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And now for some financials: Nokia Stock Up Over 7%

August 29, 2007 in Wireless Industry News

‘s crushing ball of press releases was set in motion combined with a nicely timed market upswing, shares of Nokia stock (NYSE: NOK) rose 7.23% to a new 52-week high of 32.18. And a little cherry on top in after hours trading.

This of course follows a nice decline in the stock in the past weak, mainly due to a general weakness in the markets. You can probably work the terms “credit crunch” and “subprime mortgages” into that statement too.

Nokia wasn’t the only receiver of good news – most handset manufacturers were up today (Motorola +1.86%, Research in Motion +5.98%). Even Palm, maker of the widely-hated device called the Foleo, was up about 2.5%.

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