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SCHEDULE 13G
Amendment No. 4
Nokia Corporation
American Depository Receipts
Cusip # 654902204
Filing Fee: No
Cusip # 654902204
Item 1: Reporting Person - FMR Corp. - (Tax ID: 04-2507163)
Item 4: Commonwealth of Massachusetts
Item 5: 389,800
Item 6: None
Item 7: 9,189,150
Item 8: None
Item 9: 9,189,150
Item 11: 87.52%
Item 12: HC
Cusip # 654902204
Item 1: Reporting Person - Edward C. Johnson 3d - (Tax ID: ###-##-####)
Item 4: United States of America
Item 5: None
Item 6: None
Item 7: 9,189,150
Item 8: None
Item 9: 9,189,150
Item 11: 87.52%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
Nokia Corporation
Item 1(b). Name of Issuer's Principal Executive Offices:
2300 Valley View Lane, Suite 100
Irving, TX 75062
Item 2(a). Name of Person Filing:
FMR Corp.
Item 2(b). Address or Principal Business Office or, if None, Residence:
82 Devonshire Street, Boston, Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
American Depository Receipts
Item 2(e). CUSIP Number:
654902204
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and
the
person filing, FMR Corp., is a parent holding company in accordance
with Section 240.13d-1(b)(ii)(G). (Note: See Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned:
9,189,150
(b) Percent of Class:
87.52%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
389,800
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the disposition of:
9,189,150
(iv) shared power to dispose or to direct the disposition of:
None
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the
sale of, the American Depository Receipts of Nokia Corporation.
The interest of one person, Fidelity Contrafund, an investment
company registered under the Investment Company Act of 1940, in
the American Depository Receipts of Nokia Corporation, amounted
to 1,170,000 shares or 11.14% of the total outstanding American
Depository Receipts at June 30, 1995. The interest of one
person, Fidelity Magellan Fund, an investment company
registered under the Investment Company Act of 1940, in the
American Depository Receipts of Nokia Corporation, amounted to
857,600 shares or 8.17% of the total outstanding American
Depository Receipts at June 30, 1995. The interest of one
person, Fidelity Growth Company, an investment company
registered under the Investment Company Act of 1940, in the
American Depository Receipts of Nokia Corporation, amounted to
839,400 shares or 7.99% of the total outstanding American
Depository Receipts at June 30, 1995. The interest of one
person, Fidelity Select Electronics Fund, an investment company
registered under the Investment Company Act of 1940, in the
American Depository Receipts of Nokia Corporation, amounted to
578,500 shares or 5.51% of the total outstanding American
Depository Receipts at June 30, 1995. The interest of one
person, Fidelity Trend Fund, an investment company registered
under the Investment Company Act of 1940, in the American
Depository Receipts of Nokia Corporation, amounted to 580,000
shares or 5.52% of the total outstanding American Depository
Receipts at June 30, 1995. The interest of one person,
Fidelity VIP Growth Fund, an investment company registered
under the Investment Company Act of 1940, in the American
Depository Receipts of Nokia Corporation, amounted to 915,000
shares or 8.71% of the total outstanding American Depository
Receipts at June 30, 1995. The interest of one person,
Fidelity Management Trust Company, a bank as defined in Section
3(a)(6) of the Securities Exchange Act of 1934, in the American
Depository Receipts of Nokia Corporation, amounted to 597,800
shares or 5.69% of the total outstanding American Depository
Receipts at June 30, 1995.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
See attached Exhibit(s) A, B, and C.
Item 8. Identification and Classification of Members of the Group.
Not applicable, see attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any
transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
Schedule 13G in connection with FMR Corp's beneficial ownership
of the American Depository Receipts of Nokia Corporation at
June 30, 1995 is true, complete and correct.
July 7, 1995
Date
/s/Arthur S. Loring
Signature
Arthur S. Loring, Vice
President
Name/Title
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to the instructions in Item 7 of Schedule 13G, Fidelity
Management & Research Company ("Fidelity"), 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and an investment
adviser registered under Section 203 of the Investment Advisers Act of 1940,
is the beneficial owner of 8,570,650 shares or 81.63% of the American
Depository Receipts outstanding of Nokia Corporation ("the Company") as a
result of acting as investment adviser to several investment companies
registered under Section 8 of the Investment Company Act of 1940.
