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NOK
Nokia Corporation

5/23/2012, 3:46 PM ET
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NOK Market Currents more »
  • Tuesday 5:09 PM In an interview with FierceMobile, Zynga (ZNGA) mobile VP Travis Boatman says his company is focused on maintaining a "freemium" model for its games, while occasionally charging for ad removal and other features. He also suggests Zynga is open to developing for Windows Phone (MSFT, NOK), but doesn't provide any firm commitments. Separately, Zynga has announced a partnership with American Express that allows cardholders to earn Zynga virtual game cash. [Tech]
  • Monday 12:43 PM Taiwan's MediaTek, long a top baseband chip supplier to Chinese and white-label OEMs, has landed 2G baseband chip orders from Nokia (NOK), Digitimes reports. This could be a negative from Broadcom (BRCM +2.5%) and STMicroelectronics (STM +3.5%), who have grown their baseband chip sales to Nokia as former top supplier Texas Instruments gradually exits the market. [Tech]
  • Friday 1:14 PM As Kantar Comtech reports Windows Phone is creating a foothold in the U.S. and Europe, Microsoft's (MSFT) China chief boasts the OS now claims 7% of the Chinese smartphone market, more than the 6% share he assigns to the iPhone. However, Canalys estimated the iPhone had 19% of the Chinese market in Q1, after Apple (AAPL) reported FQ2 Chinese sales tripled Y/Y. Sepeately, Lumia 900 (NOK) backer AT&T (T) predicts Windows 8 will give a lift to Windows Phone sales. [Tech]
  • Friday 9:42 AM As revenue plunges and share losses mount, worries about Nokia's (NOK) cash burn are growing: the company has gone through $2.7B over the last 5 quarters, a rate that, if continued, would wipe out its $4.9B in remaining reserves in less than 2 years. Moreover, Nokia has €1.25B ($1.59B) in 5.5% bonds due in 2014. Liquidity fears have resulted in Nokia's credit rating being downgraded to junk, and its 5-year CDS spread widening to 749 bp. [Tech]
  • Thursday 7:10 PM Nokia's (NOK) Lumia launches have allowed Windows Phone (MSFT) to claim 6% of the German smartphone market and 3%-4% of the U.S., British, French, and Italian markets, reports Kantar Comtech. Meanwhile, Android's (GOOG) share has surged 72% in Spain, 49% in Italy, and 62% in Germany, though its lead relative to the iPhone (AAPL) has narrowed in the U.S. and U.K. Symbian and the BlackBerry (RIMM) continue to bleed share. [Tech]
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NOK Press Releases and Filings more »
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NOK Instablog posts more »
  • Stockdiagnostic Upgrades And Downgrades Hit 52 Week Highs And Lows
    Tue, May 15 Thomas Renna Comment!
  • Jim Cramer Six In Sixty - 5/14/12
    Mon, May 14 Karin Hernandez Comment!
  • Review Of Trefis Articles Past Two Weeks, Ending 11 May 2012
    Sat, May 12 John Lounsbury Comment!
  • The Nokia Report
    Wed, May 9 llewelyn 13 Comments
  • The Best Yielding Large Cap Technology Stocks
    Sat, May 5 Dividend Sheet Comment!
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Company Description
Currently, there's no company description for NOK.
Sector: Technology
Country: Finland