Jim Cramer's Wall Street Confidential, 12/4/07: Don't Knock NOK

Recap of Jim Cramer’s comments on Wall Street Confidential, Tuesday December 4. Click on a stock ticker for more analysis:

Nokia (NOK), Motorola (MOT)

Cramer regards news of Nokia's concern about falling cell phone prices as a "classic buying opportunity," since "people want to have what looks good. Whoever has the hottest phone gets good orders, and I can tell you that Nokia has the hot phones." He thinks of Nokia's cell phones as a fashion statement like Apple's iPod and Garmin's products. Since the news was released at the end of the day, analysts have not yet had time to react, and Cramer would wait until analysts comment before buying. Cramer thinks the sum of Motorola's parts is worth more than the whole, and commented he has seen Carl Icahn get involved in similar situations with positive results. "I'm with Icahn. I would just go buy the stock."

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