The most important question relates to the latest mobile hand sets being launched by Nokia Corporation (ADR) (NYSE:NOK). As the handset business is being acquired by Microsoft Corporation (NASDAQ:MSFT) and also considering that Nokia has always relied on Windows to power its smartphones, it was assumed that the new range would also operate on the Windows platform. After a long time Nokia is coming out aggressively in the handset market with three product launches. The smartphones are also said to be priced aggressively and targeted at the price sensitive Asian markets. The decision of Nokia to use the Android platform has surprised many. Microsoft has refused to comment on the issue. Nokia Corporation (ADR) (NYSE:NOK) stock opened at $7.97 in last session, and closed at $7.95, while the day range of NOK stock is $7.86-$8.06.The stock showed a positive weekly performance of 4.88%.
Investors would have been hoping that Alcatel Lucent SA (ADR) (NYSE:ALU) is firmly on the road to revival. At least, this is what ALU has been talking about for quite some time now. It has been issuing statements indicating the things that it was doing right, and reassuring investors that it is not long before they can start enjoying their investments in this global brand. However, a look at its latest financial results indicates that the company is not doing as well as it wants investors to believe. It has just posted losses, yet again, during its latest quarterly financial results. Alcatel Lucent SA (ADR) (NYSE:ALU) stock opened at $4.14, in last session and closed at $4.12, by gained -2.14%. The 52 week range was $1.27-$4.68. Company’s market capitalization is $9.89 billion.
QUALCOMM, Inc. (NASDAQ:QCOM) announced that its subsidiary, Qualcomm Retail Solutions, Inc., has been chosen by MLBAM to supply iBeacon hardware as the interactive media and Internet company of Major League Baseball (MLB) in connection with the completion of its initial rollout of the technology in 20 ballparks for Opening Day of the 2014 MLB season. QUALCOMM, Inc. (NASDAQ:QCOM) stock loosed -0.27% and finished the last session at $76.79. The EPS of the stock remained 3.66. Company’s market capitalization is $129.86 billion.
Ericsson (ADR) (NASDAQ:ERIC) CEO Hans Vestberg discussed LTE growth and areas of focus for 2014. We continue to see ERIC as the leader in LTE, with approximately one-third of 4G RAN sales last quarter. Ericsson (ADR) (NASDAQ:ERIC) own measurements show that half of the world’s LTE smartphone traffic passes through its hardware. We believe this proportion will soon begin to decline given the expected rapid increase of China’s LTE traffic, where ERIC’s share lags that of the locals. Ericsson (ADR) (NASDAQ:ERIC) stock opened the session at $13.02, and closed the session at $13.01. The 52 week range of the ERIC stock remained $10.67-$14.22 and the day range was $12.91-$13.05.