Nokia Corp (ADR) (NYSE:NOK)
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Nokia aims to be the world leader in mobility, manufacturing cell phones and offering mobile Internet services.
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Nokia aims to be the world leader in mobility, manufacturing cell phones and offering mobile Internet services.
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Well, with a .58 book value and Microsoft aggresively wanting to get into the mobile space, it seems like Nokia has a lifeline. Even though they are dealing with an extremely competitive space, they still have a chance. Now, I'm not saying they WILL stage a comeback, but with Microsoft at their back, they have a chance to. When Microsoft starts to release more information about Windows 8, Nokia should see a slight boost in its stock price. Trading at far less than book value is the safety net for investors. Lets see what happens.