BNL Finance (press release) (registration) (blog) - Dec 6, 2016
We have been telling just about anyone who will listen that Nokia Corp (ADR) (NYSE:NOK) is a good long-term investment. On Monday, NOK stock jumped 6.6% when the company confirmed its return to smartphones.
Nokia Corp (ADR) (NOK) stock has fallen 20% this year, with investors realizing that it is going to take some time to create the cost savings and operating synergies that the company promised investors when it merged with Alcatel Lucent SA (ADR) (ALU).
In 2016, the Finnish telecoms maker purchased Alcatel Lucent SA (ADR) (NYSE:ALU). It was at that particular point that it expressed its intention of giving jobs to about 500 persons in research and development.