The ownership of one investment company, Fidelity Contrafund, amounted
to
1,170,000 shares or 11.14% of the American Depository Receipts outstanding.
Fidelity Contrafund has its principal business office at 82 Devonshire Street,
Boston, Massachusetts 02109.
The ownership of one investment company, Fidelity Magellan Fund,
amounted
to 857,600 shares or 8.17% of the American Depository Receipts outstanding.
Fidelity Magellan Fund has its principal business office at 82 Devonshire
Street, Boston, Massachusetts 02109.
The ownership of one investment company, Fidelity Growth Company,
amounted to 839,400 shares or 7.99% of the American Depository Receipts
outstanding. Fidelity Growth Company has its principal business office at 82
Devonshire Street, Boston, Massachusetts 02109.
The ownership of one investment company, Fidelity Select Electronics
Fund, amounted to 578,500 shares or 5.51% of the American Depository Receipts
outstanding. Fidelity Select Electronics Fund has its principal business
office at 82 Devonshire Street, Boston, Massachusetts 02109.
The ownership of one investment company, Fidelity Trend Fund, amounted
to
580,000 shares or 5.52% of the American Depository Receipts outstanding.
Fidelity Trend Fund has its principal business office at 82 Devonshire Street,
Boston, Massachusetts 02109.
The ownership of one investment company, Fidelity VIP Growth Fund,
amounted to 915,000 shares or 8.71% of the American Depository Receipts
outstanding. Fidelity VIP Growth Fund has its principal business office at 82
Devonshire Street, Boston, Massachusetts 02109.
Edward C. Johnson 3d, FMR Corp., through its control of Fidelity, and
the
Funds each has sole power to dispose of the 8,570,650 shares owned by the
Funds.
Neither FMR Corp. nor Edward C. Johnson 3d, Chairman of FMR Corp., has
the sole power to vote or direct the voting of the shares owned directly by
the Fidelity Funds, which power resides with the Funds' Boards of Trustees.
Fidelity carries out the voting of the shares under written guidelines
established by the Funds' Boards of Trustees.
Fidelity Management Trust Company, 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and a bank as
defined in Section 3(a)(6) of the Securities Exchange Act of 1934, is the
beneficial owner of 597,800 shares or 5.69% of the American Depository
Receipts outstanding of the Company as a result of its serving as investment
manager of the institutional account(s).
Edward C. Johnson 3d and FMR Corp., through its control of Fidelity
Management Trust Company, has sole dispositive power over 597,800 shares and
sole power to vote or to direct the voting of 369,100 shares, and no power to
vote or to direct the voting of 228,700 Shares of American Depository Receipts
owned by the institutional account(s) as reported above.
Edward C. Johnson 3d and Abigail P. Johnson each own 24.9% of the
outstanding voting common stock of FMR Corp. Mr. Johnson 3d is Chairman of
FMR Corp. Various Johnson family members and trusts for the benefit of
Johnson family members own FMR Corp. voting common stock. These Johnson
family members, through their ownership of voting common stock and the
execution of a family shareholders' voting agreement, form a controlling group
with respect to FMR Corp.
Fidelity International Limited, Pembroke Hall, 42 Crowlane, Hamilton,
Bermuda, and various foreign-based subsidiaries provide investment advisory
and management services to a number of non-U.S. investment companies (the
"International Funds") and certain institutional investors. Fidelity
International Limited is the beneficial owner of 20,700 shares or 0.20% of the
American Depository Receipts outstanding of the Company. Additional
information with respect to the beneficial ownership of Fidelity International
Limited is shown on Exhibit B, page 10.
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to instructions in Item 7 of Schedule 13G, this Exhibit has
been
prepared to identify Fidelity International Limited, Pembroke Hall, 42 Crow
Lane, Hamilton, Bermuda, a Bermudian joint stock company incorporated for an
unlimited duration by private act of the Bermuda Legislature (FIL) and an
investment adviser to various investment companies (the "International Funds")
and certain institutional investors, as a beneficial owner of the 20,700
shares or 0.20% of the American Depository Receipts outstanding of Nokia
Corporation.
Prior to June 30, 1980, FIL was a majority-owned subsidiary of Fidelity
Management & Research Company (Fidelity), a wholly-owned subsidiary of FMR
Corp. On that date, the shares of FIL held by Fidelity were distributed, as a
dividend, to the shareholders of FMR Corp. FIL currently operates as an
entity independent of FMR Corp. and Fidelity. The International Funds and
FIL's other clients, with the exception of Fidelity and an affiliated company
of Fidelity, are non-U.S. entities.
A partnership controlled by Edward C. Johnson 3d and members of his
family owns shares of FIL voting stock with the right to cast approximately
47.22% of the total votes which may be cast by all holders of FIL voting
stock. Mr. Johnson 3d is Chairman of FMR Corp. and FIL. FMR Corp. and FIL
are separate and independent corporate entities. FMR Corp. and FIL are
managed independently and their Boards of Directors are generally composed of
different individuals. Other than when one serves as a subadviser to the
other, their investment decisions are made independently, and their clients
are different organizations.
FMR Corp. and FIL are of the view that they are not acting as a "group"
for purposes of Section 13(d) under the Securities Exchange Act of 1934 (the
"1934" Act) and that they are not otherwise required to attribute to each
other the "beneficial ownership" of securities "beneficially owned" by the
other corporation within the meaning of Rule 13d-3 promulgated under the 1934
Act. Therefore, they are of the view that the shares held by the other
corporation need not be aggregated for purposes of Section 13(d). However, FMR
Corp. is making this filing on a voluntary basis as if all of the shares are
beneficially owned by FMR Corp. and FIL on a joint basis.
FIL may continue to have the International Funds or other accounts
purchase shares subject to a number of factors, including, among others, the
availability of shares for sale at what FIL considers to be reasonable prices
and other investment opportunities that may be available to the International
Funds.
FIL intends to review continuously the equity position of the
International Funds and other accounts in the Company. Depending upon its
future evaluations of the business and prospects of the Company and upon other
developments, including, but not limited to, general economic and business
conditions and money market and stock market conditions, FIL may determine to
cease making additional purchases of shares or to increase or decrease the
equity interest in the Company by acquiring additional shares, or by disposing
of all or a portion of the shares.
FIL does not have a present plan or proposal which relates to or would
result in (i) an extraordinary corporate transaction, such as a merger,
reorganization, liquidation, or sale or transfer of a material amount of
assets involving the Company or any of its subsidiaries, (ii) any change in
the Company's present Board of Directors or management, (iii) any material
changes in the Company's present capitalization or dividend policy or any
other material change in the Company's business or corporate structure, (iv)
any change in the Company's charter or by-laws, or (v) the Company's common
stock becoming eligible for termination of its registration pursuant to
Section 12(g)(4) of the 1934 Act.
FIL has the sole power to vote and the sole power to dispose of 20,700
shares.
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
RULE 13d-1(f)(1) AGREEMENT
The undersigned persons, on July 7, 1995, agree and consent to the joint
filing on their behalf of this Schedule 13G in connection with their
beneficial ownership of the American Depository Receipts of Nokia Corporation
at June 30, 1995.
FMR Corp.
By /s/Arthur S. Loring
Arthur S. Loring
Vice President - Legal
Edward C. Johnson 3d
By /s/Arthur S. Loring
Arthur S. Loring
Under Power of Attorney dated
5/17/89
On File with Schedule 13G for
Airborne Freight Corp. 9/10/91
Fidelity Management & Research Company
By /s/Arthur S. Loring
Arthur S. Loring
Sr. V.P. and General Counsel
Fidelity Contrafund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
Fidelity Magellan Fund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
Fidelity Growth Company Fund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
Fidelity Select Electronics Fund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
Fidelity Trend Fund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
Fidelity VIP Growth Fund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
Fidelity Management Trust Company
By /s/John P. O'Reilly
John P. O'Reilly
Executive Vice President