This Day On The Street
Continue to site
ADVERTISEMENT
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

Tech Rumor Confirmed: Nokia Touchscreens

Nokia (NOK - Get Report) has outlined its plans to bring new touchscreen and Qwerty keyboard smartphones to the market later this year.

On an earnings conference call Thursday with analysts, Nokia chief Olli-Pekka Kallasvuo said touchscreens and Qwerty devices were important and that the company will "renew our portfolio meaningfully."

Toward the end of this year, Kallasvuo said, Nokia will introduce mid-range and higher-priced phones to "cover more Qwerty and touch, and the combination of the two."

The news confirms what TheStreet.com first reported last week, that Nokia was planning three specific touchscreen devices that include Qwerty keypads this year.

The move is significant for Nokia, which has been lagging an industry enamored with touchscreens. In the fourth quarter, Nokia lost 17% of its smartphone marketshare last year for its tardy touchscreen performance. Rivals like Research In Motion (RIMM) and Apple (AAPL - Get Report) surged ahead in the hot smartphone segment at Nokia's expense.

One of the first of the new Nokia smartphones will be a device that features so-called haptic or vibration technology from Immersion (IMMR - Get Report) that is due out this summer.

Nokia is also working on project Nautilus, which apparently emphasizes a very slim touchscreen design. Sources familiar with the plans say the phone uses a sensor to extend and withdraw the keyboard into the phone. The keypad is said to be ultrathin, but when it slides out the Qwerty keys rise for easier typing. The first Nautilus phone isn't due for another year.

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $125.34 0.65%
IMMR $12.58 0.40%
NOK $6.75 -2.30%
FB $85.86 0.07%
GOOG $522.99 0.28%

Markets

DOW 17,611.97 +15.62 0.09%
S&P 500 2,058.77 +1.13 0.05%
NASDAQ 4,972.88 +14.4120 0.29%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs