Nokia Corporation (ADR) (NYSE:NOK) expects that the acquisition of its handset business by Microsoft Corporation (NASDAQ:MSFT) will be concluded by April this year. It was expected that a deal of this size and complexity would take time to unravel. Some key approvals from antitrust regulators in Asia are still pending. The deal is of paramount importance to both the companies as Nokia wants to exit from the loss making handset division and Microsoft wants to use the deal to get a foothold in this segment. Nokia the leader in basic mobile handset business, was undone by the shift from basic handsets to smartphones. Microsoft also wants a pie of this lucrative market but its offerings have been below expectations. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.21 moved to $7.34 on last trade day and at the end of the day closed at $7.22. Company price to sales ratio in past twelve months was calculated as 0.77 and price to cash ratio as 3.53. Nokia Corporation (ADR) (NYSE:NOK) showed a negative weekly performance of -5.00%.
Verizon Communications Inc. (NYSE:VZ) have invested around $50 million in fiber optics and IP (Internet Protocol) networks in Delaware. The main beneficiary of this investment would be consumers, corporate and government organization. It sucks while watching TV or using internet or phone the quality is not up to mark even after paying the substantial amount. The whole entertainment experience turns into nightmare when the speed is low. Verizon Communications Inc. (NYSE:VZ) shares advanced 0.21% in last trading session and ended the day on $47.01. VZ return on equity ratio is recorded as 32.60% and its return on assets is 4.60%. Verizon Communications Inc. (NYSE:VZ) yearly performance is 0.09%.
So, the recent news that a U.S. court has invalidated the Celebrex patent is a small bump in the road for Pfizer Inc. (NYSE:PFE). Admittedly, Celebrex was a blockbuster drug that made almost $3 billion for the company and the loss of the patent will mean a loss of $1 billion in revenues for Pfizer in 2014 and $2 billion in 2015.Pfizer Inc. (NYSE:PFE) shares moved down -2.14% in last trading session and was closed at $31.49, while trading in range of $31.33-$31.90. Pfizer Inc. (NYSE:PFE) year to date performance is 3.65%.
AT&T Inc. (NYSE:T) is delivers quality services in wireless segment and becomes the most reliable 4g LTE network in the U.S. Recently, the Company is the first carrier to deliver Samsung’s Galaxy family of devices to consumers in the U.S.AT&T Inc. (NYSE:T) weekly performance is 4.77%. On last trading day company shares ended up $34.46. AT&T Inc. (NYSE:T) distance from 50-day simple moving average is 4.73%. Analysts mean target price for the company is $35.61.
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