T = Trends for a Stock’s Movement
Nokia operates as a mobile communications company worldwide. It designs and develops mobile products and services; provides digital map information and related location-based content and services for mobile navigation devices, automotive navigation systems and Internet-based mapping applications; and provides mobile- and fixed-network infrastructure, communications, and networks service platforms, as well as professional services and business solutions to operators and service providers. Nokia operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks.
Nokia shareholders are expected to approve the $4.7 billion acquisition of the company’s smartphone unit by Microsoft Corp. (NASDAQ:MSFT) at a shareholder meeting today. Reuters reports that some shareholders are upset over the sale of a part of Nokia that’s a Finnish icon, but the financial benefits Nokia will get from Microsoft will likely outweigh that concern. The deal is expected to close in the first quarter of 2014.