21st Mar 2011 12:00
Nokia / Miscellaneous 21.03.2011 14:00 Dissemination of a UK Regulatory Announcement, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Nokia CorporationStock Exchange ReleaseMarch 21, 2011 at 15.00 (CET +1) Espoo, Finland - Following the devastating earthquake and tsunami in Japan,Nokia continues to evaluate the impact of this tragic event on its globaloperations. Although a complete picture is not available, Nokia expects somedisruption to the ability of its Devices & Services unit to supply a number ofproducts due to the currently anticipated industry-wide shortage of relevantcomponents and raw materials sourced from Japan. However, Nokia does not expectany material impact on its Q1 2011 results due to this event. 'First and foremost, our thoughts are with those affected by the earthquake inJapan. We are working hard to support our employees, their families, as well asdisaster relief efforts through the Japanese Red Cross,' says Niklas Savander,Executive Vice President, Markets, Nokia. 'We are in constant dialogue with oursuppliers and with their extended supply chain in the region. Nokia's supplychain management system is designed to mitigate operational disruptions byusing alternative sources for components and production processes. In an effortto minimize the impact, Nokia will continue working with suppliers inside andoutside of Japan.' Nokia will continue to monitor the situation and will provide more detailedinformation during its next quarterly results announcement on April 21, 2011 atthe latest. About NokiaNokia is committed to connecting people to what matters to them by combiningadvanced mobile technology with personalized services. More than 1.3 billionpeople connect to one another with a Nokia, from our most affordablevoice-optimized mobile phones to advanced Internet-connected smartphones soldin virtually every market in the world. Through Ovi (www.ovi.com), people alsoenjoy access to maps and navigation on mobile, a rapidly expanding applicationsstore, a growing catalog of digital music, free email and more. Nokia's NAVTEQis a leader in comprehensive digital mapping and navigation services, and NokiaSiemens Networks is one of the leading providers of telecommunicationsinfrastructure hardware, software and professional services globally. FORWARD-LOOKING STATEMENTSIt should be noted that certain statements herein which are not historicalfacts are forward-looking statements, including, without limitation, thoseregarding: A) the intention to form a strategic partnership with Microsoft tocombine complementary assets and expertise to form a global mobile ecosystemand to adopt Windows Phone as our primary smartphone platform, including theexpected plans and benefits of such partnership; B) the timing and expectedbenefits of our new strategy, including expected operational and financialbenefits and targets as well as changes in leadership and operationalstructure; C) the timing of the deliveries of our products and services; D) ourability to innovate, develop, execute and commercialize new technologies,products and services; E) expectations regarding market developments andstructural changes; F) expectations and targets regarding our industry volumes,market share, prices, net sales and margins of products and services; G)expectations and targets regarding our operational priorities and results ofoperations; H) expectations and targets regarding collaboration and partneringarrangements; I) the outcome of pending and threatened litigation; J)expectations regarding the successful completion of acquisitions orrestructurings on a timely basis and our ability to achieve the financial andoperational targets set in connection with any such acquisition orrestructuring; and K) statements preceded by 'believe,' 'expect,' 'anticipate,''foresee,' 'target,' 'estimate,' 'designed,' 'plans,' 'will' or similarexpressions. These statements are based on management's best assumptions andbeliefs in light of the information currently available to it. Because theyinvolve risks and uncertainties, actual results may differ materially from theresults that we currently expect. Factors that could cause these differencesinclude, but are not limited to: 1) whether definitive agreements can beentered into with Microsoft for the proposed partnership in a timely manner, orat all, and on terms beneficial to us; 2) our ability to succeed in creating acompetitive smartphone platform for high-quality differentiated winningsmartphones or in creating new sources of revenue through the proposedpartnership with Microsoft; 3) the expected timing of the planned transition toWindows Phone as our primary smartphone platform and the introduction of mobileproducts based on that platform; 4) our ability to maintain the viability ofour current Symbian smartphone platform during the transition to Windows Phoneas our primary smartphone platform; 5) our ability to realize a return on ourinvestment in MeeGo and next generation devices, platforms and userexperiences; 6) our ability to build a competitive and profitable globalecosystem of sufficient scale, attractiveness and value to all participants andto bring winning smartphones to the market in a timely manner; 7) our abilityto produce mobile phones in a timely and cost efficient manner withdifferentiated hardware, localized services and applications; 8) our ability toincrease our speed of innovation, product development and execution to bringnew competitive smartphones and mobile phones to the market in a timely manner;9) our ability to retain, motivate, develop and recruit appropriately skilledemployees; 10) our ability to implement our