Boston, MA 02/10/2014 (wallstreetpr) – Nokia Corporation (ADR) (NYSE:NOK) seems to have bucked from the downward trend it has been experiencing in the recent past especially after ending its litigation with HTC Corp (TPE: 2498). The settlement could not have been better as Nokia will be receiving royalty fees as part of the settlement with HTC, there was also an agreement between the two parties about future collaborations.
Nokia shares have been performing well in the market at the back of IP monetization efforts with the Microsoft Corporation (NASDAQ:MSFT) deal that essentially eliminates the need for smartphone/tablet cross licensing.
This should be positive news to all shareholders due to the revenue potential of the agreement as Nokia continues to maintain a strong patent portfolio. Fortunes for Nokia could be turning soon having been confirmed as a buy by Berenmberg Bank who base the rating on the believe that the dividend payment and appointment of Satya Nadella at MSFT. There has been suggestion that Nokia may be interested in Alcatel Lucent SA (ADR) (NYSE:ALU) wireless business as it plans to boost its revenue collection avenues.
Nokia rated as a buy
The increasing Value of Nokia communication prompted the rating of buy enabling it maintain the positive investment case. This has also been enabled by Nokia huge patent portfolio that it has built over many years. Nokia Corporation (ADR) (NYSE:NOK) seems to be holding a huge patent value in the market depicted by its dispute with Samsung of which Nokia management expects to come to a conclusion in 2015. The settlement of the dispute could be larger than expected according to the market and could see Nokia reaping huge settlement.
Nokia Corporation (ADR) (NYSE:NOK) seemed to be reaping heavily at the Friday trading session in the market as its shares were heavily traded. Its stock closed at high of $7.66 for the week a massive increase of 9.27%.