While the U.S. market is focused on Blackberry – Nokia is higher

By
A A A

While the U.S. markets seem focused on Blackberry Deal or lack of a deal the game saving play and stock speculation has been in Nokia Corporation ( NOK , quote ) in the sale of their handset business.

Image courtesy Nokia

Stock has been a rocket since and today they announced what people want Blackberry ( BBRY , quote ) to do:

Sell their patents and monetize the intellectual value in the business, not the hardware.

Selling the handset business to Microsoft ( MSFT , quote ) was brilliant (albeit way too late) but allows them to concentrate on a path forward that is not buckling under the weight of R&D costs for cutting edge hardware they lost that battle 5 years ago.

Nokia used to be "my girl" (reference to my commentary on Nokia as the former leader in emerging market handset sales).  I have been adding to a small legacy position I bought in 2010 with an average price of $8.10....STAYING LONG and like dating my "old girl".



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

Referenced Stocks:

Emerging Money

Emerging Money

More from Emerging Money:

Related Videos

Stocks

Referenced

Most Active by Volume

65,878,391
  • $102.25 ▲ 0.12%
60,267,006
  • $16.01 ▼ 1.17%
45,656,511
  • $13.11 ▼ 4.17%
34,766,553
  • $49.43 ▲ 2.85%
34,661,727
  • $3.60 ▲ 0.28%
29,041,259
  • $19.12 ▼ 0.47%
21,343,464
  • $73.855 ▼ 1.04%
19,552,720
  • $10.85 ▼ 3.13%
As of 8/28/2014, 04:03 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com