Nokia’s Elop Is Frontrunner in Microsoft CEO Stakes and 2 Other Hot Stocks to Watch
Nokia Corp. (NYSE:NOK): Current price $5.47
Some analysts are putting Nokia CEO Stephen Elop forward as their top candidate to run Microsoft, which on Monday announced a $7.2 billion buyout of Nokia’s devices arm. This came 10 days after Microsoft CEO Steve Ballmer’s own revelation that he will retire within the next 12 months. Analyst Michael Turits at Raymond James said to Bloomberg that “Elop’s been viewed as a front-runner” even before the acquisition.