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Thank you Suebarth for your post…#msg-75380866
SCON..Q1 EPS (8c) vs (12c) EPS +33% Y/Y
Tuesday , May 08, 2012 07:15ET
QUARTER RESULTS
Superconductor Technologies, Inc. (SCON) reported Q1 results ended March 2012. Q1 Revenues were $0.40M; -75.06% vs yr-ago. Q1 EPS was (8c); +33.33% vs yr-ago.
ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.44b651c7041f4ddec4a793d88e6f9ea581bab91b947735a91574e2863d46423aQ1 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $0.40M $1.60M -75.06% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: (8c) (12c) +33.33% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
?..you collectively have it all there in #msg-75244715
Hope you have a great week!
Sounds like you’re on top of it.
Thinking I should have of kept my mouth shut, though…sorry.
You earlier mentioned size and yes, I would think that would matter per space occupied, longer to load, etc, yet then I’m no tech. Take the chart in the NBG…#board-17091…iBox totals 211,724 bytes where as the four charts that you have posted total 32,480 + 59,081 + 70,005 + 36,039 = 197,605 bytes. The four charts you posted collectively together are smaller than that one NBG chart and hey, we’ve all seen other charts by many folks as large or larger than it. I’m having difficulty comprehending restricting chart post per total number of charts as you have also questioned given that they vary in size.
Yes, thinking I should have kept my mouth shut. Sorry!
Perhaps simply increase the number of indicators in any one chart? I didn’t understand your ref to not being able to post both Fast and Slow STO…” I lose the ability to use 2 sto's by combining charts?
Barkley Group…new 51% Pref-K Owners per latest 8/K
Herbie, sorry about #msg-75235069, I failed to reply directly to your Post. It was my intention to do so, i screwed up. I most certainly continue to look forward to hearing your take on things be it from your home in NZ or once back in North TX :o)
I continue to believe that Phil Verges made “arrangements” with one or more of his local Dallasite associates and that the particulars have not, and perhaps may never, be publicly disclosed :o( ?
Following is intended for ease of reference to prior names and addresses that were in question all along and then yesterday were confirmed by the PostNet as being customers of that PostNet store TX191. …#msg-75059956
Note: the D and the 9 in the address…that store PostNet TX191 address at 18208 Preston Rd that is 5 –9 shops right/south of the Tom Thumb grocery store is addressed D-9.
Hummm, so the PostNet TX191 customers account numbers, and/or perhaps mailbox numbers too, would therefore be the remaining 3-digits that collectively make up their customer’s account?
Barclay 18208 Preston Rd, D9….what follows after is their Customers account # and/or postal box-number at PostNet TX191?
http://www.postnet.com/dallas-tx191
Separately…..anyone know who John Potter is? Is/was John Potter connected to PV? .... http://www.corporationwiki.com/Texas/Dallas/barclay-group-inc/34372304.aspx
Scov.
Barkley Group…new 51% Pref-K Owners per latest 8/K
Herbie, sorry about #msg-75235069, I failed to reply directly to your Post. It was my intention to do so, i screwed up. I most certainly continue to look forward to hearing your take on things be it from your home in NZ or once back in North TX :o)
I continue to believe that Phil Verges made “arrangements” with one or more of his local Dallasite associates and that the particulars have not, and perhaps may never, be publicly disclosed :o( ?
Following is intended for ease of reference to prior names and addresses that were in question all along and then yesterday were confirmed by the PostNet as being customers of that PostNet store TX191. …#msg-75059956
Note: the D and the 9 in the address…that store PostNet TX191 address at 18208 Preston Rd that is 5 –9 shops right/south of the Tom Thumb grocery store is addressed D-9.
Hummm, so the PostNet TX191 customers account numbers, and/or perhaps mailbox numbers too, would therefore be the remaining 3-digits that collectively make up their customer’s account?
