This document analyzes and compares the financial performance of Nokia and Motorola from 2008-2013. It calculates their capital gains yield, dividends yield, and total yield based on stock price and dividend data from Bloomberg. The analysis finds that Motorola's stock price and yields steadily increased after being acquired by Google, while Nokia's declined until it was acquired by Microsoft in 2013. Motorola provided low but steady dividends, whereas Nokia stopped dividends in 2012-2013. Overall, Motorola performed better financially during this period.
Executive Commentary: Cloud Computing Milestones for 2010Yankee Group
More than 25 percent of Yankee Group survey respondents say they expect at least a third of their infrastructure to move to cloud computing in the next 12 months, but company-wide adoption remains low. To uncover what lies ahead for cloud computing in 2010, Yankee Group interviewed executives from 25 cloud computing pioneers—including early cloud service providers, telecom operators, and infrastructure and software vendors. Their unique perspectives and key strategies tout the power of the cloud and offer a view into its impact: Is cloud computing an evolution or a revolution?
In this webinar, Yankee Group analysts Zeus Kerravala and Agatha Poon join a panel of experts, from Arista, Sybase and Microsoft, to explore the cloud marketplace and reveal the key technology milestones and metrics that matter for 2010.
Technology, Media & Telecommunications Predictions - Deloitte - 2012Romain Fonnier
Le cabinet de conseil et d'études Deloitte a publié, vendredi 3 février, la 11ème édition de ses «Technology, Media & Télécommunications Predictions», dans laquelle elle présente 12 principales tendances qui marqueront l'année 2012.
Parmi celles-ci, Deloitte annonce une «ère nouvelle pour la publicité en ligne». Tandis que l'ensemble du secteur de la publicité progressera de 5% et que les dépenses réalisées sur Internet augmenteront de 11%, Deloitte s'attend à une croissance de 50% pour la publicité online de type branding, c'est-à-dire les bannières, le rich media, le sponsoring, les réseaux sociaux et les formats vidéo.
Deloitte regrette par ailleurs que les technologies de ciblage de la publicité TV, en constante progression, restent sous-exploitées. Elles ne représenteront que 0,10% des 227 milliards de dollars du marché de la publicité TV dans le monde en 2012.
En termes d'outils marketing, Deloitte prévoit que les IRM fonctionnelles (neuromarketing) deviendront l'outil privilégié des publicitaires en 2012, conjugué à des techniques de marketing traditionnelles.
L’ensemble des 12 tendances TMT :
1- La demande du grand public en technologies résistera aux turbulences de l'économie.
2- Le marché des tablettes se diversifiera, avec une croissance phénoménale du multi-équipement : «elles auront en 2012 le taux de pénétration du marché des ‘produits achetés à plusieurs reprises’ le plus rapide de l'histoire».
3- Les grands projets de «Big Data» se multiplieront dans les secteurs Internet, banques-finances, service public, grande distribution, loisirs et médias.
4- Le stockage de données sur SSD («Solid State Drives») et les mémoires flash surpassent l'utilisation des disques durs.
5- L’hyperciblage de la publicité TV reste à un niveau très bas en raison des coûts prohibitifs de développement des campagnes.
6- Le marketing est tombé sur la tête : IRM et médias.
7- L'utilisation du rattrapage des programmes se développera dans les transports, grâce au Digital Video Recorder.
8- Une ère nouvelle pour la publicité en ligne.
9- Les technologies NFC («Near Field Communication»), avec intégration d'une carte de crédit au téléphone portable.
10- L'Internet illimité disparaîtra des abonnements mobiles.
11- «Web Bypass» : la connectivité sans Internet.
12- Plus d'un demi-milliard de smartphones à bas prix (moins de 100$) seront vendus d'ici fin 2012.
Executive Commentary: Cloud Computing Milestones for 2010Yankee Group
More than 25 percent of Yankee Group survey respondents say they expect at least a third of their infrastructure to move to cloud computing in the next 12 months, but company-wide adoption remains low. To uncover what lies ahead for cloud computing in 2010, Yankee Group interviewed executives from 25 cloud computing pioneers—including early cloud service providers, telecom operators, and infrastructure and software vendors. Their unique perspectives and key strategies tout the power of the cloud and offer a view into its impact: Is cloud computing an evolution or a revolution?
In this webinar, Yankee Group analysts Zeus Kerravala and Agatha Poon join a panel of experts, from Arista, Sybase and Microsoft, to explore the cloud marketplace and reveal the key technology milestones and metrics that matter for 2010.
