“Shares of Nokia Corp. (NYSE: NOK) rose more than 12% last week, about half that on Friday as rumors swirled that the company might be acquired. Nokia, now partners with Microsoft Corp. (NASDAQ: MSFT) in the smartphone sector, has just been hammered since the introduction of the iPhone from Apple Inc. (NASDAQ: AAPL) and the Android operating system from Google Inc. (NASDAQ: GOOG). Shares have fallen from a high of around $40 in late 2008 to just around $3.”
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