Barclay 18208 Preston Rd, D9….what follows after is their Customers account # and/or postal box-number at PostNet TX191?
http://www.postnet.com/dallas-tx191
Separately…..anyone know who John Potter is? Is/was John Potter connected to PV? .... http://www.corporationwiki.com/Texas/Dallas/barclay-group-inc/34372304.aspx
Scov.
Good one gbb777, especially like the feedback at the bottom.
I'm Confused?
Thanks for the smile, Herbie!
It’s always good to see your posts.
Now with that said I’m a bit pissed because it made me feel the need to get off my lazy cheap butt and actually spend both time, and around something in the neighborhood of 100,000 shares of NWMT stock PPS worth of gasoline, to drive to the site in question…. :o)
You were right.
Attempt to geographical "center"… there’s a Tom Thumb and then about 5 or 6 shops to the right (South for those Maping) is a PostNet.
I walked into that particular PostNet location confused with just two KIS…Keep It Simple… questions. I asked the female employee, the only one there visible in the office who seemed to be busy sitting in front of a computer doing stuff yet was very respectful, professional, and polite, who responded quickly to my questions…. yes…Barcaly Group is here and yes…A-Venture Capital is here. Then she used the words…we’re a drop-off. Yes, we are a drop-off for Barclay and for A-Venture Capital and for many companies.
The Barclay Group out of London, England is using a mail “drop-box” site collectively imbedded within a shopping strip-mall site area?
Oh those Dallasites?
Onward Thru the Fog!
Please give Herbie…a’smile….
Thanks for the smile, Herbie!
It’s always good to see your posts.
Now with that said I’m a bit pissed because it made me feel the need to get off my lazy cheap butt and actually spend both time, and around something in the neighborhood of 100,000 shares of NWMT stock PPS worth of gasoline, to drive to the site in question…. :o)
You were right.
Attempt to geographical "center"… there’s a Tom Thumb and then about 5 or 6 shops to the right (South for those Maping) is a PostNet.
I walked into that particular PostNet location confused with just two KIS…Keep It Simple… questions. I asked the female employee, the only one there visible in the office who seemed to be busy sitting in front of a computer doing stuff yet was very respectful, professional, and polite, who responded quickly to my questions…. yes…Barcaly Group is here and yes…A-Venture Capital is here. Then she used the words…we’re a drop-off. Yes, we are a drop-off for Barclay and for A-Venture Capital and for many companies.
The Barclay Group out of London, England is using a mail “drop-box” site collectively imbedded within a shopping strip-mall site area?
Oh those Dallasites?
Onward Thru the Fog!
http://maps.google.com/maps?hl=en&tab=wl&q=18208%20Preston%20Road%2C%20Dallas%2C%20TX%2075252
Yep...old posts like #msg-11057658 still hit a nerve.
Me too and I’m sure Shelly and others favor advance inquires and warnings prior to actions being taken. Sorry, didn’t mean to worry ya just saw the topic resurface and getting discussed again. Maybe leave what is as is and then if need be make changes to new activity moving forward?
NWMT gets booted off a National Exchange 3/4years ago for failure to provide proper SEC information off onto the PINKIES and you want to have a serious discussion about what they later posted was all true and factual?
And here we are years later, no facts filed with the SEC, flying fricking tooting about what's true or not about the Barcley?
Don't hurt yourself!
Wishing You a wonderful tonight and an even better tomorrow!
Thanks for all you do J!
Why hasn't there been an SEC filing since June 2011?
Why was NWMT tossed over onto the PINKS in 2008?
You seem to be the one in charge now...Aye?
You be the one in the know and the one that's all about what's what?
so....what's what?
What disclosures and what financial data has recently been filed be it with the SEC or the PINKies!
Nothing has officially been stated....It's official that... No One Knows Nothing!
Don't Hurt Yourself and/or Hurt Others!
Rolling on the Floor Laughing My Ass Off!
NWMT WAS ONCE ON A NATIONAL EXCHANGE.
Whatever, ...PINKY...PINKY.
Sup?
Hey, not wanting to be there...Who the heck is Barcley? Is PV affilated with Barcley?
NO ONE KNOWS ?
