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Re: NOKIA's
earnings
Re safety of the dividend, I believe that it is safe for the
next year. I would keep an eye on the cash performance.
Currently, liquid cash stands at $3.132B. This quarter cash levels
were impacted by by late receivables, several hundred million.
These will raise the level when collected. The LG patent
settlement of E180M has yet to be paid and I would guess more cash
infusion will happen when Opo, Huawei settle the patent disputes.
That should be several hundred million euros. All in all cash
levels should rise to around $3.8B eventually. Caveat:
Remaining Cash restructuring charges will have an effect on this, I
do not have a clear handle on this.
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