Nokia jumped as much as 11% intraday on takeover speculation and this is the largest upside move in 7 months. Market is flooded with chatter that Finland based phone maker Nokia will receive an offer from either Microsoft or Samsung Electronics, so let’s talk about it.There is no tangible evidence any bidding is happening. The Korea based Samsung is a pioneer in making smart phones and Nokia doesn’t complement what it does. Microsoft, on the other hand, might be looking for a handset partner for the Windows Phone 7, but Nokia is probably not first one it reaches out to.Nokia share prices declined 41% YTD. Its market share has been eaten away by the iPhone since 2007, and later was further attacked by other smart phones running Google’s Android software, so unfortunately, it’s no longer a competitive producer.For those of you trading this space, I’d like to hear from you. You can send in your comments to our show or tweet me (@juliasun_onair). I’m Julia Sun for the Financial News Network.
