For Immediate Release
Chicago, IL – October 2, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Nokia Corp. ( NOK- Free Report), Microsoft Corp. ( MSFT- Free Report), Verizon Communications Inc. ( VZ- Free Report), AT&T Inc. ( T- Free Report) and T-Mobile US Inc. ( TMUS- Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Tuesday’s Analyst Blog:
Nokia Tablet Gets FCC Approval
Beleaguered mobile device manufacturer Nokia Corp. ( NOK- Free Report) is expected to unveil its first tablet on Oct 22, 2013 at an event in Abu Dhabi. Recently, the U.S. Federal Communications Commission (:FCC) has approved Nokia’s tablet, which will run on Windows operating system developed by Microsoft Corp. ( MSFT- Free Report).
The device will provide 4G LTE network support for bands 2, 4, 5, 13, and 17 together with HSPA+ and GSM/EDGE networks. This tablet will be operational for three major wireless operators in the U.S.: Verizon Communications Inc. ( VZ- Free Report), AT&T Inc. ( T- Free Report) and T-Mobile US Inc. ( TMUS- Free Report).
Nokia has decided to launch 6 new handsets on Oct 22. One major device will be Lumia 1520 phablet (tablet with phone facility). This device will feature 2GB of RAM, 32GB of built-in storage facility, a nano SIM, a microSD card slot, a 20-megapixel rear camera and a 6-inch full-HD display.
Nokia has entered into an agreement to sell its Mobile Devices and Services segment to Microsoft for approximately $7.2 billion. The deal expected to be closed by the first quarter of 2014. Nokia has provided a grim outlook for the third quarter of 2013 and has declared that its Devices & Services operating margin to be approximately negative 2%, plus or minus 4%.
In 2012, the company lost its market leadership position to Samsung in the global mobile phone market. The Oct 22 event will be the last important show for Nokia regarding its mobile devices before this division gets divested to Microsoft. Nokia currently has a Zacks Rank #3 (Hold).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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For Immediate Release