Nokia not seen recovering, could be broken up and sold for parts
Things haven’t been getting any better from Nokia (NOK) lately, and Credit Suisse on Monday officially downgraded the troubled Finnish phone manufacturer from “neutral” to “underperform.” And as Street Insider reports, the bank doesn’t see Nokia recovering in the future and suggests that breaking up the company and selling it off in pieces could now be its best-case scenario. In particular, Credit Suisse said that Apple (AAPL) may be interested in buying some of Nokia’s patents to boost its own portfolio while “Ericsson, Huawai, ZTE may be interested in parts of Nokia Seimens Networks.” Credit Suisse said it was highly unlikely that any company would be willing to buy the entire company.
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