Nokia Corporation (NOK), Microsoft Corporation (MSFT) Joint Presser Sept. 5

Well, there has been a lot of speculation, but maybe this will finally settle it. Nokia Corporation (NYSE:NOK) and Microsoft Corporation (NASDAQ:MSFT) have sent out invitations to members of the media announcing a joint “event” slated for Wednesday, Sept. 5, in New York City. While there is some chatter about the possibility of Microsoft purchasing Nokia, that isn’t likely what this “event” is about. Perhaps a clearer clue comes from this tweet from Chris Weber, Nokia vice president of sales and marketing: “Samsung take note, next generation Lumia coming soon.”

Hmmm. He really needs to be less cryptic.

Yes, it appears that Nokia Corporation (NYSE:NOK) and Microsoft Corporation (NASDAQ:MSFT) could likely be holding the joint presser to unveil not only the Windows Phone 8 operating system, but also a new line of Lumia handsets designed to work with the new OS. This has been discussed for a while, with the expectation that Windows Phone 8 would be released to market sometime in October. What is somewhat noteworthy is that it’s been rumored that Nokia would unveil its new handset line at its Nokia World conference in Helsinki, which is scheduled for the same time as the press conference.

Anyway, the expectation for this event is likely to center around Microsoft Corporation (NASDAQ:MSFT) and its release of Windows Phone 8 – with the secondary announcement that Nokia Corporation (NYSE:NOK) will be the primary handset partner for the new system. One commenter says it’s likely this press conference will be an opportunity for Microsoft to more fully explain the features and reputed agility of the new operating system, which is supposed to be seamlessly configured into the new Windows 8 operating system for tablets and computers. The idea of one operating system conceivably being used by all types of proprietary devices would be an interesting twist for Microsoft Corporation (NASDAQ:MSFT) – one that may ver well solidify some loyalty among its masses.

There are more than few hedge funds that are interested in the success of Microsoft Corporation (NASDAQ:MSFT) – as it is one of the more popular tech stocks among hedge-fund managers. This includes David Einhorn of Greenlight Capital (see his portfolio), while interested parties in Nokia Corporation (NYSE:NOK) include Jim Simons of Renaissance Technologies (see his portfolio).