Nokia (NOK) fans say the mobile phone giant has awoken from its deep sleep.Signs that the Finnish wireless shop has been roused came early Thursday, when the company released its fourth-quarter results. Unlike rival Motorola's ( MOT) disappointing report last week, Nokia
"I think they already did 'turn up the heat,'" says Sanford Bernstein analyst Paul Sagawa. "I believe they cut prices at entry level in the third quarter, forcing Motorola's hand. Expect Nokia to get aggressive on mid-range as the new products roll," says Sagawa who has a buy rating on the stock. Nokia started selling its 6300 phone last week, the first ultrathin-design response to a trend the company has been unresponsive to for the past two years. In the coming weeks, Nokia expects to start selling the N95, a big-screen, music-player phone with a 5-megapixel camera. The company and the industry have high hopes that the N95 will be a suitable foe to the
highly anticipated iPhone from Apple ( AAPL). With Motorola on the downswing of the product cycle and Nokia on the other side, analysts say business is finally looking up for Nokia. "This looks to be a good year for Nokia in phones," says Charter Equity Research analyst Ed Snyder, in a note Tuesday. Nokia shares rose $1.03 to $21.24.