Sell off the family silver and before long buyers eye the other heirlooms. News this week that Nokia will not part from its handset business until April is no shock: the sale to Microsoft needs regulatory nods and China’s antitrust processes grind slowly. But since the deal was struck last autumn, investors have been assessing the rest of Nokia: its NSN telecoms equipment business, maps unit and patent portfolio. As the shares’ volatility shows – moving between €2.60 and €6 over the past year – this is not simple.
一旦開始變賣家當，買家不久便會盯上其它家產。本週發佈的訊息並不稀奇：諾基亞(Nokia)在4月以前無法出售手機業務：賣給微軟(Microsoft)要得到監管機構點頭，而中國的反壟斷審批過程相當拖沓。但自從該交易於去年秋天達成以來，投資者就一直在爲諾基亞餘下的資產估值：它的諾基亞西門子通訊(NSN)電信設備業務、地圖業務和專利組合。正如其股價波動所反映的（過去一年的股價在2.6歐元至6歐元的區間波動）——估值並不容易。
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