Hi all,

Nokia has another rumored suitor...please use the supplied link to read the balance of this article.

take care,

Jay

Samsung cited in Nokia acquisition 'speculation'
by Don Reisinger,June 8, 2011 9:12 AM PDT

Samsung cited in Nokia acquisition 'speculation' | The Digital Home - CNET News

Rumors are swirling that Samsung is in the process of compiling an acquisition bid for Nokia, the Dow Jones is reporting.

Though the publication didn't cite its source, it said that "market speculation" suggests Samsung is evaluating an offer for Nokia.

That speculation, the news service says, is born from the financial troubles Nokia is currently enduring. At the end of last month, Nokia lowered its outlook for the second quarter of 2011, as well as the entire year, due to "the competitive dynamics and market trends across multiple price categories." The company said that it expects its second-quarter net sales to be "substantially below" its previously announced range of 6.1 billion euro ($8.9 billion) to 6.6 billion euro ($9.6 billion).