WHY MICROSOFT WAS NOT STUPID TO BUY NOKIA’S PHONES $MSFT $NOK $AAPL $GOOG $MS
(Subscribers to ZYX Buy Change Alert have been provided a precise zone where to buy and how much to buy.) On Tuesday, Microsoft MSFT announced that it is buying Nokia NOK ’s device business and also licensing certain intellectual property from Nokia. There has been much negative commentary. For example Morgan Stanley MS downgraded Microsoft, and investors voted with their money by selling shares, with Microsoft stock trading nearly 7% lower than it did before on Friday before the deal was announced. It’s hard to blame investors. In 2007, Microsoft spent $6.3 billion on online advertising outfit aQuantive, but last year wrote down the value of the acquisition by $6.2 billion.