AT&T and Nokia to Launch New Smartphone at $99.99

AT&T’s (NYSE:T2012 roadmap indicates the telecommunications giant and Nokia (NYSE:NOK) will spend big bucks to promote the mid-March rollout of their new Nokia Lumia 900 smartphone, said a report from BGR Media, citing a trusted source.

The companies plan to price the Lumia 900 — Nokia’s first Windows Phone for AT&T — at only $99.99 with a two-year contract, according to the report, which could make it a very hot item. The launch is set for March 18.

The Lumia 900 features the same sleek design as the Lumia 800, launched last year, but is compatible with AT&T’s new 4G LTE network and has a larger 4.3-inch ClearBlack AMOLED display, said BGR.

Here’s how these stocks closed the day:

AT&T, Inc. (NYSE:T): T shares recently traded at $30.21, up $0.12, or 0.4%. They have traded in a 52-week range of $27.20 to $31.94. Volume today was 28,057,709 shares versus a 3-month average volume of 25,349,100 shares. The company’s trailing P/E is 15.33, while trailing earnings are $1.97 per share.

Nokia Corporation (NYSE:NOK): NOK shares recently traded at $5.27,. They have traded in a 52-week range of $4.46 to $11.75. Volume today was 45,205,380 shares versus a 3-month average volume of 30,209,600 shares. The company’s trailing P/E is 22.52, while trailing earnings are $0.23 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com