Thats the problem...
NO ONE KNOWS?
...Or perhaps you do?
You an insider? You been posting more than anyone else has been for years! Why you posting to such extremes?
Sup?
Employees showing up?
Not unusual
In any event....
NWMT hasn’t SEC Filed[/ib] data since June/30/2011
http://www.sec.gov/Archives/edgar/data/1092083/000115752311005255/a6845196.htm
And those recent filings, along with several SEC filings prior to them, remain in question… enough so to be so for reason and cause for NWMT to be booted off onto the PINKS. Those earlier filings are why NWMT is on the PINKS!!!
As a result there was no “Company Filings” that a national stock-market board, other than the “PINKS” was willing to recognize…. :o( So, what could they do? What could PV and NWMT do? Bless they’re hearts they had to REVERSE/SPLIT and the dilute to raise money.
KNOW ONE HAS BEEN PROVIDED ANY FINANCIAL DATA THAT CAN BE VALIDATED FOR A VERY, VERY, LONG TIME! Show me the facts…
sooooo, what was the value of Barcley’s buy? Or, has the suggested publicly indicated/mentioned transaction actually occured? Has it actually been concluded…transaction actually finalized?
Those Dallasites! I don’t Trust’em?
Onward Thru the Fog!
Scov
NWMT hasn’t SEC Filed any data since June/30/2011
This is May 2012…hello?
http://www.sec.gov/Archives/edgar/data/1092083/000115752311005255/a6845196.htm
It, and especially all those earlier SEC Filing prior before, are why NWMT is on the PINKS!!! Recall is at least a year's or two of prior Filings were in question?
….who was cooking those books…does no one yet even today know? I think they do! All we MWMT losers know is that the Books were Cooked and therefore PV’s, and PV's NWMT, was evicted and dumped over off and onto the PINKS!
As a result there was no “Company Filings” that a National Stock-Market Board, other than the “PINKS” was willing to recognize and maintain…. :o( So, what could they do? What could PV and NWMT do? They repeatedly had to REVERSE/SPLIT… and dilute… to raise money…just to stay alive on the PINKS.
Today…real-time…KNOW ONE HAS BEEN PROVIDED ANY FINANCIAL DATA THAT CAN BE VALIDATED FOR A VERY, VERY, LONG TIME! Again…. http://www.sec.gov/Archives/edgar/data/1092083/000115752311005255/a6845196.htm
sooooo, what was the value of Barcley’s buy? Or, has the suggested publicly indicated/mentioned transaction actually occurred? Has the final transaction actually been concluded…transaction actually finalized?
Those Dang Dallasites! I don’t Trust’em?’
Onward Thru the Fog!
Scov
Hey J, fyi &/or fwiw ...
chart posting …… Newly reinforcing of older rules/regs?
Bottom line, sure would hate to lose your charts.
#msg-74612834
#msg-74410357
Thanks for all you do J!
NOK:..$0.2632 Cash Dividend; Approaching Record Date
Thursday , May 03, 2012 07:00ET
The previously announced $0.2632 cash dividend for Nokia Corporation ADS (NYSE: NOK) will only be applicable to shareholders of record as of May 08, 2012. Shares are also expected to go ex-dividend on May 06, 2012.
DECL-DATE X-DATE REC-DATE PAY-DATE
----------- ----------- ----------- -----------
02/01/2012 05/06/2012 05/08/2012 05/29/2012
edit/deleted - duplicate post
scov
Five Calls To Make On Facebook's IPO
http://www.forbes.com/sites/investor/2012/05/01/five-key-questions-about-facebook/
Did you see this one written by ADVFN.com's CEO Clem Chambers?
And then what happens?
And then what happens?
And then what happens?
Question being did Phil Verges, who lives generically in the Dallas, TX area, whom has claimed to operate multiple businesses out of a tiny rent/lease office in north Dallas, a location/office that he, and all the other claimed multiple employees that PV claims to work there, do not actually occupy on any stretch of what could be considered a regular basis, does not know, has not met, and has no affiliation whatsoever with Dallas, TX business person Cj Comu whom has claimed multiple identifiable connections to Barclay?
