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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (29240)	5/7/2012 12:46:24 PM
From: Lahcim Leinad	Respond to of 34857

Elop will have to consider more radical steps such as selling its low-end phone business, whose revenue slumped by a third last quarter, said Adnaan Ahmad, an analyst at Berenberg Bank in London. Nokia makes about 70 percent of its handset sales outside Europe and North America, where competition from Chinese companies including ZTE Corp. is intensifying. "Why not try to sell its mobile-phone business and hence just remain a smart devices company?" said Ahmad, who has been covering the telecommunications industry for more than a decade and is ranked fourth based on the total return of his Nokia rating over the past year according to Bloomberg data. ... Like Motorola Nokia's low-end handset sales declined to 2.3 billion euros from 3.4 billion euros in the year-earlier quarter, while shipments dropped to 71 million units from 84.3 million a year earlier, the company said yesterday. "They may sell their low end business to a Chinese maker, they may sell some IP assets -- we know there's a market for that, we know Microsoft is interested in that kind of thing," said Horace Dediu, a former Nokia analyst who now runs the Asymco industry-research website. "Then they would essentially become a Motorola, which is a smartphone-only company that ended up getting acquired." Read more: sfgate.com