Why Value Investors Are Missing an Opportunity With Nokia
The Manual of Ideas submits:Nokia (NOK) is the world’s market-leading maker of mobile devices, with close to 1.3 billion people worldwide using a Nokia handset. The company has seen margins squeezed due to low-cost competition and the lack of a high-end device to challenge Apple’s (AAPL) iPhone and RIM’s (RIMM) Blackberry. Nokia’s just-released N8 smartphone, which runs on the new Symbian 3 operating system, has received mixed analyst reviews and has suffered some pre-launch glitches. Nonetheless, pre-orders for the N8 have been the highest in Nokia’s history. There seems to be a reasonable probability of the phone outperforming low analyst expectations.Complete Story »
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