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Updates on Nokia Corporation (ADR) (NOK): Recovery Rating, Underlying Potential & Daimler AG (USA) (DDAIF)’s Collaboration

Editor’s Note: Related tickers: Nokia Corporation (ADR) (NYSE:NOK), Daimler AG (USA) (PINK:DDAIF), Microsoft Corporation (NASDAQ:MSFT), Ford Motor Company (NYSE:F), Computer Sciences Corporation (NYSE:CSC)

Nokia, Mercedes-Benz in smart map deal (ThePublicOpinion)
Nokia Corporation (ADR) (NYSE:NOK) says it has teamed up with Daimler AG (USA) (PINK:DDAIF)‘s Mercedes-Benz car division to jointly build and develop digital smart maps for conventional and self-driving cars. Under Wednesday’s deal, Nokia’s HERE mapping and location services unit and Mercedes will initially provide 3D maps for the Mannheim to Pforzheim route in Germany for cars connected to a computing cloud. The system will be later augmented to include autonomous vehicles. Nokia says connecting a car to a cloud is “one of the biggest opportunities for the automotive industry today”. No financial value of the agreement was disclosed.

Stephen Elop & Steve Ballmer

S&P Puts Nokia (NOK) on CreditWatch Positive (StreetInsider)
Standard & Poor’s Ratings Services said today it had placed on CreditWatch with positive implications its ‘B+’ long-term corporate credit ratings on Finnish mobile telecommunications equipment manufacturer Nokia Corporation (ADR) (NYSE:NOK) and its fully-owned subsidiary Nokia Solutions and Networks B.V. (NSN; formerly Nokia Siemens Networks B.V.). The ‘B’ short-term corporate credit rating on Nokia was affirmed. At the same time, we placed our ‘B+’ issue ratings on Nokia’s senior unsecured notes on CreditWatch with developing implications. The recovery rating on these notes is ‘3’, indicating our expectation of meaningful (50%-70%) recovery in the event of default.

Microsoft-Nokia Deal: ‘The Big’ Indian Hope (SiliconIndia)
Nokia’s Indian mobile market has always been a boon for the Finnish giant, primarily because of the country’s positive influence and trust towards the company. Over the years, Nokia had a flourishing business in India and this underlying potential will always give a wide smile on Microsoft Corporation (NASDAQ:MSFT), who recently bought Nokia Corporation (ADR) (NYSE:NOK)’s devices and services business for $7.2 billion. Here are some analytical facts that describe why India plays such a pivotal role for Nokia’s position in the global market…

Microsoft urged to put Ford’s Mulally on CEO short list (TheGlobeAndMail)
At least three of the top 20 investors in Microsoft Corporation (NASDAQ:MSFT) want a turnaround expert to succeed Steve Ballmer as chief executive and have urged the technology giant’s board to consider Ford Motor Company (NYSE:F) CEO Alan Mulally and Computer Sciences Corporation (NYSE:CSC) CEO Mike Lawrie for the job, several sources familiar with the matter said. The special committee of the board, which is conducting the CEO search, and its advisers have been meeting with shareholders after Ballmer’s surprise decision late last month to retire within a year, the sources said. It could name a CEO as soon as the end of this year, the sources said.

Nokia 1020 release date announced, coming to UK September 12 (TrustedReviews)
The Nokia Lumia 1020 release date was confirmed as September 12 via a tweet on the official Nokia UK Twitter feed. The tweet is brief but straight to the point: “#Lumia1020 UK = this Thursday.” Nokia Corporation (ADR) (NYSE:NOK) failed to provide any further details about the pricing or network availability for its camera centric smartphone, even when asked directly by excited Twitter users. “You’ll know all about the what/when/where on Thursday,” the reply came. Nokia later added “all the details will come through on Thursday”, which isn’t a very useful answer for consumers eager to get their hands on the smartphone.

You tweet it, we trade it! (CNBC)

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