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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

02/09/17 at 7:07 AM CST

 

 

READ: 3

RPLY: 1

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Sentiment:

Neutral

Some thoughts on Nokia

Suri is diligently diversifying the company.  He is broadening the product offerings, I specially like the telecom software acquisitions because they further vertically integrate NOK's products offering.  It gives NOK a very strong competitive end-end solution offering.  It also provides revenue streams away from the very cyclical nature of its Wireless Netwoks business.

I truly believe that NOK has a very strong chance to become the top vendor in the Wireless space within the next three to five years.  Huawei would still be a bigger outfit in terms of revenues as their IP Network's side is far bigger than Nokia's IP Networks division.  However, I also believe that this segment will contribute additional growth to NOK.  Nokia has the balance sheet to continue to broaden its product portfolio.

BTW, NOK stock chart is nearly completing a Cup and Handle, it is quite near the buy point, if it can clear that, it could rise to the $5.30-ish area

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