Some saying Dallas resident Phil Verges doesn’t know Dallas resident Cj Comu whom claims to be connected to TBG…The Barclay Group?
Hummmm? If I’m not mistaken PV via NWMT, and/or whatever the stock symbol ticker was as it changed in the last 10-years via the multiple R/S’s….. repeatedly made claims of being connected to Microsoft?
How hard would it therefore be for Cj Comu to have some generic reference to be connected to a company located in London, England? Was PV ever really connected to Microsoft? Is Cj Comu now financially connected with PV…financially speaking as one connected to BARK.L out of London, England!
Heck, I don’t know for sure…no one does? That’s the problem. All I believe/think is that Cj Comu is involved. It is my opinion that both Dallasite’s Cj Comu and Dallasite Phil Verges connected and, and, and, and,…..Arranged some kind a “Deal”.
I continue to be concerned regarding the continued lack of disclosure…the continued silence about the details of the “Deal” is disconcerting… “business as usual”… no information…nothing has changed…seems to me to continue to be all PV’ish
Onward Thru the Fog!
Scov.
(link back for some additional clarification)
AVP: Q1 Adj EPS 10c..vs..37c Misses 28c Est
Tuesday , May 01, 2012 07:21ET
QUARTER RESULTS
Avon Products Inc (AVP) reported Q1 results ended March 2012. Q1 Revenues were $2,575.40M; -2.04% vs yr-ago; BEATING revenue consensus by +2.03%. Q1 EPS was 6c. Adjusted Q1 EPS was 10c; -72.97% vs yr-ago; MISSING earnings consensus by -64.29%.
ORIGINAL EARNINGS RELEASE: http://www.knobias.com/story.htm?eid=3.1.83efc55851af638b0bd6fa0b69c9515a47b112ed5a4ea8dd7e29ffa7346502b4Q1 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $2,575.40M $2,629.10M -2.04% $2,524.23M +2.03%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 6c N/A N/A N/A N/A
Adj EPS: 10c 37c -72.97% 28c -64.29%
---------- ------------ ------------ ---------- ------------ ----------
I think it’s local Dallas Barclay group affiliated, not the 220/pps London, England group
8/K - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8188818
Item 5.01 Chairman Resignation and Change Of Control
On March 30, 2012 Philip Verges resigned as Chairman of the Board. The resignation was executed in conjunction with a private transaction in which the Series K Preferred stock, previously under Mr. Verges’ control, was sold to a third party. The Series K Preferred stock controls fifty-one percent of the NewMarket common stock voting rights. The March 30th resignation and change of control transaction was executed in conjunction with a strategic business plan update previously announced on October 20, 2011. The Series K Preferred stock was purchased by The Barclay Group.
(Note reference to Absa Group under Company Description…hmmm?).
I’m thinking Phil Verges knew/knows local Dallasite Cj Comu and they worked out a deal of some sort. Not disclosing more information is disconcerting.
Exactly the point…who is them?
To whom do we “give a chance”? No one knows.
Under what circumstances would it be kept this secrete?
any experts at ”Searching Addresses” out there?
Who’s showing up occupying this location at….18208 Preston Road, Suite 9314, Dallas, TX 75252?
We are in need of more DD, more searches ….Who Occupies 18208 Preston Road, Suite 9314, Dallas, TX 75252?
Seems all to handy given that the two are only around 5 miles and or 20-minutes from one another, just a bit north of NWMT’s official address and also closer to where PV’s home is?
Hey, let’s all of us Google the address, 18208 Preston Road, Suite 9314, Dallas, TX 75252, to see what we can come up with to confirm whom occupies that space?
Onward Thru the Fog!
Scov
Wonderful point J..Credit Raiders Fitch, Moodys and S&P collectively came together all reaching the same end-game….
The 3 collectively are now publicly disclosing that they are on the same page therefore further unknowns/complications and/or any cloudy sky’s amongst the 3 are now officially clean & clear moving forward?