strategies, particularly our newmobile product strategy; 11) the intensity of competition in the variousmarkets where we do business and our ability to maintain or improve our marketposition or respond successfully to changes in the competitive environment; 12)our ability to maintain and leverage our traditional strengths in the mobileproduct market if we are unable to retain the loyalty of our mobile operatorand distributor customers and consumers as a result of the implementation ofour new strategy or other factors; 13) our success in collaboration andpartnering arrangements with third parties, including Microsoft; 14) thesuccess, financial condition and performance of our suppliers, collaborationpartners and customers; 15) our ability to manage efficiently our manufacturingand logistics, as well as to ensure the quality, safety, security and timelydelivery of our products and services; 16) our ability to source sufficientamounts of fully functional quality components, subassemblies and software on atimely basis without interruption and on favorable terms; 17) our ability tomanage our inventory and timely adapt our supply to meet changing demands forour products; 18) our ability to successfully manage costs; 19) our ability toeffectively and smoothly implement the new operational structure for ourdevices and services business effective April 1, 2011; 20) the development ofthe mobile and fixed communications industry and general economic conditionsglobally and regionally; 21) exchange rate fluctuations, including, inparticular, fluctuations between the euro, which is our reporting currency, andthe US dollar, the Japanese yen and the Chinese yuan, as well as certain othercurrencies; 22) our ability to protect the technologies, which we or othersdevelop or that we license, from claims that we have infringed third parties'intellectual property rights, as well as our unrestricted use on commerciallyacceptable terms of certain technologies in our products and services; 23) ourability to protect numerous Nokia, NAVTEQ and Nokia Siemens Networks patented,standardized or proprietary technologies from third-party infringement oractions to invalidate the intellectual property rights of these technologies;24) the impact of changes in government policies, trade policies, laws orregulations and economic or political turmoil in countries where our assets arelocated and we do business; 25) any disruption to information technologysystems and networks that our operations rely on; 26) unfavorable outcome oflitigations; 27) allegations of possible health risks from electromagneticfields generated by base stations and mobile products and lawsuits related tothem, regardless of merit; 28) our ability to achieve targeted costs reductionsand increase profitability in Nokia Siemens Networks and to effectively andtimely execute related restructuring measures; 29) Nokia Siemens Networks'ability to maintain or improve its market position or respond successfully tochanges in the competitive environment; 30) Nokia Siemens Networks' liquidityand its ability to meet its working capital requirements; 31) whether NokiaSiemens Networks' acquisition of the majority of Motorola's wireless networkinfrastructure assets will be completed in a timely manner, or at all, and, ifcompleted, whether Nokia Siemens Networks is able to successfully integrate theacquired business, cross-sell its existing products and services to customersof the acquired business and realize the expected synergies and benefits of theplanned acquisition; 32) Nokia Siemens Networks' ability to timely introducenew products, services, upgrades and technologies; 33) Nokia Siemens Networks'success in the telecommunications infrastructure services market and NokiaSiemens Networks' ability to effectively and profitably adapt its business andoperations in a timely manner to the increasingly diverse service needs of itscustomers; 34) developments under large, multi-year contracts or in relation tomajor customers in the networks infrastructure and related services business;35) the management of our customer financing exposure, particularly in thenetworks infrastructure and related services business; 36) whether ongoing orany additional governmental investigations into alleged violations of law bysome former employees of Siemens AG may involve and affect the carrier-relatedassets and employees transferred by Siemens AG to Nokia Siemens Networks; 37)any impairment of Nokia Siemens Networks customer relationships resulting fromongoing or any additional governmental investigations involving the Siemenscarrier-related operations transferred to Nokia Siemens Networks; as well asthe risk factors specified on pages 12-39 of Nokia's annual report Form 20-Ffor the year ended December 31, 2010 under Item 3D. 'Risk Factors.' Otherunknown or unpredictable factors or underlying assumptions subsequently provingto be incorrect could cause actual results to differ materially from those inthe forward-looking statements. Nokia does not undertake any obligation topublicly update or revise forward-looking statements, whether as a result ofnew information, future events or otherwise, except to the extent legallyrequired. Media Enquiries: NokiaCommunicationsTel. +358 7180 34900Email: [email protected] www.nokia.comNews Source: NASDAQ OMX 21.03.2011 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Nokia FinlandPhone: Fax: E-mail: Internet: ISIN: FI0009000681Category Code: MSCLSE Ticker: 0HAFSequence Number: 748Time of Receipt: March 21, 2011 14:00:16 End of Announcement DGAP News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.
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