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Nokia Corporation Message Board

  • concordkitchens concordkitchens Feb 15, 2013 6:26 AM Flag

    NOK good news

    1. Finally, some good news for Nokia
    One final thought: JP's prediction of a squeeze on average selling prices for smartphones may be bad news for component makers like TriQuint and OmniVision, and even for Qualcomm and Skyworks. It could be good news, however, for Nokia (NYSE: NOK ) , whose Lumia is starting to grab a toehold in the market, and whose prices are looking very competitive indeed, both here in the U.S. and in Asia as well. Nokia just finished reporting its first quarterly profit since Q1 of 2011, and its best free cash flow quarter since Q4 of that year -- $550 million.

    If manufacturers' scramble to bolster sales growth at the cost of profit margins turns the sale of smartphones turns into a race to the bottom on prices, well, Nokia's already halfway there already. And it's making a profit regardless.
    2. CS just upgrade NOK to outperformance

    Sentiment: Strong Buy

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