Technology, Media & Telecommunications Predictions - Deloitte - 2012Romain Fonnier
Le cabinet de conseil et d'études Deloitte a publié, vendredi 3 février, la 11ème édition de ses «Technology, Media & Télécommunications Predictions», dans laquelle elle présente 12 principales tendances qui marqueront l'année 2012.
Parmi celles-ci, Deloitte annonce une «ère nouvelle pour la publicité en ligne». Tandis que l'ensemble du secteur de la publicité progressera de 5% et que les dépenses réalisées sur Internet augmenteront de 11%, Deloitte s'attend à une croissance de 50% pour la publicité online de type branding, c'est-à-dire les bannières, le rich media, le sponsoring, les réseaux sociaux et les formats vidéo.
Deloitte regrette par ailleurs que les technologies de ciblage de la publicité TV, en constante progression, restent sous-exploitées. Elles ne représenteront que 0,10% des 227 milliards de dollars du marché de la publicité TV dans le monde en 2012.
En termes d'outils marketing, Deloitte prévoit que les IRM fonctionnelles (neuromarketing) deviendront l'outil privilégié des publicitaires en 2012, conjugué à des techniques de marketing traditionnelles.
L’ensemble des 12 tendances TMT :
1- La demande du grand public en technologies résistera aux turbulences de l'économie.
2- Le marché des tablettes se diversifiera, avec une croissance phénoménale du multi-équipement : «elles auront en 2012 le taux de pénétration du marché des ‘produits achetés à plusieurs reprises’ le plus rapide de l'histoire».
3- Les grands projets de «Big Data» se multiplieront dans les secteurs Internet, banques-finances, service public, grande distribution, loisirs et médias.
4- Le stockage de données sur SSD («Solid State Drives») et les mémoires flash surpassent l'utilisation des disques durs.
5- L’hyperciblage de la publicité TV reste à un niveau très bas en raison des coûts prohibitifs de développement des campagnes.
6- Le marketing est tombé sur la tête : IRM et médias.
7- L'utilisation du rattrapage des programmes se développera dans les transports, grâce au Digital Video Recorder.
8- Une ère nouvelle pour la publicité en ligne.
9- Les technologies NFC («Near Field Communication»), avec intégration d'une carte de crédit au téléphone portable.
10- L'Internet illimité disparaîtra des abonnements mobiles.
11- «Web Bypass» : la connectivité sans Internet.
12- Plus d'un demi-milliard de smartphones à bas prix (moins de 100$) seront vendus d'ici fin 2012.
Consumers aren't just craving new experiences from brands, they're demanding them - with scale. Successful brands will be those that adapt and derive from customer insights, both positive and negative.
In the recently published Razorfish Outlook Report 2010, we analyzed how our clients evolved with the challenging economic environment, what media proved effective, what didn’t deliver, and how this information can be used to direct successful strategy moving forward.
In January Propel Executive had the pleasure of hosting a breakfast event at the W hotel with the IAB. The topic of the day was Predictions for Digital 2012. In this presentation you can view the slides from all of our digital experts.
Propel Executive - Predictions for Digital 2012propellondon
Propel Executive, the senior executive search arm of Propel, hosted a breakfast event on 12th Jan 2012 - "Predictions for Digital 2012".
Guy Phillipson of the IAB kicked the discussion off with his overview of the market before contributions from Louisa Wong (Amnet), Carl Umumski (Somo), Tom Ollerton (we are social) and Nick Roveta (goviral).
Tweet us: @propelexecutive
Hashtag: #digital2012
Looking forward to 2020 and beyond, the real estate investment industry will find
itself at the centre of rapid economic and social change, which is transforming the
built environment. While most of these trends are already evident, there’s a natural
tendency to underestimate their implications over the next six years and beyond.
By 2020, real estate managers will have a broader range of opportunities,
with greater risks and new value drivers. As real estate is a business with long
development cycles – from planning to construction takes several years – now is the
time to plan for these changes.
Already, thousands of people migrate from country to city across Asia, the Middle
East, Latin America and Africa on a daily basis, attracted by the new wealth of these
economies. By 2020, this migration will be firmly established. The cities will swell
– and some entirely new ones will spring up. Meanwhile, the growing emerging
markets’ middle class and ageing global population are increasing demand for
specific types of real estate. Subsectors such as agriculture, education, healthcare
and retirement will be far bigger by 2020.
