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Nokia stock up over 35% and rising following the announcement of a purchase by Microsoft

Nokia stock up over 35% and rising following the announcement of a purchase by Microsoft

The dust is still settling on the huge news that Microsoft has begun proceedings to purchase Nokia's devices and services business for €5.44 billion. Whilst it's still far too early to know how this will affect consumers, developers and other OEMs in the Windows Phone space one thing we can see for sure is how the stock market is reacting. Nokia stock as of 10 AM ET, 09/03/13 Nokia is...

Jay Bennett 120
What to think about Nokia after yesterday’s 16% stock price collapse

What to think about Nokia after yesterday’s 16% stock price collapse

Yesterday, Nokia CEO Stephen Elop took the stage to unveil two important new Lumia phones powered by Microsoft’s new Windows Phone 8 OS.  Despite positive reviews of the hardware, the stock collapsed by 16%.   What does all this mean?  Why did the stock collapse and what does it mean for the future of Nokia and Windows Phone?  Is there a real message here, or is this simply panic and...

Chris Umiastowski 183