There are reports that Nokia Siemens Networks (NSN) might consider an IPO to provide an exit for its somewhat-in-disagreement partners as an alternative to a restoration of their pact or a complicated private equity deal. We’re not sure how this would fare given NSN’s market position. t’s not that the company isn’t large, but that it seems stuck in neutral at best with respect to growth and market share. We think NSN could be a powerhouse based on its objective assets, but like many of the Euro-giant firms it seems to have a problem with positioning itself in the new telecom market. It’s not an easy place to be these days for sure.