Deloitte Technology, Media and Telecommunications Predictions 2014David Graham
TMT Predictions' objective is to identify critical inflection points we believe should inform industry strategic thinking, and to explain how we think these will manifest over the next 12-18 months for companies in Technology, Media, Telecommunications (TMT), and other industries.
The State of TV Advertising by the NumbersActiveChannel
An overview of the Association of National Advertisers and Forrester Research Report 9th Feb 2010 in regards to TV Advertising and the changing perceptions of marketers to the 30 sec commercial spot. Any feedback is greatly appreciated and can be sent to todd [at] activechannel.tv
Sector and insolvency review winter 2012Sarah Duggan
The latest edition of the Sector and Insolvency Review takes a look at the insolvency market in 2012, comments on the market as a whole since 2009 and provides an insight into our expectations for 2013.
Consumers aren't just craving new experiences from brands, they're demanding them - with scale. Successful brands will be those that adapt and derive from customer insights, both positive and negative.
In the recently published Razorfish Outlook Report 2010, we analyzed how our clients evolved with the challenging economic environment, what media proved effective, what didn’t deliver, and how this information can be used to direct successful strategy moving forward.
In January Propel Executive had the pleasure of hosting a breakfast event at the W hotel with the IAB. The topic of the day was Predictions for Digital 2012. In this presentation you can view the slides from all of our digital experts.
Propel Executive - Predictions for Digital 2012propellondon
Propel Executive, the senior executive search arm of Propel, hosted a breakfast event on 12th Jan 2012 - "Predictions for Digital 2012".
Guy Phillipson of the IAB kicked the discussion off with his overview of the market before contributions from Louisa Wong (Amnet), Carl Umumski (Somo), Tom Ollerton (we are social) and Nick Roveta (goviral).
Tweet us: @propelexecutive
Hashtag: #digital2012
Looking forward to 2020 and beyond, the real estate investment industry will find
itself at the centre of rapid economic and social change, which is transforming the
built environment. While most of these trends are already evident, there’s a natural
tendency to underestimate their implications over the next six years and beyond.
By 2020, real estate managers will have a broader range of opportunities,
with greater risks and new value drivers. As real estate is a business with long
development cycles – from planning to construction takes several years – now is the
time to plan for these changes.
Already, thousands of people migrate from country to city across Asia, the Middle
East, Latin America and Africa on a daily basis, attracted by the new wealth of these
economies. By 2020, this migration will be firmly established. The cities will swell
– and some entirely new ones will spring up. Meanwhile, the growing emerging
markets’ middle class and ageing global population are increasing demand for
specific types of real estate. Subsectors such as agriculture, education, healthcare
and retirement will be far bigger by 2020.
Deloitte Technology, Media and Telecommunications Predictions 2014David Graham
TMT Predictions' objective is to identify critical inflection points we believe should inform industry strategic thinking, and to explain how we think these will manifest over the next 12-18 months for companies in Technology, Media, Telecommunications (TMT), and other industries.
The State of TV Advertising by the NumbersActiveChannel
An overview of the Association of National Advertisers and Forrester Research Report 9th Feb 2010 in regards to TV Advertising and the changing perceptions of marketers to the 30 sec commercial spot. Any feedback is greatly appreciated and can be sent to todd [at] activechannel.tv
Sector and insolvency review winter 2012Sarah Duggan
The latest edition of the Sector and Insolvency Review takes a look at the insolvency market in 2012, comments on the market as a whole since 2009 and provides an insight into our expectations for 2013.
Brand Rivalries: Pepsi Vs Coca- Cola-Cbse class 12 Entrepreneurship ProjectDan John
I assure you that this project of mine will fetch you a very good score. Attach the pictures provided towards the end of this project on the backside of the page which is adjacent to the relevant page. I have given certain instructions in the project, starting with the word 'Attn'; follow those and remove them before the submission.
Good Luck!!
SPEEDA INSIGHTS_A Brief Glance at Japan's Mobile Communications Related Indus...Kyna Tsai
A special edition for industries related to Mobile Communications, featuring the three main telecom carriers in Japan and companies in the smartphone-related field.
In this webinar we review the global state of the telecom industry, in particular after the Mobile World Congress. We put a particular focus on growth opportunities around new technologies, new engagement models and also highlight specific revenue opportunities from the startup field.
We invited Mario Mayerthaler, Head of A1 Group Innovation Telekom Austria, as a guest speaker to outline how A1 is approaching the startup opportunity and what lessons were learned. A1 is actively engaging with startups through its Startup Campus as well as through different business units directly.
