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

After Nokia’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%.

This entry was posted on Wednesday, August 29th, 2007 at 10:55 pm and is filed under Wireless Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.