Nokia Corporation (ADR) (NOK), Research In Motion Ltd (BBRY): An Underdog With Plenty of Space to Run

CHINA

Nokia Corporation (ADR) (NYSE:NOK) has made great headway in China recently by cutting a deal with the largest cellular carrier in China, China Mobile. Better yet, China Mobile chose to carry Nokia’s Lumia 920 as over the Apple Inc. (NASDAQ:AAPL) iPhone 5. This shows that Nokia is gaining ground on Apple in its battle to improve market share in Asia and other emerging markets. Apple desperately needs to tap into the Chinese cellular market, and for this reason it needs to strike a deal with China Mobile, the biggest telecom carrier in the world.

It also shows that the cell phone industry is opening up, as other firms are developing market share in the field that was previously dominated by Apple, Google Inc. (NASDAQ:GOOG) & Samsung. I see this trend expanding as many other tech companies begin to develop competitive products with affordable prices. This trend bodes well for Nokia.

In conclusion, I see many trends forming which put Nokia in an excellent place to rebuild. There is way more value in Nokia then its market price implies. While no one can accurately say when Nokia will bottom out, it is tough to imagine the companies stock price to get much cheaper. In the last couple of days I have heard some good news from Nokia Corporation (ADR) (NYSE:NOK). They sold 125 patents in a multi-billion dollar deal which should bode well for their Q1 earnings, also, a couple of European banks have upgraded Nokia to buy ratings. Perhaps this momentum will continue as the we near Nokia`s earnings release!

The article An Underdog With Plenty of Space to Run originally appeared on Fool.com and is written by David Bernstein.

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