Nokia will sell the patent for a "fair price"

As the chief financial officer of Nokia, Timo Ihamuotila (Timo Ihamuotila), the Finnish manufacturer is able to sell their patents, if the proposed price for them will be in charge of the management concepts of justice. He stated this at a press conference on the preliminary report on the results of the second quarter. "We will sell the patent for a fair price," - said Timo Ihamuotila. In this he confirmed that Nokia is in desperate need of funding, despite the fact that the messages after the announcement of the first quarter of 2012, particularly for the fact that the Finnish manufacturer, in spite of the loss has a significant amount of free assets. Now, it is logical to assume that the company's financial position is not as good as it seemed in the first three months of this year. According to Mr. Ihamuotila, Nokia can afford to sell the patents, but still maintain their portfolio, which would be solid and competitive basis. The company currently has approximately 30,000 patents and 10,000 of patented innovations. In the center of research and development, which is primarily exposed to reductions in the current year, every year about 1000 innovations that can be patented. How it will affect the future reduction is not yet clear. Nokia has so far been one of the least aggressive players in the patent, but the situation may change as this manufacturer will experience a growing need for funds.