Weekend Read: 4 Million Euros for Qt?
Earlier in the week, we heard that Digia had aquired the rest of Qt from Nokia. No price was known but the ballpark figure available is about 4 Million.
The transaction contained in the business transfer and licensing arrangements for the
net purchase price has been about 4.0 million, paid by Digia
Nokia cash. The arrangement is to take place in 2012, third
During the quarter the arms-length päättämisehtojen after the operation.http://qfx.quartalflife.com/Clients/fi/digia/rss/newsentry.aspx?id=1002378945&culture=fi-FI
I am not sure about the full nature of the transaction and whether it is just 4 million.
Reuters reports the same, and notes the original 150m purchase of TrollTech (Qt) back in 2008.
http://uk.reuters.com/article/2012/08/10/uk-nokia-digia-idUKBRE8790BI20120810
Some context from TheVerge who points out this is not a ‘like for like’ deal.
http://www.theverge.com/2012/8/10/3233105/digia-nokia-qt-acquisition-4-million-euros
“the commercial licensing and services aspects of Qt were sold to Digia last year for an undisclosed sum”
Cheers Joni for the tip!
Category: Nokia
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- Digia otkupila Qt za 4 milijuna €?! | NokiaMob | August 11, 2012
It looks more like deal than buy out to me because QT is valued much more than 4M. That`s the reason i would wait until Nokia officially give a press release. Too much trolling and emotions flew around in the previous post.
yard sale
first 500 patents for 22M, now this
They just want more money to fund poor WP that burn hell lot of Nokia’s money..
I invested into some Nokia stock right after the Microsoft partner thingy, hoping that Nokia would use Microsoft to recover in order to continue it’s own thing later (and the stock value was low). What I didn’t expect was Nokia to abandon everything they had in favor of Windows Phone. I bought the stocks when they were 3.87 euros and today I’ve lost about half of my investments.
I’m not an idiot, I knew it was high risk, and I didn’t invest more than I could handle. In fact, I invested no more than around 10% of the savings I had (around 15% of which I saved to buy more stocks if it went further down, which I did).
My original plan was to hold the stocks for about 5 years and then leave with either a profit or nothing. Now that Nokia is committing suicide, I wonder if continuing to hold my investments in their stocks would be a Concorde Fallacy. Their only future lies in their patents and whatnot, and that’s no real prospective future.
Opinions? Will the stock be worth more than 4 euros in the next 4-5 years?
Nobody on here or anywhere will be able to answer that question for you, what I will say is, most would agree that Nokia’s future relies on WP8 being a success. If it is, at least moderately so, Nokia stock has very good chances of being worth more than 4 euros in the next year even, ..to make any kind of predictions to 4-5 years from now is just totally impossible in this industry
I’m not qualified to answer and cannot be accounted responsible of any loss resulting in reading the rest of this post.
Guessing what will worth in 4 years a tech company is not possible.
But in the next 2 years, my guess is that there is roughly 3 scenarii :
1°) Nokia gains big traction with WP8 devices and stay an independant company (it is the only case where we see S40 being developped)
At 4 euros, it means a 60% rise of the stock’s price, that is more or less what we’ve seen over the past 2 months.
2°) WP8 Lumia devices don’t perform so well. Nokia keeps selling all non-core assets, and in late 2013, MS buy the smartphone division (which would be the most of what would remain of Nokia).
We’ve seen that the last big announcements from Nokia led stock worthing less than 1.5 euros. Even with a bonus in case of OPA, I doubt that it will worth more than 4 euros when selled to MS.
3°) WP8 for phones is a complete failure, MS buy some patents, hire the most talented people of Nokia specialized in HW and design and that the end for Nokia …
Anyway, this is a guess that anybody who buy stocks should be able to make by himself.
Can someone please show me how can I buys Nokia stocks? what do I need? I really want to buy some!
Anyway I have no idea how all that works?
Thanks for the responses. I suppose I should just hold true to my original plan.
if wp8 gets hit(ofcourse it will definetly gets hit) as per my assumptions it wont be 4 euros, but maybe 20 euros or near that in 2 or 3 years.. Am not joking but wp8 will hit and it willbecome 3rd echo system, it got rid of many limitions from wp7 and getting a new kernel and with pure view, am so exited to try it out, so dont get dissapointed ur money will definetly gets 10 times???
wp8 may be successful, but with samsung brand, elop has lots of track records of poor executions.
beside that, wp8 has high hardware requirement, the phoned will be high end, its market share won’t be big.
ms is apple copier, small marketshare, but large profitshare, but sorry, i won’t enter their prison ecosystem.
lol @ apple copier, yeah go buy an Android! Love how their keyboard now sounds like a WP keyboard.
