ALU should deliver decent
guidance for the next few quarters
As the restructuring plan continues to bear fruit, strict
cost controls and new contracts add a layer of cushion to both
revenues and profits, I see ALU outperforming NOK in the short to
midterm. By that I mean growth relative to previous quarters,
not absolute profits. This might add fuel to those who are
complaining about the terms agreed to for this merger. I too
believe that if NOK has to take a lower bid for HERE, or does not
sell the business unit, it too will add more fuel to that
fire.
It is far from certain if the complaints will lead to a
sweetened bid, but I think the voices of descent will get
louder.
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