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Nokia roundup: Downgrade, hardware product, Einhorn

Nov. 17, 2014 10:17 AM ETNokia Oyj (NOK) StockNOKBy: Eric Jhonsa, SA News Editor51 Comments
  • Raymond James has downgraded Nokia (NOK -2.4%) to Underperform in the wake of its 2014 Capital Markets Day. The firm thinks expectations are too high for both Nokia's Networks and Technologies units.
  • Nokia's Twitter account has posted an image of a black box (resembles a set-top or a Mac Mini), while suggesting the product will be unveiled tomorrow at Helsinki's Slush startup conference.
  • David Einhorn bought back into Nokia in Q3: Einhorn's Greenlight Capital owned 7.8M Nokia shares at the end of Q3. Greenlight had a 3.5M-share Nokia position at the end of Q1, but unloaded it in Q2.
  • Capital Markets Day coverage: I, II

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