| Contact Us | About UsAdvertisement | 
Weather Forecast


Rumours act as a boon for Nokia
Thursday, 05 January 2012
A report on the Swedish business daily hold that rumours are out that Microsoft wants to take over Nokia. Thursday it was reported that mobile manufacturer Nokia's Smartphone business is about to be taken over by Microsoft.

At the close of trading, Nokia shares were up about 5.6 percent. Mobile manufacturer Nokia's share price took a really big jump on Thursday. By the time the Stockholm Stock Exchange closed Nokia was 5.63 percent up.

Nokia traded up in the morning after a positive analysis from Credit Suisse. Analyst recommendation was increased from Outperform from earlier in the performances and the target price was raised to €6.

On Thursday also Finnish newspaper, Helsingin Sanomat reported that Risto Siilasmaa will likely succeed Jorma Ollola as Chairman. Risto Siilasmaa is the founder and former CEO of IT security company F-Secure.


But Thursday's rumours relating to the mobile manufacturer Nokia did not end there. According to various sources the upswings in Nokia’s momentum just before the stock market closed could be related the underlying reason which accordingly is tied to the speculation about a sale of the Smartphone device to Microsoft.

"Steve Balmer, Andy Lees, Stephen Elop and Kai Ostamo will meet in Las Vegas to finalize the agreement on Nokia Smartphone device. Bye Nokia, "writes technology blogger Eldar Murtazin in a twitter post according to Swedish business daily Dagens Industri .

The deal is said to be complete in the second half of 2012. Eldar Murtazin, according to the paper also submit that CEO Stephen Elop is about to leave the company.

The reports also hold that Nokia has previously denied any plans to sell off operations that produce smart phones.
By Scancomark.se Team

| Print Friendly and PDF| Write to the editor | Complaint about this article | Make a Comment |

What do you think about the above article? Please leave us a comment and reaction. Thank you.
  • Should be Empty: