NOK-ALU: Merging different
cultures is a big obstacle
and re-assuring customers of Wireless
equipment as it relates which of the two sides will be en-of-lifed
is another obstacle. Not impossible to do, but could
lengthened the transition. Both companies have dealt with this
in the past, when they were in much deeper problems, so one could
hope t will be handled better given the experience with these
matters. Am article on these subject: Nokia Still Faces
Risks in Alcatel Merger -- Market Talk11:26 AM ET 4/15/15 | Dow
Jones 1526 GMT A merger with Alcatel-Lucent carries big risks for
Nokia, notably because of the difficulty to combine different
cultures, say analysts. Alcatel-Lucent itself was formed through a
2006 Franco-U.S. marriage that had a tumultuous start and yielded
years of losses. "Even if everything works out reasonably well,
combining the two companies will take a couple of years," said Sami
Sarkamies, an analyst with Nordea Bank in Helsinki. Nokia shares
are down 1.1% at EUR7.41, Alcatel shares down 14% at EUR3.84,
having risen 16% on Tuesday. (juhana.rossi@wsj.com)
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