Nokia Corporation (ADR) (NYSE:NOK)’s deal with Microsoft Corporation (NASDAQ:MSFT) for the sale of its global handset business will reach its conclusion on Friday without the Indian unit. The Indian plant is undergoing a tax dispute, which does not seem to resolve in the near future. Therefore, it is likely that it will be excluded from the deal. As per the information provided on Thursday, by a spokeswoman of Nokia, the Indian factory will act as a unit for the manufacturing of contracts for Microsoft. This will be only for a period of 12 months after the closing of the 5.4 billion euros global deal. Nokia Corporation (ADR)(NYSE:NOK) shares after opening at $7.29 moved to $7.33 on last trade day and at the end of the day closed at $7.30. Company price to sales ratio in past twelve months was calculated as 0.78 and price to cash ratio as 3.64.
Sprint Corporation (NYSE:S) began implementation of a workforce reduction plan to reduce costs and better meet the changing dynamics of the marketplace. The plan includes steps to, among other things, improve operational efficiencies and reduce costs, as a result of which the Company expects to incur material charges under generally accepted accounting principles. This reduction is expected to be largely completed by June 30, 2014 and will include management and non-management positions throughout the Company. Sprint Corporation (NYSE:S) shares fell -3.70% in last trading session and ended the day on $8.06. S return on equity ratio is recorded as -12.80% and its return on assets is -4.10. Sprint Corporation (NYSE:S) yearly performance is 13.68%
EMC Corporation (NYSE:EMC), company released better than expected quarterly earnings results but the stock fell after the company’s majority owned VMware, Inc. (NYSE:VMW) reported weak growth in bookings. EMC’s revenue rose to $5.48 billion in the first quarter ended March 31, topping the average analyst estimate of $5.43 billion. The company’s net income fell to $392 million, or 19 cents per share, in the quarter from $580 million, or 26 cents per share, a year earlier. EMC Corporation (NYSE:EMC) shares moved down -1.54% in last trading session and was closed at $25.51, while trading in range of $ 25.41 – 26.07. EMC Corporation (NYSE:EMC) year to date (YTD) performance is 2.20%.
AT&T Inc. (NYSE:T) has turned on the nation’s most reliable 4G LTE network in Owensboro, bringing customers the latest generation of wireless network technology. AT&T Inc. (NYSE:T) weekly performance is -4.43%. On last trading day company shares ended up $34.50. AT&T Inc.(NYSE:T) distance from 50-day simple moving average (SMA50) is2.97% . Analysts mean target price for the company is $35.58.
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