Editor’s Note: Related tickers: Nokia Corporation (ADR) (NYSE:NOK), Microsoft Corporation (NASDAQ:MSFT), Daimler AG (PINK:DDAIF)
Nokia, Mercedes-Benz in smart map deal (LasvegasSun)
Nokia Corporation (ADR) (NYSE:NOK) says it will cooperate with Daimler AG (PINK:DDAIF)‘s Mercedes-Benz car division to create and develop digital smart maps. Finland-based Nokia says its mapping and location services unit, HERE, and Mercedes will initially provide 3D maps for the Mannheim to Pforzheim route in Germany for cars connected to a computing cloud. Nokia said Tuesday at the Frankfurt Auto Show that connecting cars to a cloud is “one of the biggest opportunities for the automotive industry today.”
Nokia upgraded to outperform at RBC (FinancialPost)
Nokia Corporation (ADR) (NYSE:NOK) was upgraded by RBC Capital Markets analyst Mark Sue, who has a more positive view of the company after the sale of its phone business to Microsoft Corporation (NASDAQ:MSFT) Mr. Sue also cited an attractive risk-reward scenario and an increasingly favourable view of the wireless infrastructure market following a multi-year lull in raising his rating on the stock to outperform from sector perform and his price target to US$7 from US$5.
Report: Nokia Eyeing Sept.26 Launch Date For Its 6-Inch Lumia 1520 (Hngn)
While the leading smartphone makers have ruled the market with big screen phablets, Nokia Corporation (ADR) (NYSE:NOK) has chosen to tread the smaller path till now. Several leaked reports suggested that the Finnish maker is also planning to join the phablet race soon, but there has been no official confirmation on the news. The leaked images and unnamed sources confirm that the Finnish giant has been working on its own 6-inch Windows Phone smartphone. It may all just be rumors but we’d love to see a bigger screen from Nokia.
Nokia boss on exiting the smartphone market and what’s next (PCR-Online)
Nokia Corporation (ADR) (NYSE:NOK) chairman and interim CEO Risto Siilasma has outlined his vision for the company’s future, following the sale of Nokia’s mobile phone business to Microsoft Corporation (NASDAQ:MSFT). The agreement will see 32,000 of Nokia’s 88,000 employees and less than half of its trailing 12-month revenues move to Microsoft. “This is truly a transformational change for Nokia,” said Siilasma on the Nokia Blog. “Nokia will look very different without the mobile devices and services business. But it will be a strong company, with healthy finances and three strong businesses – NSN, HERE, and Advanced Technologies – each a leader in technology and innovation.
How Microsoft-Nokia deal will enhance user experience (CNBC)
Recommended Reading:
Microsoft Corporation (MSFT)’s Expectations From Acquiring Nokia Corporation (ADR) (NOK)
What to Expect from Nokia Corporation (ADR) (NOK) in the Future: Strategy Analytics
The Hidden Risk in Microsoft Corporation (MSFT)’s Nokia Corporation (ADR) (NOK) Purchase
