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

Technology Rumor of the Day: Nokia

Nokia's (NOK - Get Report) going nutty for netbooks.

Nokia, the No. 1 mobile phone maker, has sealed its plans to enter the netbook race, according to people familiar with the company.

Some if not all of the production of the new mini-PCs will be handled by one of Nokia's original device manufacturing partners, Taiwan's Foxconn, these people say.

The news comes as Foxconn closes in on a deal to lease the former Nokia manufacturing facility in Fort Worth, Texas, according to a report in the Star-Telegram. Foxconn is one of the world's leading notebook contract manufacturers.

Nokia hinted in February that it was at the crossroads of mobile phones and PCs and that it was "looking very actively" at making netbooks.

Skeptics figured the move would get Nokia tangled in an expensive race to the bottom against lower-cost manufacturers like Asus and Acer. But netbooks seem to be an irresistible opportunity for PC makers. Hewlett-Packard (HPQ - Get Report), Dell (DELL) and even Apple (AAPL - Get Report) are expected to fashion devices for the bargain-hungry netbook crowd.

Nokia's partnership with Foxconn would help shield the Finnish phone shop from some of the high costs of developing and making an entirely new product. Foxconn could also begin production more quickly than if Nokia took on the challenge alone.

Nokia originally struck a deal with Foxconn a few years ago when it needed a manufacturer to build phones for Verizon (VZ - Get Report). This is a particularly juicy aspect to the speculation since Foxconn licenses wireless technology from Qualcomm (QCOM - Get Report).
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
DELL $0.00 0.00%
AAPL $112.12 2.39%
HPQ $29.30 0.41%
NOK $6.98 -0.85%
QCOM $57.78 0.21%


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs