Approved this new Nokia stock purchase requisition.
Commercially, we want to keep the Nokia Lumia smart phone distribution business on going into next year and beyond.
2 weeks ago, I have seen the Microsoft Lumia smart phone new product roadmap of 2015 and they are going to go after the mid to entry tier smart phones main stream consumer segment in 2015 with aggressive price tiers of new Lumia models under Microsoft branding.
The Lumia business franchise will grow gradually and steadily under Microsoft's stewardship in 2015.
I am also keeping in close contact with Juha who is currently in charge of Microsoft Thailand's mobile device channel marketing so potentially we want to explore new vendor relationship with Microsoft in Thailand in next year for the Lumia smart phone distribution business in Thailand.
This new Nokia stock purchase can keep us in the game into Q1 next year while also helping to garner UD's support in selling thru IMMTH's ageing Nokia stock on hand.
In Q1, after Nokia smart phone biz settles down in Microsoft, we can work on our next phase of Nokia smart phone business, which will be under the Microsoft branding.
Thanks and much appreciate both PM and Finance's team's perseverance and commitment in negotiating with UD on this Nokia new stock purchase and ageing stock clearance proposal.