Nokia (NYSE:NOK) announced that it is cutting 3,500 jobs, and closing a promozione mobile-phone factory in Romania. The plan is to gradually shift their focus to customer and market-specific software and sales package customization.
Nokia (NYSE:NOK) and Siemens (NYSE:SI) announced that they are each providing capital of $1.4 billion to Nokia Siemens Networks to further strengthen the company's financial position and set the stage for strategic flexibility, productivity and chris pratt innovation in areas such as Mobile Broadband and related services.
Shares of taux directeur Nokia are trading up 2.15% to $5.67 in the pre-market session, while Siemens is up 3.5% to $94.73
Nokia (NYSE:NOK) has a potential upside of 28.1% based on a current price of $5.55 and an average consensus analyst price target of $7.11.
