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Thursday, June 14, 2012 10:39:18 AM
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• MARKET TALK: Sydbank Confident Nokia Can Provide Alternative
Last update: 6/14/2012 10:26:11 AM
1426 GMT [Dow Jones] Despite Nokia's (NOK) 2Q forecast cut, Sydbank says it still has confidence that the company, working with Microsoft (MSFT), can evolve into a real alternative to offerings from Apple (AAPL) and Google (GOOG). "However, [Nokia's] period of transition is still subject to extraordinary uncertainty," the brokerage adds. Says that healthy sales of Lumia, Nokia's Windows phones, during the next few quarters will be pivotal, as the company waits for restructuring efforts to translate into lower costs, and adds that all eyes are on Nokia's cash burn. Shares trade 16.6% lower at EUR1.86. (sven.grundberg@dowjones.com).
RATE: BUY ALOTS @low$2
always JMHO, lowest pps I've ever seen.
GLTUA.
Get REAL! SHARING is CARING.
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