2. Abstract.
In this project, we are calculating the Capital Gains Yield, the Dividends Yield, and
the Total Yield for Nokia and Motorola to illustrate how these two companies are
preforming financially. Those calculations are made from the Stock Prices and the
Dividends, which were allocated form the Bloomberg Terminal.
Introduction.
Before we talk about our findings and our research, let us get to know about what
these companies are how they are performing in the market.
Nokia.
Headquarters in Finland.
The company was founded in 1871 by Fredrik Idestam and Leo Mechelin.
Nokia first entered the telecommunications equipment market in 1960 when an
electronics department was established at Finnish Cable Works to concentrate on
the production of radio-transmission equipment.
One of the world's cutting-edge technology companies and until 2012 the world's
largest maker of cellphones—failed to adjust quickly enough to changes in how
people used their phones.
Nokia is traded is NOK in New York Stock Exchange. (NYSE)
Currently owned by Microsoft.
Motorola.
Founded on September 25, 1928.
Headquarters- Schaumburg, Illinois, United States.
Motorola's wireless telephone handset division was a pioneer in cellular
telephones. Also known as the Personal Communication Sector (PCS) prior to
2004, it pioneered the "flip phone" with the MicroTAC.
Motorola's handset division recorded a loss of $1.2 billion in the fourth quarter of
2007, while the company as a whole earned $100 million during that quarter.
3. Its global market share has been on the decline; from 18.4% of the market in 2007
the company had a share of just 6.0% by Q1 2009.
Motorola is traded is MSI in New York Stock Exchange. (NYSE)
Currently owned by Google.
INDUSTRY OVERVIEW
While the telecommunications industry is more than a century old, the industry today
finds itself in the middle of a communications revolution as broadband and wireless
technologies radically transforming the industry. According to the recent study done by
the government agency, In the United States:
The number of American wireless customers now exceeds 290 million, a penetration rate
of approximately 95 percent. According to a recent government study, 27 percent of U.S.
homes rely on cell phones only for voice services.
With the wireless voice market at near saturation, the new major growth area for service
providers is data as more and more customers upgrade to smartphones with data service
plans. In addition, a new market is emerging for machine-to-machine wireless data
communications.
In recent quarters, smartphones have made up for at least 40 percent of all new handset
sales. Approximately 31 percent of all wireless customers now have smartphones, and that
number is projected to grow to 67 percent by 2015.
According to the Federal Communications Commission (FCC), high-speed wire line
Internet connections have flattened. Growth in the first half of 2010 was 1 percent,
totaling 82 million connections. Meanwhile, mobile broadband connections in the same
period grew by more than 27 percent to more than 71 million connections.
4. Two-thirds of all Americans now have wire line-based broadband service at home,
according to the Pew Internet Project's August 2010 survey. That figure is an increase
from 2009 when 63 percent of Americans had a home wire line broadband connection.
The Financial Information.
(P) Stock Price, “The cost of purchasing a security on an exchange.” (InvestorWords)
(D) Dividends, “A dividend is a distribution of a portion of a company's earnings,
decided by the board of directors, to a class of its shareholders. Dividends can be issued
as cash payments, as shares of stock, or other property.” (Investopedia)
(CGY) Capital Gains Yield, “The price appreciation component of a security's (such
as a common stock) total return. For stock holdings, the capital gains yield will be the
change in price divided by the original (purchase) price.” (Investopedia)
(DY) Dividends Yield, “A financial ratio that indicates how much a company pays
out in dividends each year relative to its share price.” (Investopedia)
(TY) Total Yield, CGY + DY.
