Where Will Nokia Go Next?
T = Trends for a Stock’s Movement
Nokia operates as a mobile communications company worldwide. It designs and develops mobile products and services; provides digital map information and related location-based content and services for mobile navigation devices, automotive navigation systems, and Internet-based mapping applications; and provides mobile- and fixed-network infrastructure, communications, and networks service platforms, as well as professional services and business solutions to operators and service providers. Nokia operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks.
Finland’s Nokia said it is considering its options after the Supreme Court on Friday rejected its appeal against a demand for a multimillion-dollar payment before it transfers a mobile phone plant and other assets in the country to Microsoft Corp (NASDAQ:MSFT). The Supreme Court upheld a lower court verdict that ordered Nokia to pay a 35 billion rupee guarantee after local authorities blocked the factory’s transfer in a dispute over tax.