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.

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