The “Sirius” side of the Microsoft Corporation (NASDAQ:MSFT), Nokia connection

Posted by Chris Bell August 28, 2013 0 Comment 860 views

The Microsoft Corporation (NASDAQ:MSFT), Nokia connection is an age old one. Nokia is one company that has stood firmly by the Windows OS. Now the latter is planning on launching “Sirius”, a 10.1” full-HD tablet. This tablet will run on the Windows RT OS which has garnered a great deal of interest amongst smartphone users.

The launch

This information has been on the grapevine for months now and if this launch does take place as planned, will be another win for MSFT. There was a time when the Androids and the IOS’s were outpacing the Windows OS by leaps and bounds but Microsoft has been catching up and how.

The tablet is slated to be unveiled as soon as the end of September 2013 at a gala event that is going to be held in New York. This design of this device will be very similar to MSFT’s Surface tablet which was could never even scratch the surface of stardom. There is a possibility that it will be priced in the $500 range.

The ex-CEO speaks

There was some news that Microsoft was planning on buying Nokia. It was said that that was one way that the former could ensure that Nokia would stay by its side. Stephen Elop, MSFT’s former CEO wrote on the ABI blog that in acquiring Nokia, the company would only be wasting precious cash. He said that NOK seems pretty content with manufacturing devices that operate on the Windows system.

Tuesday’s trading session

In Tuesday’s trading session, MSFT stock dropped by 2.61%. the shares opened at a price of $33.51 which touched an intraday high of $34.10 and closed at $33.26. More than 0.971 million shares were traded on Tuesday while the average volume of shares traded over 30 days was 55.01 million. The company has a market cap of $277.05 billion.

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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