Business Section: Investing Ideas
Entering the low-priced phone segment will be low-risk for Microsoft, since it is in partnership with a phone maker great at making inexpensive phones. Microsoft recently traded with a P/E of around 15.
Nokia will not be harmed, either. Asha is a separate line that diversifies Nokia’s reliance from Microsoft. Over time, Nokia could continue to focus on the mid- to high-end Lumia devices. These models offer a richer gross margin. Nokia’s market capitalization was recently around $15.6 billion, nearly double the level from December.
Qualcomm is a winner from Microsoft’s partnership. This is why Qualcomm shares are near a 52-week high, trading recently above $66.Written by KAPITALL Contributor Chris Lau
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV