LinkedIn, Nokia: Tech Winners

(Updates from 3:57 p.m. ET with closing information.)

NEW YORK( TheStreet) Nokia ( NOK) shares gained 2.55% to $3.62 on news its telecommunications joint-venture could be worth more than $9 billion.

An article in The Wall Street Journal speculates the company's telecommunications-equipment joint venture with Siemens may be up for sale. The German conglomerate has approached private equity firms, including TPG, Blackstone Group, and KKR about a possible buyout of its part of telecommunications-equipment joint venture with Nokia.

LinkedIn ( LNKD) shares rose 3.62% to $178.25 after Credit Suisse initiated coverage on the stock.

Analysts at Credit Suisse gave LinkedIn an "outperform" rating with a $220 price target. The research firm cited the "all-you-can-eat subscription model", a expanding addressable market, and a profitable ad platform as potential catalysts for future success.

"As we view LinkedIn over the longer term as a search marketing platform that will leverage its unique data set to place the right ad in front of the right user at the right time, it can potentially price on a per-lead transactional basis," analyst Stephen Ju wrote in the note.

Closing prices: NOK closed at $3.62, up 2.5%, while LNKD finished up 3.6% at $178.24.

-- Written by David Webster in New York

>Contact by Email.

If you liked this article you might like

Cramer: Cloud Adoption Will Be a Growth Story for Years to Come

Cramer: Cloud Adoption Will Be a Growth Story for Years to Come

Quiz: London's Secret Social Media HQs

Quiz: London's Secret Social Media HQs

Tesla Taps Former Microsoft Video Game Engineer to Lead User Interface Operation

Tesla Taps Former Microsoft Video Game Engineer to Lead User Interface Operation

How to Avoid Making One of the Most Lethal Investing Mistakes Around

How to Avoid Making One of the Most Lethal Investing Mistakes Around

Burger King Wants Unemployed People to Go on LinkedIn and Embarrass Themselves