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.
一旦开始变卖家当，买家不久便会盯上其它家产。本周发布的消息并不稀奇：诺基亚(Nokia)在4月以前无法出售手机业务：卖给微软(Microsoft)要得到监管机构点头，而manbetx3.0 的反垄断审批过程相当拖沓。但自从该交易于去年秋天达成以来，投资者就一直在为诺基亚余下的资产估值：它的诺基亚西门子通信(NSN)电信设备业务、地图业务和专利组合。正如其股价波动所反映的（过去一年的股价在2.6欧元至6欧元的区间波动）——估值并不容易。
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