This is a time-line level of “support”?
?
Nokia...Left For Dead, Cut To Junk By S&P
http://247wallst.com/2012/04/27/nokia-left-for-dead-cut-to-junk-by-sp/
Posted: April 27, 2012 at 8:40 am
(NYSE: NOK), already almost without a pulse, was downgraded to junk by S&P.
The agency said
Standard & Poor’s Ratings Services said today that it had lowered its long-term corporate credit rating on Finland-based mobile telecommunications equipment manufacturer Nokia Corp. to ‘BB+’ from ‘BBB-’ and its short-term corporate credit rating to ‘B’ from ‘A-3'. The outlook is negative.
At the same time, we lowered our issue ratings on Nokia’s unsecured debt to ‘BB+’ from ‘BBB-’ and assigned recovery ratings of ’3' to this debt, reflecting our expectation of meaningful (50%-70%) recovery prospects in an event of payment default.
The rating action reflects a downward revision of our expectations for revenues from Nokia’s Devices and Services division in 2012 and a subsequent revision of our profitability and cash flow assumptions.
S&P showed little faith in the new alliance with Microsoft (NASDAQ: MSFT) which has already produced the buggy Lumia 900. The smartphone is based on Window OS. Nokia has largely abandon its own Symbian OS, a move which S&P questioned.
The announcement came on the same day that Strategic Analysts reported that Samsung passed Nokia as the world’s largest handset company by volume
It is only a matter of time before Nokia is broken into two piece–one smartphone, and the other cheap handsets, and sold
Douglas A. McIntyre
Nice NOK Pincher Chart..thanks J & thanks jimmenknee
I hadn’t previously recognized/acknowledged TRIX over ChiOsc as also being another “pinch” indicator to keep an eye on. Thanks for the edumication jimmenknee :o)
Will the more "regular default duration" timeline indicaters support the quicker ones? Seems to me there is "support" being established by the quickers, how strong a support? I'd like to see the more regular standard default indicators follow support indication of the quickers indicators.
fwiw, I'm leaning more "support" postive than not right now...
Respectes and Best Wishes,
Scov.
Debt Rating Downgraded To Junk Status Buy Fitch
http://www.forbes.com/sites/ericsavitz/2012/04/24/nokia-debt-rating-downgraded-to-junk-status-buy-fitch/
CIO Network | 4/24/2012 @ 9:30AM
It has come down to this: Nokia is now just another junk bond issuer.
Fitch Ratings this morning cut its senior unsecured debt rating on Nokia to BB+ from BBB-. Fitch said the company’s outlook remains negative. The new rating puts Nokia’s rating below investing grade – in other words, the company’s debt now has junk status.
“The downgrade reflects Fitch’s view that the deterioration in the company’s core Devices and Services division in Q1, together with the company guidance of -3% non-IFRS operating margins or below for the division for Q2 and the general lack of visibility beyond this point, means Nokia’s profile is no longer commensurate with an investment grade rating,” Fitch said in a statement.
To avoid further rating cut, Fitch says, “Nokia needs to demonstrate substantial improvements over Q3 2012, Q4 2012 and 2013.”
Fitch said Nokia needs to stabilize revenues and be capable of generating low-single digit non-IFRS operating profit margins and positive pre-dividend free cash flow, if it is to affirm the current rating. “Given the potential headwinds facing the company, Fitch is currently not convinced that Nokia can attain this over the course of 18 months.”
The ratings agency said that the launch of the new Lumia phone with AT&T, and the potential launch of new Nokia products later in the year, could be positive for Nokia’s credit profile. “However, there are also numerous negative potential factors which could delay or fully impede a recovery,” Fitch said. “These could come from further dramatic declines in Nokia’s low-end smartphone and feature phone business, further losses at Nokia Siemens Networks, or only partial success of the Lumia product range that does not compensate fully for the declines in the rest of the business.”
