They may have been bullish for some time, however, my own due diligence since the merger was announced led me to almost the same conclusions as they have come up with.  The one additional nugget of info/analysis they bring up is that the cost reduction synergies could be as much as twice what Nokia has stated.  This research note is also based on new information (the merger), so I would expect them to update their thoghts on Nokia's prospects again to reflect this merger potential.

I feel quite confident that this investment will pay off handsomely.