly enough so I think im going to wait a few months. They stopped giving dividends for the first time in 143 years during the crises.

    It also seems that they can start making mobiles again in 2016 which gives them some times for serious R&D if they choose that route. Anyway, I think they are worth holding on to for a another six months to see what happens.

    To be honest, I took on them in the first place and Im already up quite a lot so I don't mind waiting a bit longer. When I first posted I thought I would be forced to sell them or they would be converted in Microsoft shares.

    Anyway, I'm still very new to all this so I have learnt lot from this thread alone so, again, thanks for your input. Appreciate it.

    I seem to remember some ex Nokia executives setting up their own mobile company and using old Nokia technology to launch their own mobiles. Maybe with the new management in nokia you could see them rejoin and develop their platform in house again.


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