Fitch notes that the company has 9.8 billion Euros of gross cash and 4.9 billion Euros of net cash. “Although this net cash position is currently strong, this could be depleted over the next 18 months by substantial restructuring charges and the potentially negative operating cash flow that could persist unless the company’s operating performance improves,” Fitch added. “The agency will closely monitor the company’s Q3 and Q4 results for evidence of a stabilization of operating trends. If Fitch believes that Nokia is not capable of stabilizing revenues and generating positive operating margins, further negative rating actions will be taken.”
NOK this morning is down 11 cents, or 3%, to $3.54, yet another new 52-week low.
NOK..4 Technology Stocks Under $4 To Buy, 1 To Avoid
http://seekingalpha.com/article/516601-4-technology-stocks-under-4-to-buy-1-to-avoid?
Seeking Alpha - April 22, 2012 by: Chris Lau - includes: ALU, CLWR, NOK, S, THQI
.
.
5) Nokia Corporation (NOK) - Speculative Buy
Nokia shares closed at $3.70, a price not seen since 1997. Shares are down 30.58% for the month, and down 7.96% for the week after the company reported earnings. Nokia launched the much-awaited Lumia 900 in the United States. The launch will prove to be successful. Verizon is also onboard a third ecosystem. The company's CFO tweeted that:
We created the Android platform from beginning … we are looking to do the same thing with a third ecosystem (Windows Phone).
The highlights from the Q1 conference call are:
- R&D support from Microsoft (MSFT) for Windows Phone will be $1 billion this year
- Sales expectations in the U.S. were met
- Q2 will be the first quarter where full sales for Lumia in major markets are included
- Company has EUR 4.9 billion in net cash
- OpEx dropped by EUR 700 million
- Gross margins for Lumia is 16%
- Lumia just started to arrive in stores in China
- Benefit of cash flow from Microsoft outweighs royalty payments
The negative points from the conference call are:
- Company faced challenges in establishing momentum in the United Kingdom
- Competition from Chinese manufacturers and from Android is putting pressure on pricing
- Sales for devices and services dropped 29% sequentially, and 40% year-over-year
- OpEx run rate for devices and services is still EUR 4.6 billion
- Nokia Siemens Networks is still a drag, with operating margins negative 5%
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in THQI, NOK over the next 72 hours.
Ooops on my prior CPST pps directional implication.
An interim pull back following the recent growth does seem reasonable. I wasn't pumping about filling the next up gap :o)
Have a wonderful weekend, J
Smartypants...your ref to ISS looks timely
found some bottom and started showing signs of wanting to recover the day of your post.
...link back for chart
Nokia Plots Cheaper Lumia
http://online.wsj.com/article/SB10001424052702303425504577353371141520382.html
EARNINGS Updated April 20, 2012, 1:03 a.m. ET
Stung by Lower-Priced Asian Smartphones, CEO Plans to 'Deeply' Lower Prices of New Handsets
By SVEN GRUNDBERG And ANTON TROIANOVSKI
Bloomberg News
Nokia CEO Stephen Elop said new Lumia phones sales have been 'mixed' as the company posted a $1.2 billion loss and 29% revenue drop.
Nokia Corp.'s NOK1V.HE -4.46%newly launched Lumia smartphones are a central plank of its turnaround strategy, but early returns show these devices aren't exactly winning over consumers in a brutally competitive market.
Chief Executive Stephen Elop said Thursday that "actual sales results have been mixed" of the Lumia phones, a disappointment for a company fighting to stay relevant in a market teeming with lower-priced devices.
"We exceeded expectations in markets including the U.S.," Mr. Elop said, "but establishing momentum in certain markets including the U.K. has been more challenging."
Disappointing sales of Nokia's new Lumia smartphones will soon result in "deeply" discount the devices to spur sales, George Stahl reports on digits. Photo: Nokia.
In response, Mr. Elop said he plans to "deeply" lower prices of new Lumia devices to better compete with Asian rivals in emerging markets. He declined to specify exactly when Nokia plans to unveil new cheaper Lumia phones.
