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Nokia Stalks Apple, Shares Rise
LorisKnight
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8-31-2007 6:35 AM
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technology
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/adb25497-3ce3-43fb-b924-fc1df8679459/ECDC30AC-4349-40E7-986D-769C078D835D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.forbes.com/2007/08/30/nokia-ovi-apple-markets-equity-cx_ll_0830markets38.html?feed=rss_popstories" href="http://www.forbes.com/2007/08/30/nokia-ovi-apple-markets-equity-cx_ll_0830markets38.html?feed=rss_popstories" style="font-size: 11px;">www.forbes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/2007/08/30/nokia-ovi-apple-markets-equity-cx_ll_0830markets38.html?feed=rss_popstories"><DIV>Finnish mobile communications company <STRONG>Nokia</STRONG> got the thumbs up from analysts and investors on Thursday following the launch of its internet portal Ovi, which includes a music store that hopes to take a bite out of <STRONG>Apple</STRONG>'s iTunes. But the high growth strategy could also lead to high risk as different competitors move onto the horizon. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/2007/08/30/nokia-ovi-apple-markets-equity-cx_ll_0830markets38.html?feed=rss_popstories"><DIV> Shares in <B>Nokia</B> (nyse: <A class="maintkrlink" href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=NOK">NOK</A> - <A href="http://www.forbes.com/markets/company_news.jhtml?ticker=NOK"> news </A> - <A href="http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=NOK"> people </A>) rose 3.0% on Thursday, up 69 eurocents (94 cents) to 24.00 euros ($32.73) in Helsinki. The stock has risen over 41% in the past six months alone, and investors looked ready to embrace the company's latest attempt to diversify from regular handset technology. (See <A href="http://www.forbes.com/home_europe/markets/2007/08/28/nokia-music-software-markets-equity-cx_po_0829markets16.html">"Nokia's Online Play"</A>) </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/ECDC30AC-4349-40E7-986D-769C078D835D/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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