NOK share spike today of 11%!!

[Lundon44]

Ok.. So I've never seen NOK shares spike up $0.36 (or 10%) in an instant..

I'm not complaining but why??

 

[martinmc78]

Re: Any reason for the giant share spike today for NOK?

Might be pumping it up due to Samsung's upcoming event. Maybe a leak has gone out that they aren't providing another WP8 device leaving nokia as dominant OEM?


Pure speculation of course

 

[Lundon44]

Re: Any reason for the giant share spike today for NOK?

Might be pumping it up due to Samsung's upcoming event. Maybe a leak has gone out that they aren't providing another WP8 device leaving nokia as dominant OEM?


Pure speculation of course

I know they are announcing devices from both the galaxy and ativ line up so I'd be surprised if nothing WP was in there.. EOS has been leaked for a while now so I can't see it being that.. I read today Nokia is testing devices with the Snapdragon 800 but doubt that would push the stock up.

 

[Booston]

Re: Any reason for the giant share spike today for NOK?

Ok.. So I've never seen NOK shares spike up $0.36 (or 10%) in an instant..

I'm not complaining but why??

rumor of a possible buyout from a Chinese company... Hope not.

 

[Lundon44]

Re: Any reason for the giant share spike today for NOK?

Nevermind.. I just found out that Huawei has commented to being "open" to buying Nokia. Not sure if this would be a good thing or not though... The brand of Huawei devices in my opinion have never been appealing.

 

[martinmc78]

Actually I swear I saw this morning something about a company selling its stake in nokia.

 

[sandysan]

Re: Any reason for the giant share spike today for NOK?

Nevermind.. I just found out that Huawei has commented to being "open" to buying Nokia. Not sure if this would be a good thing or not though... The brand of Huawei devices in my opinion have never been appealing.

they also has less than complimentary things to say about wp8 ( specifically the low market share and licencing fees). I've used their comet ( a low end android phone) and their 4G mobile hotspot which has some good aspects and some bad.

 

[Booston]

Actually I swear I saw this morning something about a company selling its stake in nokia.

Siemens is shopping around their portion of their partnership with Nokia

 

[Lundon44]

So would a Huawei buyout result in good or bad news for us shareholders?

 

[rahul4aug]

no no no no!!! this would be very very bad.

 

[anon(5335899)]

If this happens WP is dead

 

[Letros]

I'd cry, not really, but yea, that'd suck. If MS didn't stop the aquisition, they would probably release the Surface Phone.

 

[12Danny123]

likely MS will out bid them

 

[anon(5335899)]

I could see MSFT move here actually. Always expected them to do so and IMO they should.

Huawei would use Nokia tech in CrapDroid phones and kill off the Nokia hardware.

 

[Lundon44]

no no no no!!! this would be very very bad.

I thought so.. Ugh...

 

[gsquared]

Siemens is shopping around their portion of their partnership with Nokia

This is the likely cause. That or short-covering. Not sure, Blackberry is also up with both having very heavy volume. Something is afoot...

 

[Bkr11]

likely MS will out bid them

*This* (I would hope)

 

[EchoRedux]

Nokia's market cap is like 50 times what Huawei's is. How could Huawei ever dream of buying out Nokia at their current position?

 

[raul_junior]

Look what benthepcguy retweeted lol
https://twitter.com/TheClippy/status/347067445804150786

 

[Bkr11]

Pretty sure Huawei is more substantial than you are giving them credit for. One of the largest tech companies in all of China. I didn't spend time trying to find the right quote on Yahoo finance, but Wikipedia is stating $217B CNY of revenue in 2012, which is about $35B USD. More profitable than NOK (they are profitable), so it's not beyond consideration.