Nokia reported a €929 million ($1.2 billion) loss for the first quarter Thursday as revenue dropped 29% to €7.35 billion. It said the executive in charge of its world-wide sales force was leaving the company. The executive, Colin Giles, a Nokia veteran, has been head of global sales since January 2010 as it restructures its sales unit, "reducing a layer of sales management," Nokia said.
Nokia's standing in emerging markets has been key to the Finnish company's business. Nokia has been churning out ever-cheaper models of basic phones that can do little but call and text, such as a $21 device announced last week called the Nokia 103. And it has promised less expensive versions of the Lumia smartphones, which run Microsoft Corp.'s MSFT +5.42%new mobile operating system.
But consumers around the world are shunning basic Nokia phones and turning increasingly to cheap smartphones powered by Google Inc.'s GOOG +0.96%Android software. One of those phone makers, Samsung Electronics Co., could surpass Nokia as the world's largest maker of phones by volume this year, according to some market observers.
Mr. Elop said Nokia's nonsmartphone portfolio is at a disadvantage among price-sensitive consumers in the Middle East, Africa, Asia, and elsewhere, who are also increasingly tech-savvy. He said Nokia will be launching basic phones with increased social-networking support, such as Facebook in Arabic and improved integration with Twitter.
The Nokia 103 will go on sale in Nigeria in the next few weeks, a spokesman said. Among its promoted features include a flashlight, a dust-resistant keypad and a default volume setting that will be higher to help consumers living in places like crowded Lagos, the spokesman said.
In the U.S., Nokia invested heavily in the April 8 launch of the Lumia 900, arranging a concert in New York's Times Square featuring hip-hop star Nicki Minaj and providing more than 10,000 phones to AT&T Inc. T +0.63%to distribute to its stores.
The launch of the phone, which costs $100 with a two-year contract, hit a setback a few days later when news surfaced of a software glitch that caused some devices to lose Internet connectivity.
Nokia is offering a $100 rebate to those who buy the phone through April 21.
Last week, Nokia warned that intense competition in fast-growing emerging markets would hurt results in the first half of this year. Nokia last year decided to abandon Symbian, its in-house phone operating software now considered by many to be clunky and old-fashioned, and switch to Microsoft's new Windows Phone software. It also announced severe job cuts.
Nokia said it shipped 82.7 million devices in total in the first quarter, down from 108.5 million devices the same quarter last year. Volume in China fell 62%, North America fell 50% and Europe was down 32%.
Its smartphone shipments, which include its old range of Symbian devices as well as its new Windows-powered Lumia range, were at 11.9 million, down from 24.2 million a year ago. Average selling prices for smartphones declined 2% year-to-year to €143, while average prices for basic phones were at €33, down from €40 a year ago.
Nokia announced close to 14,000 job cuts last year in a bid to erase €1 billion from its operating costs by 2013. It hasn't ruled out further cuts and on Thursday it said it plans to accelerate and substantially deepen cost savings for its Devices & Services unit and will give further details soon.
As Nokia declines, Samsung is thriving. Earlier this month, Samsung said it expects an operating profit for the January-March quarter around the $5 billion mark.
"Samsung plays a very strong role [on emerging markets] and is one of our a principal competitors," Mr. Elop said.
According to research firm Gartner, Nokia had a 23.4% market share for mobile phones in the fourth quarter last year, when it sold 111.7 million handsets. Samsung sold 92.7 million handsets, giving it a 19.4% volume market share.
Nokia shares slid 3.8% to $3.82 in New York Stock Exchange trading Thursday, a 15-year low. The shares have declined more than 60% since the company announced its transition from Symbian last year in February.
Write to Sven Grundberg at sven.grundberg@dowjones.com
Corrections & Amplifications
Nokia reported a €929 million loss in the first quarter. A previous version of this article stated that figure as €929 billion.
A version of this article appeared April 20, 2012, on page B3 in some U.S. editions of The Wall Street Journal, with the headline: Nokia Plots Cheaper Lumia.