Nokia Corporation (ADR) (NOK) News This Morning: Tax Dispute, New Tactics & Microsoft Corporation (MSFT)’s CEO Hunt

Editor’s Note: Related tickers: Nokia Corporation (ADR) (NYSE:NOK), Microsoft Corporation (NASDAQ:MSFT), QUALCOMM, Inc. (NASDAQ:QCOM), Apple Inc. (NASDAQ:AAPL)

Elop in running for MS spot? (iAfrica)
Nokia Corporation (ADR) (NYSE:NOK) CEO Stephen Elop is reportedly on a shortlist to replace outgoing Microsoft Corporation (NASDAQ:MSFT) CEO Steve Ballmer. Elop, formerly a senior executive at Microsoft Corporation (NASDAQ:MSFT) before moving to Nokia in 2010, is one of the favourites for the position at Redmond, The Sunday Times of London reported. Elop took over Nokia during a difficult time at the Finnish giant, with the company’s smartphone marketshare sagging and stock prices dropping.

Nokia Corporation (ADR) (NOK), Microsoft Corporation (MSFT)

Nokia’s ‘Sirius’ Windows RT tablet said to be thinner and lighter than current iPad (Recombu)
More information has emerged about Nokia’s rumoured Windows RT tablet in recent weeks, and The Verge has discovered even more information about the device. The publication cites sources “familiar with Nokia’s plans”, saying that the tablet is codenamed “Sirius” and will be announced on September 26th at an event in New York. The Verge also confirmed additional specifications for the tablet. The “Sirius” is said to include QUALCOMM, Inc. (NASDAQ:QCOM)’s Snapdragon 800 quad-core SoC along with 2GB of RAM and 32GB of internal storage. Nokia Corporation (ADR) (NYSE:NOK) will reportedly include two cameras with the tablet as well: a 6-megapixel shooter on the rear, with a 2-megapixel sensor on the front for video calls.

Nokia’s best bet might be to hold the phone (TheGlobeAndMail)
A year and a half ago, I interviewed Nokia Corporation (ADR) (NYSE:NOK)’s Canadian CEO and would-be saviour, Stephen Elop, at a restaurant in central Helsinki, not far from the headquarters of the company that had dominated the cellphone market until 2008 or so, when Apple Inc. (NASDAQ:AAPL) and Android smartphones started to come on strong. He whipped out a new Nokia smartphone equipped with a 41-megapixel camera and asked me to stand back. He snapped a picture of me. I was amazed by its high-definition clarity.

Nokia’s India threat letter: ‘It’s cheaper to make phones in China’ (TheRegister)
Nokia Corporation (ADR) (NYSE:NOK)’s long-running tax dispute with the Indian authorities appeared to take another turn after it was revealed that it sent the commerce ministry a strongly-worded letter branding India its “least favourable market” and threatening to move production to China. Written in June, the letter said that the “political risk” of operating in India had become “substantially higher” thanks to recent tax claims lodged by the government, according to the Indian Express. In March, the finance ministry made a retroactive income tax demand of Rs 2,080 crore (£204m) which Nokia believes violates a bilateral treaty between the two under which Nokia’s software business is to be taxed in Finland rather than India.

Facebook CEO forms group to expand Internet access worldwide (KPBJ)
Facebook CEO Mark Zuckerberg has announced a new tech-industry alliance that will work to cut the cost of delivering mobile Internet access to the billions around the world who have no way of getting online. “I’m focused on this because I think it’s one of the greatest challenges of our generation,” the 29-year-old CEO wrote on his personal Facebook page, where he outlined plans for an industrywide effort aimed at lowering the cost of smartphone service and tackling other business and technical hurdles that stand in the way of delivering Internet access in less developed parts of the world.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!