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Nokia's (NOK +0.4%) Lumia phones continue to sell well, says Pac Crest's James Faucette after...

Nokia's (NOK +0.4%) Lumia phones continue to sell well, says Pac Crest's James Faucette after conducting checks. Faucette believes both the Lumia 900 and 600 are faring well in the U.S., and that Euro sales rose M/M in May. On the other hand, he thinks Research In Motion (RIMM -4%) saw another month of sales declines, leading the company's channel inventory to rise to 6-8 weeks. That could be contributing to today's selloff to the single-digit range. (previous)
Comments (4)
  • Eightball
    , contributor
    Comments (138) | Send Message
    Woo hoo some good news! Very much needed. Although the 600 isn't on sale in the US is it? 710 is.
    4 Jun 2012, 12:07 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8957) | Send Message
    C'mon Nokia. Let's sell 5 million Lumia 900s next quarter!!!
    4 Jun 2012, 12:12 PM Reply Like
  • CapitalistDesi
    , contributor
    Comments (48) | Send Message
    There is no Lumia 600.
    The Lumia models are 900, 800, 710 and 610.
    Lumia 710 is sold by T-Mobile
    Lumia 610 is not yet available through any service provider in the US.
    5 Jun 2012, 03:54 PM Reply Like
  • DougRk
    , contributor
    Comments (1617) | Send Message
    I'm still thinking $5/sh is a reasonable floor. Patents imputed at $15B based on $750M royalties at 5%. Cash+ST investments+accts rcvb-LT debt-accts payable = 8B. 23B/4B shares gives ~$5.


    Should be some downside protection here to take a chance.


    8 Jun 2012, 10:58 PM Reply Like
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