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Pompano Beach, FL -- (SBWIRE) -- 02/08/2013 -- Finnish cellular giant accepted a major change of leadership in its lifetime after bringing in Microsoft Corp.’s executive Stephen Elop to run it, and here he is standing on a burning platform, nothing has changed much.
MrElop, the first outsider to oversee the Finnish company Nokia Corporation (NYSE:NOK) in its 148-year history, did nothing noteworthy to shun headwinds of the once-god of techno arena.
Is Nokia is Solid Investment after this News? Find Out in This Research Report
We slipped back, we missed huge trends, and we wasted time, he mentioned. He added that he has recognized that they were staying on a burning platform.
Nokia (NOK) lost his hold in cellphone industry to hands of tech titans including Apple and Google. ''We have more than one blast, we have different points of roasting heat that are firing a blaze over us, the Canadian executive cautioned.
At the current trading session, Nokia Corporation (ADR) (NYSE:NOK) shares are up +1.23% to $4.11 while the stocks are trading within the range of $4.10 – $4.15. In the past year, the stock has traded within a range of $1.63 – $5.87. Average daily trading volume is 69.57 million shares.
For How Long NOK will Fight for Profitability? Read This Trend Analysis report
If we look at a few other stocks at the tech sector, JDS Uniphase Corp, Acme Packet, Inc and Vocera Communications Inc are in the top volume leaders. Let’s have a quick look on their Market performance.
JDS Uniphase Corp (NASDAQ:JDSU) shares are up +0.52% to $15.32 while the stock is trading within the range of $15.20 – $15.49 in the current trading session. In the last 12 months the shares have traded between $8.47 and $15.49. The average daily trading volume is 5.73 million shares.
What was the Moving Force behind JDSU On Bullish Run? Read This Research Report on JDSU
Acme Packet, Inc. (NASDAQ:APKT) shares in the current session moved down -0.34% reaching $29.51. The stocks are trading in a range of $29.45 – $29.58. In the last year the stock has moved within a range of $13.26 – $36.27. The Company’s average daily trading volume is 3.36 million shares.
Will APKT Get Buyers Even After The Recent Rally? Find Out Here
Another rival company, Vocera Communications Inc (NYSE:VCRA), is trading down -1.48% to $26.01. Intraday trading recorded the stock price in a range of $25.91 to $26.29. In the previous 52 weeks the stock’s price ranged between $20.20 and $32.97. Their average daily trading volume is 135,914.00 shares.
Why Should Investors Buy VCRA After the Recent Fall? Just Go Here and Find Out
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