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- ahmadmirza17ahmadmirza17
  ·2021-02-05
  nokia is a bait
  Nokia warns of "challenging" year as it plays catch-up
  HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned of challenges to come this
  Nokia warns of "challenging" year as it plays catch-up
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- ahmadmirza17ahmadmirza17
  ·2021-02-03
  Netflix is a good investment
  Netflix Mideast Rival Gets $25 Million From Abu Dhabi-Based Fund
  (Bloomberg) -- Starzplay, a Middle Eastern competitor of Netflix Inc., got 92 million dirhams ($25 m
  Netflix Mideast Rival Gets $25 Million From Abu Dhabi-Based Fund
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challenges to come this","content":"<p>HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned of challenges to come this year as it tries to catch up with rivals after a strong finish to 2020.</p>\n<p>While both Nokia and rival Ericsson have been gaining 5G customers that might otherwise have gone to China’s Huawei, Ericsson has fared better, winning also big 5G contracts in China, where the deployment of the next-generation network is in full swing.</p>\n<p>“We have not yet made a breakthrough in 5G (in China) but of course we are not excluding that possibility going forward,” new Chief Executive Pekka Lundmark told Reuters. “But we want to be prudent so that we do not want to be there at any cost.”</p>\n<p>Lundmark reported better than expected fourth-quarter revenue and underlying profit on Thursday but Nokia forecast 2021 revenue to fall to between 20.6-21.8 billion euros ($25-26 billion) from 21.9 billion euros in 2020.</p>\n<p>“We expect 2021 to be challenging, a year of transition, with meaningful headwinds due to market share loss and price erosion in North America,” Lundmark said.</p>\n<p>Nokia said it had lost a part of the Verizon 5G contract in the United States to Samsung Electronics.</p>\n<p>Lundmark announced a new strategyherein October, under which the company will have four business groups and said Nokia would \"do whatever it takes\" to take the lead in 5G, as it banks on also capturing share from Huawei.</p>\n<p>“We believe that we have year-to-date captured about half of the geopolitically influenced opportunities that are there,” Lundmark said. “Most of these cases have been in Europe.”</p>\n<p>Nokia said a growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products. 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia warns of \"challenging\" year as it plays catch-up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-04 18:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned of challenges to come this year as it tries to catch up with rivals after a strong finish to 2020.</p>\n<p>While both Nokia and rival Ericsson have been gaining 5G customers that might otherwise have gone to China’s Huawei, Ericsson has fared better, winning also big 5G contracts in China, where the deployment of the next-generation network is in full swing.</p>\n<p>“We have not yet made a breakthrough in 5G (in China) but of course we are not excluding that possibility going forward,” new Chief Executive Pekka Lundmark told Reuters. “But we want to be prudent so that we do not want to be there at any cost.”</p>\n<p>Lundmark reported better than expected fourth-quarter revenue and underlying profit on Thursday but Nokia forecast 2021 revenue to fall to between 20.6-21.8 billion euros ($25-26 billion) from 21.9 billion euros in 2020.</p>\n<p>“We expect 2021 to be challenging, a year of transition, with meaningful headwinds due to market share loss and price erosion in North America,” Lundmark said.</p>\n<p>Nokia said it had lost a part of the Verizon 5G contract in the United States to Samsung Electronics.</p>\n<p>Lundmark announced a new strategyherein October, under which the company will have four business groups and said Nokia would \"do whatever it takes\" to take the lead in 5G, as it banks on also capturing share from Huawei.</p>\n<p>“We believe that we have year-to-date captured about half of the geopolitically influenced opportunities that are there,” Lundmark said. “Most of these cases have been in Europe.”</p>\n<p>Nokia said a growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products. Revenue at its mainstay networks business fell 7% to 5.04 billion euros ($6.05 billion).</p>\n<p>Revenue overall fell 5% to 6.57 billion euros during the quarter, but beat a consensus figure of 6.42 billion euros, Refinitiv Eikon data showed.</p>\n<p>Quarterly underlying earnings fell to 0.14 euros per share from 0.15 euros a year ago, beating the 0.11 euros consensus.</p>\n<p>There was also a boost of about 250 million euros one-time items and net sales of 150 million in the quarter that it had expected in 2021.</p>\n<p>Nokia shares, which were down 1.9% in morning trade, have seen wild swings over the last two weeks as the stock has been targeted by the retail trading frenzy, alongside GameStop Corp and other tech companies.</p>\n<p>“We maintain our view that Nokia continues to lag Ericsson in technology and is unlikely to catch up before 2022,” Liberum analyst Janardan Menon said.