Nokia shares continues to do well as Google android moves means better future for Nokia


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Tuesday, 16 August 2011
The stock market scramble for Nokia continued on the Helsinki Stock Exchange when trading began this morning. Last night the share price rose by over 17 percent on the NYSE.

On the Helsinki Stock Exchange Nokia shares rose with just over nine per cent yesterday and the rise continued when trading began this morning.
The stocks began rising sharply on Monday afternoon after news of Google's purchase of Motorola's mobile operations was published.


In the market, it is speculated that among other things, Nokia may be the next mobile company to be bought because the shares have become so cheap. Until yesterday, Nokia's price has halved since the beginning of the year.

In related development, Investment bank JP Morgan, believe that Nokia's patent portfolio is worth EUR 5.4 billion according to reports on Bloomberg. Insider speculators believe that Nokia assessment should not be based solely on share ownership.
By Team

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