Nokia shares jump over 10 percent on Motorola acquisition news, investors expect a move from Microso

Discussion in 'DELETED POSTS' started by EFCC, Aug 19, 2011.

Users Viewing Thread (Users: 0, Guests: 0)

    • Super Moderator
    • GL Senior Member
    • GL Legend
    • Guru Member

    EFCC Special Agent
    1. Free and Cheap Browsing Mastermind Group

    Member Since:
    Sep 30, 2010
    Message Count:
    6,580
    Likes Received:
    20
    [IMG]
    HELSINKI | Mon Aug 15, 2011 11:02am EDT

    (Reuters) - Nokia Oyj shares jumped
    over 10 percent on Monday as Google
    Inc's offer for Motorola Mobility
    Holdings rekindled speculation of a bid
    for the Finnish mobile phone company.
    • Super Moderator
    • GL Senior Member
    • GL Legend
    • Guru Member

    EFCC Special Agent
    1. Free and Cheap Browsing Mastermind Group

    Member Since:
    Sep 30, 2010
    Message Count:
    6,580
    Likes Received:
    20
    Re: Nokia shares jump over 10 percent on Motorola acquisition news, investors expect a move from Mic

    Nokia's shares have fallen around 45 percent
    since the start of the year, prompting some
    speculation the stock could be getting cheap
    enough to tempt a bidder. The company, once the
    leader in smartphones, has been losing market
    share in both high-end devices and cheaper phones. Google said it was paying around $12.5 billion in
    cash, or $40 per share, a 63 percent premium to
    Motorola Mobility's closing price on Friday.
    • Super Moderator
    • GL Senior Member
    • GL Legend
    • Guru Member

    EFCC Special Agent
    1. Free and Cheap Browsing Mastermind Group

    Member Since:
    Sep 30, 2010
    Message Count:
    6,580
    Likes Received:
    20
    Re: Nokia shares jump over 10 percent on Motorola acquisition news, investors expect a move from Mic

    "This price should ring bells on how low Nokia
    shares currently are. And if you think of patents,
    now Nokia is the one with a really strong patent
    portfolio," said Swedbank analyst Jari Honko. "I'd
    expect this will boost the speculation whether
    Nokia would be a takeover target too." One Swiss-based trader said the Google deal gave Nokia shares a "huge sentiment boost." Nokia shares were up 10.5 percent at 4.14 euros
    by 1410 GMT, having risen as high as 4.28 euros.
    • Super Moderator
    • GL Senior Member
    • GL Legend
    • Guru Member

    EFCC Special Agent
    1. Free and Cheap Browsing Mastermind Group

    Member Since:
    Sep 30, 2010
    Message Count:
    6,580
    Likes Received:
    20
    Re: Nokia shares jump over 10 percent on Motorola acquisition news, investors expect a move from Mic

    Nokia's market capitalization as of last Friday was
    14 billion dollars. Applying the premium being
    offered Motorola Mobility, without any
    consideration for debt, would value Nokia at over
    23 billion euros ($32 billion). Both Microsoft Corp, which is partnering with
    Nokia for its new phones, and Samsung
    Electronics, have been mentioned as possible
    buyers.
    • Super Moderator
    • GL Senior Member
    • GL Legend
    • Guru Member

    EFCC Special Agent
    1. Free and Cheap Browsing Mastermind Group

    Member Since:
    Sep 30, 2010
    Message Count:
    6,580
    Likes Received:
    20
    Re: Nokia shares jump over 10 percent on Motorola acquisition news, investors expect a move from Mic

    Nokia did not comment on the buyout rumors,
    but said a deal between Google and Motorola
    could help its own partnership with Microsoft.
    Nokia decided earlier this year to go with
    Windows instead of its own MeeGo software,
    which is being phased out. "This could prove to be a massive catalyst for the
    Windows Phone ecosystem," Nokia spokesman
    James Etheridge said in an e-mail. He also said
    that both Nokia and Microsoft were cooperating
    with their respective intellectual property
    portfolios.
    • Super Moderator
    • GL Senior Member
    • GL Legend
    • Guru Member

    EFCC Special Agent
    1. Free and Cheap Browsing Mastermind Group

    Member Since:
    Sep 30, 2010
    Message Count:
    6,580
    Likes Received:
    20
    Re: Nokia shares jump over 10 percent on Motorola acquisition news, investors expect a move from Mic

    Nokia is pinning its turnaround hopes on the new
    Windows-based phones due later this year,
    although some analysts have said it may be
    losing so much market share in the meantime
    that it may never be able to recover. J.P. Morgan analyst Rod Hall said in a note to
    clients that Nokia as well as BlackBerry maker
    Research in Motion could benefit from potential
    confusion and competition among phone makers
    using Google's Android software.
    • Super Moderator
    • GL Senior Member
    • GL Legend
    • Guru Member

    EFCC Special Agent
    1. Free and Cheap Browsing Mastermind Group

    Member Since:
    Sep 30, 2010
    Message Count:
    6,580
    Likes Received:
    20
    Re: Nokia shares jump over 10 percent on Motorola acquisition news, investors expect a move from Mic

    "In our opinion, this favors both RIMM and Nokia.
    We also would now expect Nokia takeover
    speculation to increase," he said, noting Nokia's
    large number of patents.

    Culled from Reuter


Share This Page