</p>\n<p>($1 = 0.8345 euros)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9bc0118e35c2c3a2c9e015f33f2d4de8","relate_stocks":{"NOK":"诺基亚"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162866028","content_text":"HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned of challenges to come this year as it tries to catch up with rivals after a strong finish to 2020.\nWhile both Nokia and rival Ericsson have been gaining 5G customers that might otherwise have gone to China’s Huawei, Ericsson has fared better, winning also big 5G contracts in China, where the deployment of the next-generation network is in full swing.\n“We have not yet made a breakthrough in 5G (in China) but of course we are not excluding that possibility going forward,” new Chief Executive Pekka Lundmark told Reuters. “But we want to be prudent so that we do not want to be there at any cost.”\nLundmark reported better than expected fourth-quarter revenue and underlying profit on Thursday but Nokia forecast 2021 revenue to fall to between 20.6-21.8 billion euros ($25-26 billion) from 21.9 billion euros in 2020.\n“We expect 2021 to be challenging, a year of transition, with meaningful headwinds due to market share loss and price erosion in North America,” Lundmark said.\nNokia said it had lost a part of the Verizon 5G contract in the United States to Samsung Electronics.\nLundmark announced a new strategyherein October, under which the company will have four business groups and said Nokia would \"do whatever it takes\" to take the lead in 5G, as it banks on also capturing share from Huawei.\n“We believe that we have year-to-date captured about half of the geopolitically influenced opportunities that are there,” Lundmark said. “Most of these cases have been in Europe.”\nNokia said a growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products. Revenue at its mainstay networks business fell 7% to 5.04 billion euros ($6.05 billion).\nRevenue overall fell 5% to 6.57 billion euros during the quarter, but beat a consensus figure of 6.42 billion euros, Refinitiv Eikon data showed.\nQuarterly underlying earnings fell to 0.14 euros per share from 0.15 euros a year ago, beating the 0.11 euros consensus.\nThere was also a boost of about 250 million euros one-time items and net sales of 150 million in the quarter that it had expected in 2021.\nNokia shares, which were down 1.9% in morning trade, have seen wild swings over the last two weeks as the stock has been targeted by the retail trading frenzy, alongside GameStop Corp and other tech companies.\n“We maintain our view that Nokia continues to lag Ericsson in technology and is unlikely to catch up before 2022,” Liberum analyst Janardan Menon said.\n($1 = 0.8345 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314860523,"gmtCreate":1612332917662,"gmtModify":1704869827104,"author":{"id":"3574086228745485","authorId":"3574086228745485","name":"ahmadmirza17","avatar":"https://static.tigerbbs.com/a2df4264ff71091ad887a13f8ed25f92","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574086228745485","authorIdStr":"3574086228745485"},"themes":[],"htmlText":"Netflix is a good investment&nbsp;","listText":"Netflix is a good investment&nbsp;","text":"Netflix is a good investment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/314860523","repostId":"2108759716","repostType":4,"repost":{"id":"2108759716","pubTimestamp":1612330166,"share":"https://ttm.financial/m/news/2108759716?lang=&edition=fundamental","pubTime":"2021-02-03 13:29","market":"us","language":"en","title":"Netflix Mideast Rival Gets $25 Million From Abu Dhabi-Based Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=2108759716","media":"Bloomberg","summary":"(Bloomberg) -- Starzplay, a Middle Eastern competitor of Netflix Inc., got 92 million dirhams ($25 m","content":"<p>(Bloomberg) -- Starzplay, a Middle Eastern competitor of Netflix Inc., got 92 million dirhams ($25 million) in debt financing from an Abu Dhabi-based fund as the coronavirus pandemic fuels demand for home entertainment.</p>\n<p>The Dubai-based online streaming platform will use the funds from Ruya Partners to further strengthen the company’s geographic and customer reach as well as to acquire and produce original content, according to a statement Wednesday. The financing marks Ruya Partners’ first tech investment in the United Arab Emirates.</p>\n<p>“Where global players and platforms meet challenges and difficulties, we see opportunity and hope,” Maaz Sheikh, chief executive office of Starzplay, said in an interview with Bloomberg Television. “We localize the experience, we localize the content offering like no other global platform and that’s really been the key to our success.”</p>\n<p>The number of subscribers at Starzplay currently stands at 1.8 million, with a local market share of more than 32%, after what it described as “exceptional growth” last year. Online streaming platforms around the world had an unexpected windfall in 2020 when the lockdowns prompted by the Covid-19 outbreak brought a flood of users.</p>\n<p>Starzplay saw growth of about 40% in 2020 in its paid subscriber base and expects the number of users to double over the next three to four years to around 4 million, according to Sheikh. To be ready for an initial public offering, the company needs revenue to reach a range of $120 million to $150 million, he said.</p>\n<p>“We remain committed to IPO plans,” he said. “We see still two or three years of growth to come and prepare ourselves in listing the business.”</p>\n<p>In addition to the latest round of financing, Starzplay raised $125 million in equity funding since its launch in 2015 from State Street Global Advisors and STARZ, a company owned by Lionsgate Entertainment Corp.</p>\n<p>Established last year, Ruya Partners is partly owned by Abu Dhabi Catalyst Partners, which itself is formed through a joint venture between Mubadala Investment Co. and Falcon Edge Capital.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix Mideast Rival Gets $25 Million From Abu Dhabi-Based Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Mideast Rival Gets $25 Million From Abu Dhabi-Based Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-03 13:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/netflix-mideast-rival-gets-25-050926723.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Starzplay, a Middle Eastern competitor of Netflix Inc., got 92 million dirhams ($25 million) in debt financing from an Abu Dhabi-based fund as the coronavirus pandemic fuels demand for ...</p>\n\n<a href=\"https://finance.yahoo.com/news/netflix-mideast-rival-gets-25-050926723.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d6cb901b5c16431622c6dc108cf81b0","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","NFLX":"奈飞","STT":"道富银行"},"source_url":"https://finance.yahoo.com/news/netflix-mideast-rival-gets-25-050926723.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108759716","content_text":"(Bloomberg) -- Starzplay, a Middle Eastern competitor of Netflix Inc., got 92 million dirhams ($25 million) in debt financing from an Abu Dhabi-based fund as the coronavirus pandemic fuels demand for home entertainment.\nThe Dubai-based online streaming platform will use the funds from Ruya Partners to further strengthen the company’s geographic and customer reach as well as to acquire and produce original content, according to a statement Wednesday. The financing marks Ruya Partners’ first tech investment in the United Arab Emirates.\n“Where global players and platforms meet challenges and difficulties, we see opportunity and hope,” Maaz Sheikh, chief executive office of Starzplay, said in an interview with Bloomberg Television. “We localize the experience, we localize the content offering like no other global platform and that’s really been the key to our success.”\nThe number of subscribers at Starzplay currently stands at 1.8 million, with a local market share of more than 32%, after what it described as “exceptional growth” last year. Online streaming platforms around the world had an unexpected windfall in 2020 when the lockdowns prompted by the Covid-19 outbreak brought a flood of users.\nStarzplay saw growth of about 40% in 2020 in its paid subscriber base and expects the number of users to double over the next three to four years to around 4 million, according to Sheikh. To be ready for an initial public offering, the company needs revenue to reach a range of $120 million to $150 million, he said.\n“We remain committed to IPO plans,” he said. “We see still two or three years of growth to come and prepare ourselves in listing the business.”\nIn addition to the latest round of financing, Starzplay raised $125 million in equity funding since its launch in 2015 from State Street Global Advisors and STARZ, a company owned by Lionsgate Entertainment Corp.\nEstablished last year, Ruya Partners is partly owned by Abu Dhabi Catalyst Partners, which itself is formed through a joint venture between Mubadala Investment Co. and Falcon Edge Capital.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3458903913570876","authorId":"3458903913570876","name":"阿尔法林","avatar":"https://static.tigerbbs.com/83ecb94e36646f8918fd9d9b296369f0","crmLevel":6,"crmLevelSwitch":0,"idStr":"3458903913570876","authorIdStr":"3458903913570876"},"content":"Good is good, that also has to give the organization enough time to raise funds. An annual report is crazy to pull tens of percent. Isn't this robbing money with the organization? Therefore, there is a reason for not rising these days. Like you, I am very optimistic. Give him some time and hope to have a good return","text":"Good is good, that also has to give the organization enough time to raise funds. An annual report is crazy to pull tens of percent. Isn't this robbing money with the organization? Therefore, there is a reason for not rising these days. Like you, I am very optimistic. Give him some time and hope to have a good return","html":"Good is good, that also has to give the organization enough time to raise funds. An annual report is crazy to pull tens of percent. Isn't this robbing money with the organization? Therefore, there is a reason for not rising these days. Like you, I am very optimistic. Give him some time and hope to have a good return"}],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}