A pivotal point for Nokia
With new products on tap, the tech company could see a turnaround in the second half of 2012.
One of the readers of the Next Inning newsletter suggested that Nokia (NOK) seems to be getting quite good press and that its new product announcements look promising.
I completely agree.
I also agree with the contention that an exceptionally well designed Win 8-based tablet could mean great things -- particularly if a Win 8 device is well aligned with corporate desktops and business user needs.
This could be a pivotal event for Nokia. My gut reaction is that the company's new design head, Marko Ahtisaari, is someone who can deliver such a compelling device.
The trajectory and execution at the company is well aligned since Stephen Elop took over as CEO -- one of the more welcome CEO changes we've seen at a major tech company in the recent past.
While Nokia needed a major overhaul, I think the company has made more progress towards that goal than its stock price today suggests.
Of course, much of the pressure on price has been attributable to broader negative pressures from the fiscal problems facing Europe. As I see it, NOK is positioned well for a turnaround during the second half of 2012.
One additional point I'll add is it appears that Nokia Siemens Networks -- a joint venture between Nokia and Siemens -- will not require, or receive, any cash this year from the mother-ships and may itself actually emerge from 2012 in pretty good shape.
MORE ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Try as the bears might, they couldn't break US stocks. But investors still face frothy prices and considerable headwinds.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.