MS ecosystem is much less locked down. Do you ever wonder why the Amazon Kindle app on iOS does not offer you to buy any ebooks? Because Apple feels it is entitled to 30% of ANY content sold in apps, even if it is completely laughable that Amazon would add its millions of books into iOS in-app-purchasing.
MS makes no such stupid demands, you can have your own subscription services, your own payment services, your own choice of cloud services, etc. Amazon can sell ebooks on WinRT without paying MS anything, Netflix can offer content, hell even Apple can put iTunes on a WinRT tablet all using iCloud and Apple-IDs and not have to pay MS anything.
Also the dickheads at Steam/Valve, they could just offer the games for free as trials, and have the unlock as an in-app option, using their own system, without paying MS anything. Much more likely to sell games with a trial version too.
It’s by far the best compromise between Apple’s highly restricted and Androids uselessly messy crap.
“elop has lots of track records of poor executions.”
Any rational person would call into question OPK’s execution talents over elop’s
They mostly selled the brand, copyright and organization for 4m. Most rights over Qt were already owned by digia since the last year deal.
STEPHEN ELOP, U ARE DUMB OR WHAT?
Nokia.. say goodbye to the qt developers.. to the symbian developers..
No IOS, ANDROID, WINDOWS.. all go to have a nice grafic platform…
ELOP YOU DESTROIED MY DREAMS! NO MORE SYMBIAN MEEGO OR MELTEMI, ELOP.. GO F##K YOURSELF
you need to get better dreams, pal.
Without knowing how much the previous deal went for can’t really make a comment about this 4million but its better than dropping it for $0 I guess
what is sold was not required.
Read my comment under Theverge’s post of this news and you will come to know,through replies it has got,what is truth.
Nokia is finished folks.
You expect them to produce some high end phone while they are sinking? LOL!
They leak a billion a quarter! All the designers, programmers, engineers are more busy searching for other jobs than making a phone right now.
MeeGo talent is gone.
Symbian is dead, whether you admit it or not, 808 PureView is the last Symbian cameraphone.
S40? Who cares!?
When WP8 comes out and bombs Nokia will go completely under water and start a rapid descent to the depth of the ocean.
Thanks for letting us know! Please let us know a few more times in this thread, and in every other thread!
Phew, lucky, here I was looking forward to September but all for nothing, you saved me a few weeks of hope followed by a huge disappointment! Thank you again!
You are being sarcastic but I honestly did save you a few weeks and you are welcome, Dave!
Don’t get your hopes up.
A company is not only software and meego talent and developers a company like nokia is more design and HW and thats what they do and is thats wat nokia stands ffor…
nokia was never very good at sw. Nokia did best when the market was all about hardware.
Most hw companies make crappy sw companies and vice versa. Apple is an exception. Deal with it.
Yes Qt is more than 4 million and nokia sold it at proper price … the undisclosed part is a big part that paints a wonderful picture of what now nokia earns from Qt… just wait alittle
What do you mean by undisclosed part? There was nothing in the stock exchange releases and there seems to be nothing left.
I agree that the 4mil is correct price since the commercial part was already sold earlier. And almost all non- Qt-core developers were already fired.
http://mynokiablog.com/2012/07/24/full-text-of-nokias-symbian-champion-layoff-no-more-qt-for-nokias-future/
http://mynokiablog.com/2012/08/02/qt-to-be-sold/ http://mynokiablog.com/2012/08/09/digia-buys-qt-from-nokia/
Nokia you break my heart, this is the final straw for me…
I’ll continue to buy the odd Win/WP devices alongside the other platforms I use/support.
But I dont think I’ll ever be able to convince myself to buy a Nokia Win/WP device.
Unless said device stands “very strongly” above competing Win/WP devices.
But I don’t expect Nokia to ever do that sufficiently within the constraints of MS’s Win/WP.
Maybe I’ll come back in several years if you’ve found the courage to break out on your own again.*
Although I know the odds of that now are extremely low, one can dream.
I wish you every success, I really do… Good-bye
*assuming you’re still around & one of the top 5 players