Nokia Corporation (ADR) (NOK) News: Neighbored by Samsung, Ships Last Symbian Handset, EOS Launching & More

Editor’s Note: Related Tickers: Siemens AG (ADR) (NYSE:SI), Intel Corporation (NASDAQ:INTC), Nokia Corporation (ADR) (NYSE:NOK)

Samsung opens new R&D facility in Nokia’s backyard (IT Business Net)
Mobile phone maker Samsung Electronics is set to open a new research and development center in Nokia Corporation (ADR) (NYSE:NOK)’s home town on Thursday, highlighting the Korean company’s ascendancy over its once dominant Finnish rival. Samsung’s newest R&D facility, its first in the Nordic region, is located in Espoo, Finland, where Nokia has its headquarters. Details on staffing and investment plans are due to be unveiled later in the day. The move follows the opening of R&D facilities in Finland by other technology firms including Huawei and Intel Corporation (NASDAQ:INTC), which have sought to take advantage of the country’s high concentration of engineers and software developers – many of whom previously worked at Nokia or its related businesses.

Nokia Corporation (ADR) (NYSE:NOK)Nokia EOS launch expected at “zoom reinvented” event on July 11 (NDTV)
Nokia Corporation (ADR) (NYSE:NOK) has sent out invites for an event on July 11 in New York. From the invite it appears that the company will announces its much awaited camera-focussed smartphone at this event. The invite features a big magnifying glass along with the words “zoom reinvented”. Apart from this, the invites gives no hint of what the company may unveil at this event. The Finnish smartphone giant has been rumoured to be working on a smartphone running on Windows Phone 8 that will pack in a 41-megapixel camera sensor, similar to the Nokia 808 PureView. This smartphone is said to be codenamed EOS. However, Nokia on its part has not confirmed that this smartphone is in the works and if it would indeed have a 41-megapixel camera sensor.

The end of Symbian: Nokia ships last handset with the mobile OS (PCWorld)
This week, Finnish smartphone creator Nokia announced that it had shipped its final handset running the Symbian operating system. As the last company in the world building phones using the Symbian OS, Nokia Corporation (ADR) (NYSE:NOK)’s withdrawal from the platform means Symbian is now completely defunct. Symbian’s fall from dominance is a tale about which books can (and should) be written. Its origins date to the ’80s, but as of 1998, Symbian’s existence was formalized when an old PDA company, Psion, changed its name to Symbian and took funding from the major phone manufacturers at the time, including Ericsson and Motorola, to become the official caretaker of the rising mobile OS.

Oppenheimer Initiates Coverage on Nokia (NOK) (Ticker Report)
Oppenheimer began coverage on shares of Nokia Corporation (ADR) (NYSE:NOK) in a report released on Wednesday, AnalystRatingsNetwork.com reports. The firm issued an overweight rating and a $57.00 price objective on the stock. Shares of Nokia traded up 4.42% during mid-day trading on Wednesday, hitting $3.6862. Nokia Corporation (ADR) (NYSE:NOK) has a 52 week low of $1.63 and a 52 week high of $4.90. The stock’s 50-day moving average is currently $3.. The company’s market cap is $13.684 billion. Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a sell rating on shares of Nokia in a research note to investors on Friday, May 24th.

Siemens Tests Waters for Network Venture Deal (Techzone360)
Siemens AG (ADR) (NYSE:SI), German’s multinational engineering and electronics conglomerate is looking into whether private-equity firms are interested in buying out its telecommunications-equipment joint venture with Nokia Corporation (ADR) (NYSE:NOK). This is according to the Wall Street Journal. The joint venture is between Siemens Communications division and Nokia’s Network Business Group. The formation of the company was publicly announced on June 19, 2006. The German company’s 50 percent share of Nokia Siemens Networks (NSN) could be worth more than $9.36 billion, including debt. According to sources that are familiar with this matter, Nokia Corporation (ADR) (NYSE:NOK) is exploring a possible buyout of its 50/50 German partner. It seems that both parties are looking to make a split.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!