Nokia wint in arbitragezaak tegen Samsung

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Nokia wint in arbitragezaak tegen Samsung

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Door AFN

op maandag 1 februari 2016

p/o 1 februari 2016 10:43

UPDATE 3-Nokia patent sales forecast falls short after Samsung deal

* Nokia's 2-year arbitration with Samsung settled
* Nokia's patent sales run rate at 800 mln euros
* Nokia, Alcatel-Lucent shares both drop 10 pct

HELSINKI, Feb 1 (Reuters) - Nokia said it had
settled a lengthy patent dispute with South Korea's Samsung
on Monday, but investors were disappointed by the
financial terms of the deal.
Nokia's shares fell 10 percent after the Finnish firm said
the Samsung deal would lift patent unit Nokia Technologies'
sales to around 1.02 billion euros ($1.1 billion) in 2015,
including catch-up payments, from 578 million euros in 2014.
The patent business will become a smaller part of Nokia
after its proposed 15.6 billion euro takeover of French network
gear rival Alcatel-Lucent ALUA.PA , whose shares also fell by
10 percent following news of the Samsung patent deal.
Samsung's stock was up by 1.1 percent.
Nokia shares have fallen since the announcement of
Alcatel-Lucent deal last April, partly due to the dilution of
the patents business and also due to worries about integration.
The annualised run-rate for its patent unit following the
Samsung deal is now about 800 million euros, Nokia said. This
compared with average analysts' forecasts for the unit's 2016
sales of about 900 million euros.
"There have been expectations that Nokia could make more
money with their patent portfolio than (rival) Ericsson.. This
outcome did not support that... Estimates will be revised," said
Nordea analyst Sami Sarkamies, who has a "hold" rating on Nokia.
Sweden's Ericsson ERICb.ST , which recently signed a
licence deal with Apple AAPL.O , has a patent sales run-rate of
about 1.2 billion euros.
In 2014, Nokia sold its once-dominant phone business to
Microsoft MSFT.O , leaving it focused on telecoms network
equipment while retaining a large portfolio of handset patents.
Samsung and Nokia entered into a binding arbitration in 2013
to settle additional compensations for Nokia's phone patents for
a five-year period starting from early 2014.
Nokia added it expects to receive at least 1.3 billion euros
of cash during 2016-2018 related to its settled and ongoing
arbitrations, including the Samsung award.
Nokia currently has a similar dispute with LG Electronics
. It is expected to start talks over a new contract