Motorola
2008 2009 2010 2011 2012 2013
P0 P1 P2 P3 P4 P5
$18.14 $31.78 $37.15 $46.29 $55.68 $67.50
D0 D1 D2 D3 D4 D5
$1.40 $0.35 $0 $0.22 $0.96 $1.14
DY1% DY2% DY3% DY4% DY5%
1.93 0.00 0.59 2.07 2.05
CGY1% CGY2% CGY3% CGY4% CGY5%
75.19 16.90 24.60 20.29 21.23
TY1% TY2% TY3% TY4% TY5%
77.12 16.90 25.20 22.36 23.28
Nokia
2008 2009 2010 2011 2012 2013
P0 P1 P2 P3 P4 P5
$15.67 $12.79 $10.27 $4.89 $3.87 $8.03
D0 D1 D2 D3 D4 D5
$0.59 $0.56 $0.53 $0.28 $0 $0
DY1% DY2% DY3% DY4% DY5%
3.57 4.14 2.73 0.00 0.00
CGY1% CGY2% CGY3% CGY4% CGY5%
-18.38 -19.70 -52.39 -20.86 107.49
5. It seems that Motorola have a better performance form the information regarding
its increasing stock prices which more than tripled during the years 2008 through 2013
which is possibly due to the purchase of Google to the company’s mobile division. This
resulted in a steady flow in the overall Capital Gain Yield Ratio expect for the year 2009
due to the high increase from $18.14 in 2008 to 31.78 in the year 2009. In the last three
years the company had an average CGY in the low twenties, which is a good indicator of
the good security of the company’s investment. Whereas, Nokia the very well-known
Finnish telecommunication company had a decreasing stock price over the years 2008
through the year 2012, but in the year 2013 the company had a considerable increase the
doubled its stock price, which could be very much due to the purchase of Microsoft to the
Mobile division of the company that benefited the company’s performance lately. In
regard to the Capital Gain Yield the company was not doing nearly good as Motorola
where it was resulting in negative percentages due to the decreasing stock prices but again
as mentioned the impact of Microsoft purchase have shown a significantly better result in
the CGY of the year 2013, that is resulting in a safe and secure investment.
In regards to the dividends, Motorola gives very low dividends compared to their
stock, but it is increasing from the last three years. The Dividends Yield reflects the
dividends policy of the company which are low but steady in the last two years, where it
would be a very unlikely to an investor interested in a high cash flow of his or her
investment, but likely for some who want a steady alternative. In the other side, Nokia’s
dividends are proportionally high with their stock prices, but it seems that they have
1.93 0.00 0.59 2.07 2.05
CGY1% CGY2% CGY3% CGY4% CGY5%
75.19 16.90 24.60 20.29 21.23
TY1% TY2% TY3% TY4% TY5%
77.12 16.90 25.20 22.36 23.28
Nokia
2008 2009 2010 2011 2012 2013
P0 P1 P2 P3 P4 P5
$15.67 $12.79 $10.27 $4.89 $3.87 $8.03
D0 D1 D2 D3 D4 D5
$0.59 $0.56 $0.53 $0.28 $0 $0
DY1% DY2% DY3% DY4% DY5%
3.57 4.14 2.73 0.00 0.00
CGY1% CGY2% CGY3% CGY4% CGY5%
-18.38 -19.70 -52.39 -20.86 107.49
TY1% TY2% TY3% TY4% TY5%
-14.81 -15.56 -49.66 -20.86 107.49
6. stopped giving it in the last two years, which resulted in a decreasing dividends amount
to zero in the last two years, which could be due to the new Management by Microsoft.
Their new dividends policy is reflected in their Dividends Yield ratio which shows that it
went up, down, and zero in the last two years. Unlike Motorola, this performance will be
very unlikely for those interested in a cash flow because it seems that there is none.
7. Citations
"Our story." Nokia. N.p., n.d. Web. 8 May 2014.
<http://company.nokia.com/en/about-us/our-company/our-story>.
"Company Profile." Investor Relations. N.p., n.d. Web. 8 May 2014.
<http://www.verizon.com/investor/industryoverview.htm>.
"Manufacturing." - Motorola Solutions USA. N.p., n.d. Web. 8 May 2014.
<http://www.motorolasolutions.com/US-
EN/Business+Solutions/Industry+Solutions/Manufacturing>.
"Nokia hangs on to second place in mobile-phone market - CNET." CNET. N.p.,
n.d. Web. 8 May 2014. <http://www.cnet.com/news/nokia-hangs-on-to-second-
place-in-mobile-phone-market/>.
The Bloomberg Terminal.
"Stock Price." What Is Stock Price? Definition and Meaning. Web. 14 Oct. 2015.
"Dividend Definition | Investopedia." Investopedia. 25 Nov. 2003. Web. 14 Oct.
2015.
"Capital Gains Yield Definition | Investopedia." Investopedia. 9 Nov. 2006. Web.
14 Oct. 2015.
"Capital Gains Yield Definition | Investopedia." Investopedia. 9 Nov. 2006. Web.
14 Oct. 2015.
"Capital Gains Yield Definition | Investopedia." Investopedia. 9 Nov. 2006. Web.
14 Oct. 2015.