Loeb in Nokia's ear

The tech industry attracts more than its fair share of investing superstars; Prem Watsa has made a bid for the ailing Blackberry, Seth Klarman was seduced into HP and David Einhorn is famously long Apple. Now another celebrity investor has made a big bet on an unpopular tech business. In his latest investment letter Dan Loeb, of Third Point, makes an interesting case for Nokia.Having sold its lamentable handset division, Nokia will be left with three businesses: a network business, a maps business and a patent portfolio. Loeb argues that these three are misunderstood and underestimated by a market obsessed...

The tech industry attracts more than its fair share of investing superstars; Prem Watsa has made a bid for the ailing Blackberry, Seth Klarman was seduced into HP and David Einhorn is famously long Apple. Now another celebrity investor has made a big bet on an unpopular tech business. In his latest investment letter Dan Loeb, of Third Point, makes an interesting case for Nokia.

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