It's not clear.
The market seems to be believing that this public musing is the first step to starting a bidding war for Nokia, or at least forcing Microsoft into reacting by buying Nokia. I doubt that Steve Ballmer will be suckered into that though. He'd be effectively bidding against himself for the company.
It's odd the way these Chinese companies --
and now Huawei -- seem to think the best way to buy or merge with a Western company is by negotiating through the media. This certainly seem to be the wisest move to buy a company at the lowest price.
However, today is another reminder that the smartphone market is still a big, important and growing market. As much as the media like to conclude that it's a two-horse race between
, there are many other players like Huawei, Lenovo, and others (think
) that still are likely to be very interested in the space.
That's good for
At the time of publication the author was long BBRY and AAPL.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.