Editor’s Note: Related tickers: Nokia Corporation (ADR) (NYSE:NOK), Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL)
For Nokia CEO, More Tough Calls Lie Ahead (WSJ)
Now that his attempt to sell Nokia Corporation (ADR) (NYSE:NOK) +5.12% struggling mobile-phone business to a close ally has hit a dead end, Chief Executive Stephen Elop has little time to waste if he hopes to persuade investors that the company’s core business can be revived. Mr. Elop has spent most of his nearly three-year tenure as Nokia Corporation (ADR) (NYSE:NOK)’s CEO scrambling to fix a company that was already listing in a sea of troubles when he joined it. One of his latest initiatives—holding talks with Microsoft Corporation (NASDAQ:MSFT) -0.85% to discuss the U.S. software giant’s buying Nokia Corporation (ADR) (NYSE:NOK)’s phone business—fizzled. The talks broke off because of price worries and Nokia’s weak market share, said people familiar with the situation.
Believe it or not, not every stock has been crushed in the marketwide drubbing that started yesterday and has extended through today. Some have managed to rally in the face of the headwind. That alone isn’t a reason to step into a particular stock, but on the other hand, it sure doesn’t hurt. Enter Nokia Corporation (ADR) (NYSE:NOK)… one of today’s rare winners, yet a winner that’s on the way up for all the right [read ‘sustainable’] reasons. First and foremost, Nokia Corporation (ADR) (NYSE:NOK) isn’t being acquired. It’s an idea that’s surfaced before – naming a couple of different suitors – but none of the prior rumors panned out. This one won’t either. That doesn’t mean NOK isn’t worth taking a swing on though.
Epic Nokia commercial makes fun of iPhone flash zombies (WinSource)
Nokia Corporation (ADR) (NYSE:NOK) loves to show off their camera supremacy, especially against the top phones of the day. In their latest ad Nokia has some fun with iPhone users and the way they take photos at night. In order to take good photos at night the iPhone needs to use flash. In the ad this results in white faced, red eyed, and stunned zombies, which is what people look like in photos taken with flash. The Lumia 925 is the star of this ad. Nokia Corporation (ADR) (NYSE:NOK) claims “the best pictures in any light. Even without the flash.” We are really loving this ad. It has an epic feel to it that will surely catch people’s attention and have them wondering “what is this commercial for?”
Workers on strike at Nokia Siemens Networks’ Chennai plant (FirstPost)
A section of employees of telecom equipment maker Nokia Corporation (ADR) (NYSE:NOK) Siemens Networks are on strike at its Chennai plant pressing for various demands, including increase in wages. The employees backed by the CITU (Centre of Indian Trade Unions) have been on strike since June 7 demanding union recognition, reinstatement of some suspended workers and wage hike, CITU office-bearers said. While the CITU claimed that about 120 employees were on strike, the company maintained only 60 stayed away from the work. A company spokesperson said, “We are working with employee representatives to resolve the issue.”
Is Nokia under-valued? (BusinessTech)
Investors alert to M&A speculation around Nokia Corporation (ADR) (NYSE:NOK) are taking a fresh look at whether the struggling mobile handset maker’s share price undervalues its assets and increasing signs of financial stability. Reports of interest from Huawei and Microsoft Corporation (NASDAQ:MSFT) show Nokia is still vulnerable but several analysts said they were more optimistic since plunging sales and alarming cash burn raised fears of default several months ago. They said there was no contradiction between a resurfacing of M&A talk and some signs that Nokia Corporation (ADR) (NYSE:NOK) might recover from a mauling by rivals Samsung and Apple Inc. (NASDAQ:AAPL) in the key smartphone segment in recent years.
