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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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