This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nokia, Verizon Plan Exclusive 4G Device

Two wireless giants -- Nokia (NOK - Get Report) and Verizon (VZ - Get Report) -- have decided to set aside their differences and work together to create a touchscreen device for the upcoming 4G LTE network.

Burned by AT&T (T - Get Report) and Apple's (AAPL - Get Report) exclusive deal with the popular iPhone, Nokia and Verizon are determined to lead the next stage of wireless technology through what probably will be an exclusive partnership, say people familiar with the companies.

The pact would be a huge restart for Nokia in the U.S., where it has seen its market share all but vanish. And for Verizon, the Nokia device would help it trump AT&T's iPhone by giving it a special product designed to take advantage of its new high-speed network and enable services like HD video.

The move would mark a significant departure for Nokia, which has resisted efforts by U.S. telcos to control the features on its phones. The lack of cooperation has caused Nokia, the world's largest smartphone maker, to miss out on the high-end gadget boom here in the U.S.

For Verizon, Nokia represents a capable technology partner that could help fashion a device that delivers a next generation of media and data services. Verizon told a gathering at a recent trade show that it plans to get its LTE network started earlier than originally planned, largely in an effort to get a one- or two-year jump on AT&T's upgrade.

"They want to get back in the leadership role," says Telecom Pragmatics analyst Sam Greenholtz, referring to Nokia and Verizon's newfound common interest. "My guess is that Verizon will insist that this be an exclusive," says Greenholtz.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $117.81 0.00%
NOK $7.20 -0.69%
T $33.57 0.00%
VZ $45.23 0.00%
FB $105.79 0.36%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs